The 2018 Velocity $100k Challenge qualifiers have been announced and now it is an intensive eight weeks for the teams as they go through the Launch Pad programme to further develop their ideas and prepare their business plans and pitches for judging. There will be a first place winner, a runner-up prize and three category winners.

This year, Velocity received the highest number of entries ever for the Challenge with 95 entries ranging from car parking solutions to high-end medical devices.