Power Ledger uses blockchain– the same technology behind virtual currency Bitcoin – to create a decentralised marketplace for renewable energy, allowing consumers to trade surplus electricity directly with one another.
Techboard ranks over 700 Western Australian companies through an index incorporating, share price, earnings, staff size and press coverage. Power Ledger, which has been described as the “Uber of energy supply”, has recently completed a trial of its technology and is poised to commence an even larger scale test.
ASX-listed Fastbrick Robotics (ASX:FBR), which has developed a vehicle mounted brick laying machine, ranked second, after taking out the top prize at the WA Innovator of the Year awards. The company has also seen a sustained increase in share price as it continues to accelerate the deployment of its technology.
Internet safety technology Family Zone (ASX:FZR) placed third. The company provides a range of tools to help parents manage their kids’ online access.
Other notable entrants in the top twenty-five include Carnegie Wave Energy (ASX:CWE), Hazer Group (ASX:HZR) and Shark Mitigation Systems (ASX:SM8). Shark Mitigation Systems is currently in negotiations to supply the WA State Government with its Clever Buoy solution, which uses sonar technology to detect shark-like objects. Techboard is scheduled to launch its ranking system nationally in early 2017.
Techboard.com.au is a platform connecting investors with Australia’s most innovative startups and technology companies. The site publishes fortnightly power rankings, monitoring the fastest moving companies in the industry and allows investors to search through thousands of companies by name or sector.
Techboard launched in Western Australia and is currently in the process of expanding its services nationally. The platform supports investment in the technology sector and will also soon enable companies across Australia to promote their capital raisings.
See more at Techboard.com.au