Selection Criteria

Venture West will consider investing in Western Australian ideas and inventions that meet the following criteria:

1. The inventor is resident in W. Australia, preferably in the Perth metropolitan area

2. The invention is in one of the following areas:-
   • Electronics, including: sensors, telemetry, control systems, safety systems.
   • Electro mechanical, including:  motors, generators, switching systems, automotive.
   • Electro optics, including: Solar generators, imaging systems, airborne sensors
   • Communications, including:  data transmission, compression algorithms, error detection and correction, modulation systems, Software Defined Radio, Antennas.
   • Video, including: image processing, stereoscopic imaging, image compression, distribution, image enhancement,
   • Media, including: display systems, audio compression, audio processing, Digital Rights Management, security, distribution.
   • Medical, including:  Environmental monitoring, Fitness for work testing, Heat Stress and Environmental Stress Monitoring, medical electronics.
3. Patent rights have not been jeopardized i.e. if a provisional patent is not in place then prior disclosure has been under a non disclosure agreement and the invention has not been publicly disclosed
4. The rights to the invention have not already been assigned.
5. The concepts behind the invention are scientifically sound.
6. The intellectual property that encompasses the invention is unique and potentially patentable.
7. There is an identifiable and quantifiable market for the invention.
8. Venture West is satisfied that we are able to achieve an acceptable ROI over typically a five year period.