Academic Opinion of BrainChip Tech, page-154

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Peter says that the Innovation Centre of WA enabled him to succeed with his breakthrough innovation.
“The ICWA is a very stimulating environment. The incubator has a different culture than an ordinary office space. It kept me going through the three years.”
Peter lodged the first patent for the new processing method in 2008. However in 2012, when Peter moved into the ICWA Incubator, the market was not ready for his idea.
“It is a matter of being in the right place at the right time. Perth wasn’t the right place three years ago, but is now. With the end of the mining boom, people are looking at technology”, Peter said.
BrainChip caught the attention of Andrew Jones, Corporate Advisor at MVP Capital, who met Peter through the ICWA, and who immediately noticed the potential. “I was very impressed with the technology and its multitude of applications”, says Andrew. “I knew that if its potential was proven, it would be the holy grail of technology. When Peter’s technology was endorsed by top neuroscientists from the Kavli Institute and Curtin University, as well as some other reputable institutions I knew it was the start of something very exciting”. It was after these endorsements that Andrew started the proceedings to list BrainChip on the ASX.
Peter utilised the key contacts he met at, and through, the ICWA and finally all the networking and years of hard work, paid off.
The companies are currently finalising the merger and will update the market once completed.