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Meet the 10 teams headed to Lightning Lab

Lightning Lab has announced 10 startups for its second intake, tackling issues from online note-taking to shared finances and smart water usage.

They are:

Cavaltech  – tools and analytics for the horse shoeing industry  

Glass Jar  – automated management for shared bank accounts 

Common Ledger   – unifying accounting data standards 

Twingl  – online note-taking and semantic linking tool for researchers (Read more: Twingl pitches for its life)

Cogo  – inspiring people to achieve goals through donations 

TradeIntel – pricing and recommendations tools for online auctions 

Cloud Cannon –  website content management for graphic designers 

Keen – spontaneous matching people to shared activities 

CoachSeek –  marketplace for professional sports coaches 

WaterGenie –  smart water monitoring meters in the cloud (Read more: Water Genie bottles a formula to fight scarcity)

Lightning Lab director Dan Khan says the Lightning Lab team received 150 enquiries from all over New Zealand and places as far flung as Ukraine, Vietnam, and New York. 

Each of the final 10 teams is funded with $18,000 in exchange for 8 percent equity.  The teams, from Auckland, Christchurch, Dunedin, Nelson, Levin and Wellington, will base themselves in Wellington for the programme.

Lightning Lab 2014 will start on March 3 and culminate in a demo day in late May.

“We are supercharging the tools and methods for mentors, and have a greater number of world class thought leaders clocking in, especially around design,” Khan says.

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