The seven finalists had each pre‐recorded a five‐minute pitch with the aim of convincing the judges that theirs was the best idea and to take home the $5000 prize, plus entry into The Factory's accelerator programme, and the opportunity to pitch to the Manawatū Investment Group of angel investors.
The Factory chief executive Dave Craig says it is humbling to watch people grow through a programme.
"Every year we are blown away by the quality of the ideas but more so the people behind the ideas. Our 10th year was a bit different [due to Covid-19], but the end result was exactly the same – seven businesses that have a stable platform to continue to grow. And for me personally, that is what Innovate is all about."
The Innovate process provided the direction, guidance, and support to deep‐dive into the problem definition and validation stages, fast‐tracking Reachible's proof‐of‐concept and enabling O'Connor to secure her first customer, GlobalHQ.
"Dave and the team at The Factory have a wealth of knowledge and connections that are second‐to‐none. The Innovate programme has given me, and the other finalists, such a strong foundation to grow our businesses and I recommend it to anyone who has an idea that solves a problem."
O'Connor has some advice for budding entrepreneurs. "If you have the spark of an idea, some creativity, and a tonne of passion, then just give it a go. It really is an adventure not to be missed."
The inaugural winner of the Innovate Social Enterprise Award was Peter McLean with Pete's Disabled Tours. The judges felt McLean's business offered a compelling proposition that all corporates and socially minded entities in Manawatū should get behind and that his programme will definitely change people's lives.
The judges for Innovate 2021 were Max Thompson from Callahan Innovation; Britta Fromow, a consultant with James & Wells IP; Tim Myers, chief executive of Norwood; and Simon Barnett, founder of Obo.