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.
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).
Idealog is part of ICG. We work with clients like Woolworths New Zealand, All Good, Huffer, Liquorland, Resene, Citta Design, TVNZ, Spark and FCB on their event activations, in-store, in-office or out-of-home signage, content creation and vehicle wraps.