Pitch & Pizza

Great information, Great fun, Free Pizza

This is a great NEW event for startups who are looking for investment in the next six months. It’s a stepping stone between start up phase and pitching to investors. The format will be three pitches with a relaxed “dragons den” with panellists from the Canterbury innovation ecosystem, followed by a panel discussion Q&A on what is an investible pitch.

Limited seating – secure your spot here.

Who should be there?

  • Startups that will be seeking investment.
  • Anyone wanting to get a better understanding of fund raising.
  • Investors looking for future investments.

Want to pitch?

Email Gabby
or call Gerald on 021 37 35 38

 

 

Filed under: Events

Christchurch-based Invert Robotics raises $6.4 million, eyes European expansion

Christchurch-based robot maker Invert Robotics raised more than $6 million from private investors as it expands into Europe and branches out into other sectors.

The company first raised $740,000 through crowdfunding platform Equitise in May 2016 and has now raised $6.4m from private investors from Australia and New Zealand, including former Macquarie Group chief Allan Moss.

Powerhouse Ventures is still the robot maker’s biggest shareholder, with 23 per cent of the company, according to Companies Office filings. The New Zealand Venture Investment Fund (NZVIF) is the second largest with 14.5 per cent followed by Guildford Investments with 5.3 per cent.

The company produces mobile climbing robots with video feeds that can inspect industrial tanks without causing damage.

Australasian dairy groups Fonterra Cooperative Group, Synlait Milk and Murray Goldburn and a number of global food and beverage brands use the robots, which have attracted interest from the food and beverage manufacturing industry in Europe and Asia such as FrieslandCampina and Heineken, the company said.

Invert Robotics said it expects revenue to quadruple in the current financial year, with significant contributions from European operations.

Revenue was less than $1m as at June 30, 2017, according to Powerhouse’s website. It is about to open premises in Germany and Denmark and has already opened in the Netherlands.

See full article here.

Filed under: Uncategorized

UCE EY Summer Startup Programme Final Showcase

Dr. Rachel Wright and the UC Centre for Entrepreneurship team invites you to attend our Summer Startup Presentation evening on Thursday the 8th of February 2018 at the Central Lecture Theatres, University of Canterbury,

Join us as our top ten students from the 2017/18 Summer Startup Programme pitch their ventures to a panel of judges from the local business community.

Schedule:

6:00pm Doors open
6:30pm Presentations begin
7:45pm Networking with drinks and nibbles provided

The Summer Startup Programme:

This is the Centre for Entrepreneurship’s fifth summer startup programme, providing students with the opportunity to dedicate 10 weeks to their business or social venture. Students are surrounded by the structure of a full programme including external guest speakers, mentors, and industry experts. We have a fantastic cohort of more than 30 students; here is a link introducing the students and their ventures.

Register here.

Filed under: Uncategorized

Coffee and Jam #238

WHERE: Greenhouse146, Lichfield St

WHEN: Tuesday, 23 January 2018

TIME: 12:30pm – 1:30pm

This week, Steven and Kris from Parry Field Lawyers are going to tell you why the DEVIL really is in the DETAIL when you’re a start-up. Join us for a few startup horror stories, some “save your bacon” learnings and an intro to Parry Field’s Startup Legal Toolkit. We’ll also be handing the mic over to 2 brilliant young entrepreneurs from the UC Centre for Entrepreneurship. If you’re an investor or just keen to know how your world’s going to be changing, these pitches are a great place to start. See you there!

Steven Moe / Senior Associate 
Steven returned to NZ two years ago after 11 years working in Tokyo, London and Sydney.  He now works often with start-ups on getting their structures right and has a particular interest in social enterprises having published the book “Social Enterprises in New Zealand: A Legal Handbook” last year.

Kris Morrison / Partner-Parry Field Lawyers
Kris leads the corporate, technology and startup advisory team, and regularly advises on business structuring, acquisitions, and much more for a number of not for profits, charities and Social Enterprises. He is also a Board Member of Code Club Aotearoa.

UCE Speakers

Jess Scarsbrook and Jacyntha Michael are pitching Aspirations Café, a social venture providing a practical pathway to employment for young people with intellectual disabilities.
Jack Wood will be pitching The Dandy Club, a men’s clothing venture dedicated to using only the most sustainable and innovative materials.

Filed under: Uncategorized

Innovation Why we need to get out there and flaunt our Kiwi innovation

There is a paradox in the notion of Kiwi ingenuity that lies in a disparity between our ability to invent and to implement. There appears to be no shortage of ideas in this country of ours, but there is a significant paucity of those ideas being brought to scale on a global level.

