Story image

Dunedin GigStart reports 'record' number of startup applications for final funding round

04 Nov 16

Dunedin has gone from being Gigatown to a thriving giga startup hub or at least that certainly seems to be the case after the GigStart Fund reported a record number of applications this year.

The GigStart Fund was a created as a followup to the region's Gigatown win in 2014, and this year has been a bumper season.

The Fund was originally launched with $200,000 by Choris and Nokia. It was a launchpad for new-to-market Ultra Fast Broadband (UFB)-led service concepts in Dunedin.

It has now grown into a fund that has allocated $147,000 to eight Dunedin startups, which have been concentrating on areas such as crowdsourcing platforms, cloud-based software programmes, application development, animated learning and a Gig-powered, co-shared office space.

Startup Dunedin administers the GigStart Fund and reports that in the fourth and final round of funding this year, a 'record' 21 businesses applied for up to $53,000 in funding.

“We’re delighted that having gig technology in the city has contributed to a more dynamic StartUp business scene in Dunedin," says Nigel Bamford, chair of StartUp Dunedin.

He says that the jump in applications shows that GigCity partners have really been drumming up momentum, and it has paid off.

"Our Leithbank co-working office space – for start-up and small business combined with the Co.Starters business development courses we run have also been really filling up in recent months so there does seem to be some momentum building in the local new-business ecosystem," he says.

StartUp Dunedin will choose the finalists over the next week. The five chosen finalists will then pitch to a judging panel on Pitch Day, scheduled for November 17. Winners will be announced soon after.

Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.