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TCS Expands Co-Innovation Program with Tech Startup Forum

Announcement posted by Tata Consultancy Services 23 Jul 2015

TCS Co-Innovation Network (COIN)™ opens world of opportunity for Australian and New Zealand tech innovators
Sydney - July 23, 2015: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm, today announced it is launching a competition for tech startups from Australia and New Zealand to win an exclusive place in the TCS Co-Innovation Network (COIN™) - a global Innovation ecosystem consisting of international Venture Capital Funds, leading startups, Academic Institutions and Strategic Alliance partners.
 
TCS is seeking entries from emerging companies offering solutions geared towards solving high value business challenges, primarily in hot-button areas such as Cloud, Mobility, Analytics, IoT, AI, Cybersecurity, Big Data and Social Media. 
 
Interested startups from Australia and New Zealand are invited to send their submissions to anz.marketing@tcs.com by Monday, 27 July.
 
Eight finalists will be selected to present their solution to an audience of business leaders attending the TCS COIN™ Forum 2015 in Sydney on 6 August.  The winning startup will receive: 
  • Membership in the TCS COIN™ program
  • A fully-paid trip to TCS’ Silicon Valley Customer Collaboration Centre
  • Complimentary commercialisation and strategic fundraising  advice from Pottinger, a leading corporate advisory firm specialising in M&A transactions and capital management
Deborah Hadwen, CEO, TCS - Australia and New Zealand said, “TCS is committed to driving innovation in the region, and we are excited to have the opportunity to work closely with emerging startup companies who are helping shape the future of business here and potentially worldwide. The TCS COIN program is a well established global technology development engine that brings together leading organisations and big-thinkers in technology development and it is exciting to expand the program’s presence here in Sydney in 2015.”
 
Nigel Lake, CEO, Pottinger said: “Australia and New Zealand have amazing track records in science and innovation. There is huge value to be created by the successful fusion of innovative technologies, commercialisation experience, global reach and customers’ needs, particularly for B2B and B2C applications.  We’re delighted to partner with TCS to help turn game-changing technologies into world class businesses.” 
 
Trish Messiter, Owner, Clarinox Technologies Pty Ltd said, “Participating in the last TCS COIN Forum provided the team from Clarinox with an excellent platform to promote our wireless technology to a diverse range of senior level executives within TCS's business community. The TCS COIN program is a great opportunity to join a world class innovation network, and I would encourage startups in Australia and New Zealand to get involved with the program."
 
This is the second TCS COIN™ Forum to be held in Australia. Past participants included the likes of Clarinox, Netpage, Yellowfin and Blink Mobile.
 
ENDS
 
About the TCS Co-Innovation Network (COIN)
 
TCS’s Co-Innovation Network (COIN) is a global – and collaborative – innovation framework, that enables us to address a new generation of challenges.  Through COIN™, TCS works with Startups spanning varied technology areas from across the globe to create innovative solutions. Each year several Startups are channelled through the COIN™ pipeline to undergo our stringent Technical and Business Diligence. On a global level, the TCS COIN™ program includes the likes of Andreessen Horowitz, Sierra Ventures, Sequoia Capital, Massachusetts Institute of Technology, Cambridge, United States, University of California Berkeley through to Clarabridge, Neospeech, TestPlant and others.  For further information please refer to:  http://www.tcs.com/about/research/newsevents/Pages/TCS-Co-innovation-Forum-2015-ANZ.aspx 
 
About Tata Consultancy Services Ltd. (TCS)
 
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 324,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
 
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For further information regarding TCS’s operations in Australia please refer to: http://www.tcs.com/worldwide/australia_new_zealand/ANZ/Pages/default.aspx 
 
About Pottinger

Pottinger works globally with influential leaders on their most important opportunities and challenges.  Great leaders have bold ambitions – to help realize these, we provide destination-led advice in relation to strategy and public policy, M&A and asset sales, infrastructure and capital structure, and use world class data analytics skills to reduce risk in boardroom decisions.  This gives leaders the confidence to step into the future, secure in the knowledge that our advice will stand the test of time.  www.pottinger.com. 
 
Asia Pacific:
Email: sean.davidson@tcs.com
Phone: +65 9139 3668
 
Australia and New Zealand:
Email: alex.goldrick@tcs.com
Phone: +61 (2) 8456 2800