An imaginative natural treatment to defeat the antibiotic opposition, a spearheading system to make ecologically amicable, close to zero waste procedures in the stirring business, and asymptomatic test to spare mother and child from dangerous pre-eclampsia are among the victors in the current year’s University of Canterbury (UC) Innovation Jumpstart competition.
Innovation Jumpstart gives UC specialists from all orders, including expressions, science, training, building, business and law, the chance to change their thoughts and examination into business reality.
Deputy Vice-Chancellor | Tumu Tuarua Professor Ian Wright says the research, innovation and commercialization efforts of the winners demonstrate how UC is an innovative institution producing ideas that potentially hold strong appeal in New Zealand and abroad.
“The Innovation Jumpstart competition takes innovative research ideas to an exciting new level of exploring the commercial opportunity,” Prof Wright says.
“The potential of these ideas makes UC more attractive to investor groups, furthers intellectual capability, and gains more leverage with a government, private research, and consulting opportunities.”
Five prizes of $20,000 were awarded funding from KiwiNet. Additionally, technology incubators WNT Ventures and Astrolab chose two projects to receive $35,000 worth of practical services.
Business incubators put the winning ideas through rigorous processes, including financial analysis, strategic planning, market validation and capital raising with an eye on forming a start-up business to commercialize the project.
The competition was judged by a panel of entrepreneurs and industry leaders, including representatives from Callaghan Innovation, technology incubators WNT Ventures and Astrolab, UC alumni and staff. The judges included award-winning entrepreneur and UC alumnus Dennis Chapman, entrepreneur Paul Davis, Ara Deputy Chair Elizabeth Hopkins, tech investor Greg Sitters who is a Managing Partner of Matū, a venture fund specializing in early-stage science and technology startups.