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Finalists of Entrepreneurship Programme Vie for Seed Capital and Incubation

 

The Centre for Innovation and Entrepreneurship, based at New Zealand’s University of Auckland Business School, had announced 15 projects that made it through to the final stages of Velocity $100K Challenge.

About Auckland Business School Velocity Programme

  • According to a recent press release, Velocity is a student-led entrepreneurship programme delivered in partnership with the Centre.
  • Every year, 15 projects make it through to the final stages of the competition for a chance to win seed-capital and a coveted place in the University’s incubator Venture Lab.
  • There are three categories: New ventures, Social entrepreneurship, and University research.
  • Launched in 2003, former participants have been involved with more than 120 ventures, attracted over NZ$ 224 million in investment, and created more than 700 jobs with products and services in over 35 countries.

The Participants

The following participants are some of the $100k Challenge finalists that employ technology:

By using the latest technology, this software company primarily serves to make many of the systemic processes in the car wrecking industry more efficient and productive. They have identified eight main inefficiencies and problems in the wrecking industry.

Global video spending will reach $152 billion in 2019 and NZ deserves a bigger slice of the pie. The Next participant is a trade body that will represent the industry and empower independent developers and start-ups to join the ranks of trailblazers proving that games can be a sustainable and profitable success.

A registered charity, which specialises in education fundraising to support schools to develop the full potential of every child, is also a participant. The online platform uses a meticulous ‘closed loop’ initiative to bring meaningful school projects and donors together by building transparency, trust and interpersonal connections.

A team has invented an alternative power generation mechanism that can produce much more power that is extremely lightweight and compact to address the issue of power starvation epidemic, which is striking the global space industry.

With an estimated one billion of the world’s population having a mental or substance use disorder, a team is developing an artificial intelligence-based system that empowers mental health clinicians to provide just-in-time interventions and more informed follow-ups in order to enable a meaningful life for all.

Another participant is a software service for irrigation scheduling, which will provide optimum solutions for customers that increases revenue and guarantee food and water supply for the world.

The next participant will employ the latest surveillance techniques in computer vision and artificial intelligence to take the guess-work out of larval and tank health assessment ensuring optimum growth and survival in shellfish hatcheries.

A training platform is part of the final line up. It will deliver lifelike emergency training experience and effective training outcomes to equip trainees with knowledge and confidence.

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