Lightning Lab has announced 10 startups for its second intake, tackling issues from online note-taking to shared finances and smart water usage.
Cavaltech - tools and analytics for the horse shoeing industry
Glass Jar - automated management for shared bank accounts
Common Ledger - unifying accounting data standards
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.
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, an Idealog t-shirt and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).