Monday, July 12, 2010

Auckland U’s $1M NZ Entrepreneurial Challenge

I’m on the faculty of the University of Auckland Business School in New Zealand where I teach an MBA class. The School has a fantastic million-dollar challenge open to New Zealand entrepreneurial businesses. The challenge has been established by London-based investor Charles Bidwell, New Zealander and former Auckland stockbroker.

The competition is open to NZ small and medium enterprises with a turnover of at least NZ$1million p/a, which have been operating for at least two years, and are seeking finance for business growth or expansion. Winners of the competition receive access to funding for growth and development from a pool of up to NZ$1m over three years, expert feedback, mentoring, publicity, recognition and networking opportunities.

I spoke at the awards in 2009 – winners were coffee roasters Allpress Espresso (for London expansion), smart water meter technology developers Outpost Central (growing business in water-deficient Australia) and hot water heating control technology company Senztek (R&D and marketing new products for Europe). Kiwi Innovation!

The Bidwell Challenge is part of Auckland University Business School’s movement of the bar for aspiration far beyond “bach-and-boat”; it’s to take on the world.

Enter here before July 19.