InvestSMART

App age dawns

Australia is at the "dawn of a new app age", according to a report by the Australian Centre for Broadband Innovation. On Monday the centre awarded $65,000 in prizes to five winners of its Apps4Broadband competition designed to unearth examples of innovation .
By · 3 Sep 2013
By ·
3 Sep 2013
comments Comments
Australia is at the "dawn of a new app age", according to a report by the Australian Centre for Broadband Innovation. On Monday the centre awarded $65,000 in prizes to five winners of its Apps4Broadband competition designed to unearth examples of innovation .
Google News
Follow us on Google News
Go to Google News, then click "Follow" button to add us.
Share this article and show your support
Free Membership
Free Membership
InvestSMART
InvestSMART
Keep on reading more articles from InvestSMART. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.

Frequently Asked Questions about this Article…

The centre’s report used the phrase to describe a growing wave of broadband-enabled mobile and web applications. It signals that advances in broadband and app development are creating new opportunities for creative digital services and innovation.

Apps4Broadband is a competition run by the Australian Centre for Broadband Innovation to uncover and reward innovative broadband-related apps. For investors, competitions like this can highlight emerging technologies, early-stage teams and new use cases that may become investment opportunities as the app market grows.

The centre awarded a total of $65,000 in prizes to five winners of the Apps4Broadband competition.

The competition aimed to unearth examples of innovation related to broadband-enabled applications. While the article doesn’t list specific app types, the focus was on novel uses of broadband technology to deliver new services or improve existing ones.

Everyday investors can watch for startups and companies demonstrating real user demand, scalable business models and strong management teams in broadband-enabled services. Following industry reports, accelerator programs and competitions like Apps4Broadband can help identify promising trends and early-stage innovators.

Yes. The $65,000 prize pool and the competition itself indicate organised support for app innovation from industry players like the Australian Centre for Broadband Innovation, suggesting an ecosystem that is encouraging new digital solutions.

Not immediately. The report and competition are signals of growing innovation, but investors should conduct standard due diligence—assessing market size, business model, revenue prospects and risk—before adjusting portfolios based on broader technology trends.

Investors should look to announcements and follow-up material from the Australian Centre for Broadband Innovation and coverage of the Apps4Broadband winners. These sources typically provide details on winning projects, their value propositions and next steps for commercialization.