Perth-based blockchain-powered energy trading platform Power Ledger will be heading to Sir Richard Branson’s luxury Caribbean island as one of the top three finalists in the world’s largest start up competition.
Power Ledger – which raised $34 million in an initial coin offering last year – will be competing against two other finalists – Revl and Owlet – in the 2018 Extreme Tech Challenge (XTC) competition on 28 February.
The finalists will pitch their ventures to a panel of all-star judges at Branson’s Necker Island for the chance to win resources to amplify and scale their respective platforms.
“Getting the chance to present our peer-to-peer renewable energy trading platform at CES 2018 was a fantastic opportunity to get our message out to even more markets around the globe. We know that our solution is one that can truly make a difference in humanity, in both developing and developed nations. Visiting Necker Island for the Blockchain Summit was a great privilege and I’m so excited that Power Ledger can return as an XTC finalist,” said Power Ledger co-founder and chairman Jemma Green.
The other two finalists announced were Revl, a smart action camera company that uses AI powered editing software, and Owlet, an infant health platform that empowers parents to care for their children.
XTC is a competition that empowers entrepreneurs and their companies by providing them with visibility and resources as well as helping them get the ability to grow exponentially. The ultimate winner of the XTC will have the chance to scale, get mentorships and access to key investors.
Last week, the company pitched, along with nine semi-finalists, at CES 2018 in Las Vegas. The other nine semi-finalists were Abra, AirSwap, BioCellection, Choose, Neurotrack, Owlet Baby Monitors, Rayton Solar, Safe Motos and Tissue Analytics.
The Extreme Tech Challenge was born on Necker Island four years ago and returns to its birthplace for the finals year after year.
