Innovative New Zealanders keen to set up their own business will have a chance to turn their dreams into reality in a competition being run as part of the Planet 2010 Communications and Technology Conference in Auckland next month.
The Telecommunications Industry Group (TIG) is offering 10 start-up companies the chance to pitch their business ideas to a panel of judges at Launch Pad, a public competition which will take place during the Planet 2010 conference on March 12 and 13.
The winner will receive $70,000 worth of IT, marketing, legal and accounting services, as well as three Hewlett Packard Netbooks and 12 months’ account management support from four of the competition’s sponsors, WorldxChange, Republik, Hudson Gavin Martin and MYOB.
The second and third place-getters will receive prizes of $10,000 and $5000 sponsored by the Ministry of Economic Development. The 10 start-up companies selected to take part in Launch Pad will be short-listed from a field of applicants who must submit their entries through either a New Zealand business incubator or a university technology transfer office (TTO).
Each incubator or university TTO can enter business plans for up to two start-up companies. Entries close on 1st March 2010.
TIG chief executive officer Rob Spray says his organisation is committed to helping innovative New Zealanders achieve their goals. “We see Launch Pad as a way for us to find and champion New Zealand’s best start-up companies, and help them grow their ideas into something spectacular.”
Simon Martin, a partner at Hudson Gavin Martin, which will provide legal services to the winner of Launch Pad, says that innovation is vital for New Zealand’s economic future. “Competitions such as Launch Pad provide a great platform to raise the profile of and further stimulate this innovation. We are delighted to be able to sponsor a competition that supports new businesses to achieve their potential.”