Story image

Kiwi startup co-founder selected in first cohort for entrepreneur visa

13 Jul 2017

New Zealand cap company Offcut’s co-founder Dan Price has been chosen as one of 30 entrepreneurs in the inaugural Edmund Hillary Fellowship programme.

The programme gives fellows access to the new Global Impact Visa, described as “the most entrepreneur-friendly” visa in the world.

More than 300 candidates applied for the fellowship from more than 50 countries.

The Edmund Hillary Fellowship (EHF) Selection Team was impressed by the calibre and diversity of applicants. 

Through a highly competitive process, the EHF Selection Panel chose 30 Fellows, a 9.6% acceptance rate.

At the conclusion of the three-year programme, Fellows have the opportunity to apply for New Zealand residency.   Price says he’s “humbled” to become a Fellow.

“As a mountaineer myself, Sir Edmund is someone I’ve always looked up to. So to join the very first cohort for this programme in his name is a huge honour.

“The fellowship is unique in its impact-driven approach to foster businesses that make the world a better place and this is perfectly aligned with what we are doing at Offcut.”

Offcut handmakes caps in New Zealand from fabrics destined for landfill and sells them online worldwide.

The company, founded in December 2015, plants a native New Zealand tree with every cap sold.

Price, a British-born 29-year-old, has lived in New Zealand for five years.

He completed a PhD in glaciology at the University of Canterbury in 2014 and undertook three fieldwork research campaigns in Antarctica.

He joined Offcut co-founder Adrien Taylor last year as the company enters an ambitious growth phase which includes plans to open a series-A investment round later this year.

“We’re already in early talks with potential investors, including one of the world’s leading sustainable fashion businesswomen.

“The fellowship will give Offcut access to some of New Zealand and the world’s top purpose-driven entrepreneurs and investors.

“It’s a huge opportunity to learn from the very best and gain access to capital markets we’re looking to tap into,” Price says.

By building a community of Fellows who are tackling global challenges and incubating new solutions in New Zealand, The Edmund Hillary Fellowship aims to facilitate meaningful connections, cross-disciplinary learning, and peer-to-peer support to increase each Fellow’s impact. 

NVIDIA announces Jetson Nano: A US$99 tiny, yet mighty AI computer 
“Jetson Nano makes AI more accessible to everyone, and is supported by the same underlying architecture and software that powers the world's supercomputers.”
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
NVIDIA introduces a new breed of high-performance workstations
“Data science is one of the fastest growing fields of computer science and impacts every industry."
Apple says its new iMacs are "pretty freaking powerful"
The company has chosen the tagline “Pretty. Freaking powerful” as the tagline – and it’s not too hard to see why.
NZ ISPs issue open letter to social media giants to discuss censorship
Content sharing platforms have a duty of care to proactively monitor for harmful content, act expeditiously to remove content which is flagged to them as illegal.
Partnership brings AI maths tutor to NZ schools
“AMY can understand why students make a mistake, and then teach them what they need straight away so they don't get stuck."
Polycom & Plantronics rebrand to Poly, a new UC powerhouse
The name change comes after last year’s Plantronics acquisition of Polycom, a deal that was worth US $2 billion.
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.