The Innovate Whanganui Awards are in their second year. It’s a local competition based on the “Dragon’s Den” idea that supports an entrepreneur from ideation to scale and investment. The competition supports local entrepreneurs and start-up business initiatives. Innovate is for those who have a novel idea, or are stuck and need a bit of guidance to push forward. Whanganui & Partners is delivering Innovate Whanganui in partnership with The Factory, a Palmerston North collective made up of experts at getting ideas off the ground, launching start-ups, and helping businesses grow.
Earlier this month, five finalists were selected and are now in a 10-week intensive phase, where they meet each week and develop their idea into a business. Each finalist is paired with mentors, receives tailored support and has access to a pool of national and international mentors. They also receive $3000 in capital which is tagged to specific milestones determined by their mentors. Congratulations to the five finalists:
This all culminates at pitch night on 25 August, where each finalist will present their idea to local business leaders, angel investors and others that support entrepreneurialism in the region. The winner receives $5,000 to support their idea.