We New Zealanders are an inventive lot. This is reflected in our ranking in a number of different indexes. For example, in The Global Creativity Index 2011, we rank sixth and in the 2012 Economist Intelligence Unit Creative Productivity Index, that analyses creativity and innovation in Asia, we again rank sixth.

However, in The Global Innovation Index 2014 report, while New Zealand ranks eighth for local patents, we only come in at number 19 for filing overseas applications. Business analyst Alan Main suggests this failure matters: New Zealand has a 22% conversion rate of local to international patents, compared to Singapore, where the number is 81%, Finland, 58%, and Denmark’s and Ireland’s 42%.

See full article here.

Filed under: Uncategorized

NZ dropped four places out of the top 20 countries for innovation this year

Score another one for Seoul while Silicon Valley slides.

The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled. South Korea and Sweden retained their No. 1 and No. 2 rankings.
The index scores countries using seven criteria, including research and development spending and concentration of high-tech public companies.
Filed under: Uncategorized

Tech talk seminar : Protecting your business information

Join Lane Neave and Secure Strategy for a seminar on helping you understand the cyber security landscape and potential cyber security threats that face your business.

Cyber security attacks are more prevalent than you might think and breaches often have financial and reputational consequences. Do you know what you can do to reduce the likelihood of a successful attack? How do you show clients that you have a plan if you suffer a successful attack? Graeme Crombie and Maria Pozza from Lane Neave join Simon Thomas of Secure Strategy to discuss:

  • Common attacks used by cyber criminals
  • Tips to better protect your business
  • What a good prevention strategy looks like
  • Key elements in a response plan

This seminar is a must for owners/directors, senior managers, risk managers, IT managers and in-house legal counsel.

When: 4:30pm – 6:30pm, Thursday 19th October (drinks and light refreshments on arrival)

Where: Lane Neave, 141 Cambridge Tce, Christchurch

RSVP: email communications@laneneave.co.nz to register

 

Filed under: Events

Snowball Effect 3 year update

AANZ member, Snowball Effect has recently released a three year update on the performance of their platform. It contains a wealth of fascinating insight and is really transparent about the money raised and the profile of their investors. It’s a timely provocation to all our members. This sort of data is critical to raising the profile, performance and reputation of early stage investment as an asset class worthy of attention.

Snowball Effect 3 year update

Over its first three years of operation, Snowball Effect has raised $29 million across 35 offers. 25 of these offers were made available publicly and 10 were made available privately. The public offers generated $23.1 million in investment and the private offers generated $6.1 million. The private offers are now the fastest growing part of the Snowball Effect marketplace.

Capital raised
The capital being raised in each offer is significant relative to the rest of the industry in NZ, with eight offers reaching over $1 million raised and the average public offer reaching $923k. This compares to a market average for public offers on other platforms of just $371k. Large public offers like Zeffer and Designer Wardrobe are attracting significant numbers of investors. The average number of investors into a public offer was 142 people and 14 offers have received investment from over 100 investors.

Investment sizes
There have been 3,935 investments made through Snowball Effect. The largest portion of the amount invested came from investments in the $10k to $50k range, with $8.9 million worth of investments from this range. The largest single investment was $1.25 million and 632 investments were over $10k. At the smaller end of the scale, the largest number of investments was in the $1k and $5k range, with 2,162 investments in this range.

Investor behaviour
The platform now has an audience of 15,509 of whom 2,413 have made an investment. So far, 27% have made more than one investment and 7.5% have made four or more investments. 17 people have invested in more than 10 offers and the most active investor has invested in 25 offers.

Investor demographics
The average age is 45, the youngest investor is 18, and the oldest investor is 88. So far, 24% of active investors on the platform are female, which compares to a national average in 2005 of 5% for angel investor networks in 2012 (according to the Angel Association of NZ).

Wholesale investors
There are 896 wholesale investors registered on the platform. Wholesale investors are eligible to receive a wider range of investment offers because of their net-worth, experience with private investments, or financial sophistication. The average investment into a private offer is $35k and there are 48 investors who have invested over $100k.

Additional services
Snowball Effect launched the first public offer using the equity crowdfunding rules in New Zealand. In company’s second year, it introduced a private offer service and added a nominee service that lets companies manage multiple investors through a single legal entity. This year it introduced an investor profile that lets investors control what types of private offers they get access to and a director matching service that helps companies find independent or non-executive directors. 80 people have completed their independent director profile. Snowball Effect has also introduced a share registry management service which is currently tracking the shareholding of 468 investors.

