The state government is investing $150,000 in a start-up accelerator, that will support businesses experimenting with new applications in energy, and in the Internet of Things.
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The Internet of Things refers to normal objects - like fridges, heaters, furniture, and other appliances - that use the internet in some way to offer increased convenience.
For example, a "smart home" is one in which lighting, heating, security systems, and appliances can be controlled from a mobile phone, even when the user is not in the house.
The Internet of Things also has applications in aged care, medicine, agriculture, and, potentially, just about any other field.
The Launceston-based Internet of Things startup accelerator will be run by EnergyLab partnering with Tasmanian tech companies, and is an Australian first, Minister for Science and Technology Michael Ferguson said.
"The Hodgman Liberal government is a strong supporter of the ICT sector in Tasmania," he said.
"That's why we're investing $900,000 to help turn the concepts of Tasmania's best and brightest into viable, real-world products and services.
"This supplements our commitment to Tasmania's burgeoning start-up community via the Enterprize Hubs in Launceston and Hobart."
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The EnergyLab Energy-IoT Accelerator will receive $150,000 of the funding to support local tech start-ups to develop their ideas, guide them over the hurdles of creating innovative products, and take their concepts to market.
"The program will reach, support and inspire local entrepreneurs, innovators and founders to develop and innovate," Mr Ferguson said.
He said there would be a particular focus on clean energy start-ups.