Even the most inspirational ideas need nurturing. Business incubators can hatch your ideas into fully fledged commercial products and services, and teach you the key steps to success.
If you’re an entrepreneur with a great idea or product you want to turn into a business, there’s a range of expert support available to you. Auckland Tourism, Events and Economic Development (ATEED) can help you access it and connect you with the right people. Contact us
The following Auckland incubators are supported by Callaghan Innovation.
- PowerHouse (Auckland, Wellington, Christchurch, Dunedin)
- Astrolab (Auckland)
For other incubators, visit innovationcouncil.org.nz.
Once you’ve developed new or improved products and services through research and development (R&D), your next step is to commercialise.
Support for commercialisation is also available from Auckland’s network of business incubators to assist with commercialisation.
A great idea needs six things to have any chance of commercialisation and success:
- A validated solution to a problem and high level of uniqueness
- A go-to person who can deliver it
- A go-to person who can sell it
- A governance person who can manage it
- Cash to fund R&D, protect and commercialise the IP (intellectual property)
- A well defined pathway to market
Innovation events and programmes
Lightning Lab, in partnership with The Icehouse, ran its first Auckland-based programme at GridAKL in March 2015. Look out for the 2016 Auckland event.
Lightning Lab provides seed investment and intensive mentoring for teams of start-up entrepreneurs and pushes them to make their business idea fly within three months. At the end of the 12-week programme, companies pitch to investors and potential market partners during Demo Day.