Chorus and Alcatel-Lucent’s ng Connect programme have launched a new fund today that will give New Zealand entrepreneurs and innovators the chance to win up to $200,000 to develop and market a new service concept that will run over gigabit ultra-fast broadband (UFB) in the winning Gigatown.
The Gig-Start Fund is now open for applications, and Chorus and Alcatel-Lucent’s ng Connect programme are calling for companies and individuals from across the country to dream big and put forward a compelling business case to help get their ideas for UFB service concepts off the ground in Gigatown.
In October 2013, Chorus launched its Gigatown competition, with 50 towns signing up to compete for the opportunity to become New Zealand’s first Gigatown. Five towns - Dunedin, Gisborne, Nelson, Timaru and Wanaka - are now competing in the final round and the winning Gigatown will be announced on 26 November, 2014, receiving 1Gbps UFB services across the town’s fibre footprint at entry level broadband prices.
To apply for the Gig-Start Fund, participants need to produce a short video describing their idea and the concept behind it, outline a business model, and technology and funding requirements.
Chorus Chief Commercial Officer Tim Harris says the Gig-Start Fund was established to spark innovation and help the winning Gigatown to leverage the economic benefits of UFB.
“Throughout the Gigatown competition, we've seen people truly inspired by what a country connected with UFB can achieve. Now we want to harness this inspiration and assist New Zealanders to create UFB-led services that they can launch and market in the winning Gigatown.”
Alcatel-Lucent Australia, New Zealand, Pacific Islands, President and Managing Director, Sean O’Halloran, said UFB could transform the way Kiwi organisations approach innovation and service development.
“One of the great benefits of UFB is its capacity to drive innovation and new-to-market services. UFB is already enabling new value for New Zealand and Gigatown shows there is a great demand to accelerate the benefits across the country.”
Applications for the Gig Start-Fund will be judged by a panel of experts, including publisher of Idealog, Vincent Heeringa; journalist and founding manager at Science Media Centre, Peter Griffin; head of mobile and portals at Orion Health, Richard Fraser; vice president of market development at Alcatel-Lucent/ng Connect lead, Jason Collins; and Chorus network strategy manager, Kurt Rodgers.
Entries for the Gig-Start Fund initiative are open until 12pm, 30 January, 2015, with finalists announced on 2 March, 2015. Finalists for the Gig-Start Fund will then be invited to attend a “Pitch Day” where they will have the chance to showcase and pitch their ideas to the judging panel and the wider Gigatown community. The winning applications will be announced in March 2015. For more details about the fund, go to http://gigatown.co.nz/the-prize
- See more at: http://www.chorus.co.nz/-200-000-fund-to-kick-start-innovation-in-the-winning-gigatown#sthash.pVw6EH9m.dpuf
And are also asking for users Vimeo username & password over an unsecured web form to enter the competition.
A non-disclosure agreement won't protect you with that I'm afraid.