The inaugural Upstart Den was held in Dunedin on Thursday evening, 4th March at Upstart with 11 inventions and business concepts showcased in front of 16 "entrepreneurs" who have been looking for business opportunities they can drive. As a result of the evening Upstart has received 23 requests to facilitate and support follow up discussions, negotiations and due diligence which could lead to the creation of new businesses.
The StartUP Network is the latest innovation from Upstart Business Incubator providing support, knowledge and connections to budding entrepreneurs as they turn their ideas and concepts into businesses. The network is independent of business incubation and will provide the best budding entrepreneurs with a foot in the door for the Entrepreneur Development Programme where they are paid a scholarship to live on for up to 2 years while they build their business and have access to incubator resources and connections. The launch event was attended by 14 people who were introduced to the concept of Wealth Dynamics with the guest speaker John Owens who is a Wealth Dynamics Master Practitioner. The concept behind Wealth Dynamics is that each of us has particular thinking and behavioural dynamics and we should build our business with that in mind. Understanding wealth dynamics provides entrepreneurs with an understanding of the cycle of business, who's needed on the team, and how to create wealth from their business. The next meeting will be in September when we'll be exploring some usually misunderstood dimensions of leadership. Budding entrepreneurs are able to join the network at any stage by emailing lisam@upstart.org.nz and requesting an application form.
The $Unlimited Challenge is about to launch with the 2009 six month programme which culminates in 15-20 companies able to pitch to significant investors who have the significant funding required to start and expand businesses into export markets.
As part of the challenge a qualified group of participants will be invited to take part in the (six-month) programme of support and direction to become investment ready. With committed investment advisers and fund providers engaged in the initiative, the likelihood of securing funding is much higher than going it alone. • The challenge is open to start-up, high-growth, and enterprise businesses • Investment amounts could range from $100K to $5million, sourced from a mix of investors • Funds will come from early stage investors and/or angel investors • Challenge partners are: James & Wells; NZ Trade & Enterprise Escalator Those wanting to participate in this challenge, or explore other ways to get their business investment ready, and expand into new markets should contact info@upstart.org.nz