A high-res version of the 3 year infographic is available to view here.

A pdf version of the infographic is available for download here.

 

 

 

 

 

 

 

 

 

Filed under: News

Canterbury Angels’ Board Member Paul Claridge in Avenues

What is it like to give and receive a helping hand in business?

After philanthropist Mark Dunajtschik donated $50 million to build a children’s hospital in Wellington, we went looking for Christchurch’s angels and found the city has an army of them.

SUE SKEET AND PAUL CLARIDGE – CANTERBURY ANGELS.

Sue Skeet, founder of memorial website A Memory Tree, and database app NoticeMATCH, which records information about deaths in New Zealand.

I launched A Memory Tree in 2009 and from that, NoticeMATCH was born. But in the early days of NoticeMATCH, I was badly affected by the Christchurch earthquakes. I lost homes in both quakes. I knew three people who passed away. It was eight hours before I knew if my daughter was alive. It was just too much. I moved to Timaru and had a bit of a hiatus from building my business.

After taking part in a Lightning Lab business acceleration programme last year, I presented NoticeMATCH to the Canterbury Angels and there was a lot of interest. They did some due diligence – they are angels, but they are investors. It has to be a solid business proposition.

The due diligence process was a lot of work and it wasn’t just a case of them choosing me; it was me choosing them, as well. I had to ensure these were the kind of people I could work with. They’re not only investing in you financially; they’re investing with their skills, knowledge and connections. Paul is just incredible. He is so hands-on and he’s there to help and answer questions.

It’s a very lonely road being an entrepreneur. The success rate is so low because people start with a hiss and roar and then fail. It requires grit, and grit over a long time, and consistency. They’ve invested some funds that have enabled me to focus on my business 100 per cent – that’s really been the biggest thing.

The angels come with a lot more than investment. It’s a business relationship, but it’s also very supportive. Paul and I really get on. As an entrepreneur, you can get tunnel vision, so it’s really good to have someone to say, “you’ve really got to focus on this now, and just put that other thing to one side”.

Paul Claridge, a member of the Canterbury Angels, is Sue’s lead investor and business mentor.

I joined the Canterbury Angels about 18 months ago. They’re a group of people who are very experienced in business and are really interested in helping young companies. A large number of start-up companies don’t succeed, and often because they don’t get the right advice, or maybe their idea isn’t that flash. Canterbury Angels is part of an eco-system at the very early stage and there’s a lot of other players as well, like the Canterbury University Centre for Entrepreneurship.

All of the Canterbury Angels have day jobs, and this is an interest and a hobby for lots of the angels. I’ve got a background in senior roles in a wide range of businesses in different sectors so, like other angels, we’ve learnt a lot and we are applying some of that knowledge and experience to companies that are forming and starting to grow. I think that probably takes some of the pain and suffering away from them in a sense. I do it because it’s really interesting and I enjoy helping people grow companies.

It can be pretty lonely for a founder or an entrepreneur, and to have some support from experienced people is almost more valuable than any investment. I’ve been working with Sue for close to a year. I’m one of five or six angels that have invested in Sue’s company and I happen to represent that group – we call that the lead investor.

I work one-on-one with Sue, but I’m representing the group. There are about 50 members in Canterbury Angels, some more active than others. Canterbury Angels has been going for a couple years. It takes about five to 10 years for a business to grow from a little seedling into something bigger. As I said, it can be lonely and tough when you’re trying to build a business.

*Canterbury Angel Investors is the Canterbury region’s angel investment network. The group helps young companies gain the investment they need to grow, while generating returns for investors. 

See full article here.

Filed under: Uncategorized

Angel 101 with Ken Erskine

In an interactive couple of hours experienced angel Ken Erskine will cover the introductory basics of angel investing. This session is not so much a training course, more an awareness raising session, ensuring you know what you don’t know and providing you with a raft of resources and touch points for the answers. Followed by time with Ken discussing content and networking.

When: Tuesday 19th September
Time: 2:30pm
Where: TBC

Register here.

It will cover:

  • Angel investing in New Zealand
  • What’s your motivation
  • What should you look for in an investment
  • How does it work
  • The Jargon
  • Government support
  • Tales from the real world; The Good, the bad and the ugly
  • Plan for success…
  • How Canterbury Angels as your angel club specifically works
  • Q&A

Afterwards, we have our investor evening so please register here separately for this.

Filed under: Events