A new generation of start-up founders have been released into the world with the completion of the University of
Auckland’s 2021 Velocity entrepreneurship development programme.
Winners of its business planning competition, the Velocity $100k Challenge, were announced via an online grand final
event. The guest speaker for the evening was Sir Ian Taylor (Ngāti Kahungunu), founder of leading computer graphics
production house Animation Research Ltd, 2019 New Zealand Innovator of the Year, and 2020 Deloitte 200 Visionary Leader
of the Year.
The Velocity $100k Challenge is New Zealand’s leading student-led entrepreneurship competition, supported by the
University of Auckland Business School’s Centre for Innovation and Entrepreneurship (CIE). Now in its 18th year,
Velocity has ignited more than 164 ventures, created 950 jobs and Velocity ventures have raised more than $306 million
in capital.
From 90 initial entries, 15 teams were selected to continue and given the privilege to participate in Velocity’s
LaunchPad entrepreneurship professional development programme where they received mentorship and finalised their
business plan and pitch to compete for five ultimate prizes. Each winner receives a share of the $100,000 prize pool,
including sponsorship of a place in the University of Auckland’s six month VentureLab incubator, which will begin in
February.
CIE Director Darsel Keane says “Velocity is an internationally renowned programme and past participants of Velocity and
VentureLab have described it as life-changing. It can also be world-changing. We’ve seen past brilliant student and
staff participants develop ground-breaking solutions in EdTech, AgTech, MedTech, social entrepreneurship and more.
Velocity isn’t just about the winners though. Many thriving ventures have been developed by past Velocity participants
who did not place in the finals, or participants have taken the entrepreneurial mindset they have developed and built
careers leading innovation in existing industries. We hope all our Velocity participants will take the energy, courage
and insight they have demonstrated while at university to pursue whatever makes them happiest in life”.2021 Velocity $100k Challenge winners
RisosEnterprises - Waterborne E. coli testing is a monumental effort, prohibitively expensive and takes days to yield results. Eighty
percent of New Zealanders are not only unhappy with environmental water but especially with their drinking water.
RisosEnterprises is working on technology that is much faster and more accurate than any existing water testing
instrumentation to date. This cuts down testing costs and reaction times to enable widespread testing and effective
countermeasures. RisosEnterprises are creating the Waicorder (TM), a star-trek inspired water tricorder that everyone
can use to sense water quality anywhere, anytime. Communities will benefit from a healthier environment and drinkable
water, while private industry cuts down on production losses, especially beverage manufacturers.
PrintGig - PrintGig is passionate about creating a world where 3D printing is integrated into everyone’s daily lives and makers
can make money doing what they love. PrintGig will achieve this by connecting experienced freelancers with consumers who
want easily accessible and affordable 3D printing services.
Fistbump - Fistbump is a friendship service designed to help users meet like-minded people, hang out and make genuine friends.
So far, Fistbump has over 300 users and has helped establish over 80 friendships (in just two small launches). Fistbump
is a purely platonic app that matches people based on interests and personality. Users can match and chat anonymously
and decide if they want to be friends. Fistbump is now expanding into coffee hangouts, events, and gamification.
Supercarbon - Supercarbon is a ground-breaking technology with sustained antimicrobial and antiviral properties and multiple
applications, including electroceutical wound dressings, antiviral and antibacterial face masks, anti-pathogen air
filters, and anti-aging beauty facial devices. Supercarbon’s lead product, the HealectricCarbon wound dressing, uses
microcurrents to accelerate healing in chronic and acute wounds and prevent infection. It can significantly improve
patient outcomes whilst markedly decreasing healthcare costs.
Delta Waterways - Delta Waterways’ product, driven by the latest in satellite imaging and machine learning technology, significantly
enhances the frequency, resolution, coverage, and accessibility of environmental monitoring data. It represents a
radical paradigm shift in the monitoring of freshwater and enables a much better understanding of environmental
degradation, informing policy, and driving positive change.