Christchurch company Invert Robotics and Lower Hutt-based Im-Able Ltd have beaten more than 750 businesses around New Zealand to take the top prizes in the ANZ Flying Start Business Plan Competition.
Invert Robotics Ltd, which builds remotely-operated climbing robots that inspect industrial equipment in the dairy industry, won the Supreme Award for the best overall business plan – a prize package worth $56,000 to further grow the business. Invert Robotics was born out of the University of Canterbury, and earlier this year, picked up Best Startup at the Hi-Tech Awards.
The ANZ Export Assistance Prize for the company demonstrating the most exporting potential went to Im-Able Ltd, whose computerised training games and other systems help stroke victims regain their independence by speeding up the recovery of arm movements, balance and cognition. Im-Able receives $10,000 to explore exporting opportunities in the Asia-Pacific region. It already has a presence in the UK, France, Germany, Singapore, Hong Kong, the US and Australia.
Sixteen regional winners also each received a $1000 prize at an award ceremony in Wellington today.