Introduced to celebrate socio-economic benefits to clients, ingenuity and excellence in the exploding applications of technology in professional services, the Award category is sponsored by IP Australia.
The Professional Services Startup of the Year is different to the awards for traditional firms and practitioners in the way Award is adjudicated:
Firstly, we are using the Steve Blank definition of a start-up: "A temporary organization used to search for a repeatable and scalable business model".
We are applying the definition to any professional or quasi
professional service in law, accounting, tax, management consulting, consulting engineering and the built environment and/or in related services.
This categorisation includes, but is not limited, to all the ‘techs’ like LegalTech, RiskTech, InfraTech and TaxTech.
The judging process is rigorous and intriguing.
In Stage 1 all entries will be assessed by beaton against the equally weighted criteria of expected/actual socio-economic benefits to clients, ingenuity and execution excellence.
Then in stage 2 the c-suite leaders of several hundred medium-large professional services firms in Australia and New Zealand will be confidentially polled by beaton on the top quartile of entries from the first stage. Based on the websites of the top quartile, they will be asked to nominate the best five startups using the same criteria.
The top five will the Finalists and go forward to the final stage in which each finalist will provide a 5-6 minute video pitching why they should win the 2019 Professional Services Startup of the Year Award.