Wine innovation takes out this year’s Spark challenge

October 23, 2014

Wine Grenade has beaten a new search engine, a youth driving app and a medical advance for unborn babies to take out this year’s Spark $100k Challenge at the University of Auckland’s Business School.

Wine Grenade is a simple and cost effective tool to help small and medium sized winemakers produce higher quality reds through micro oxygenation. The concept has been developed by a group commerce students, who will now receive $25,000 in seed capital and six months’ icehouse incubation.

According to Spark CEO, Alina Varoy, this year’s entries provided the toughest competition since Spark began in 2003.

“We had 63 entrants and 13 finalists that brought together undergraduates, postgraduates and staff across a range of faculties,” said Ms Varoy.

“Over recent months, the finalists have received extensive training and mentoring from entrepreneurs, investors, business people and experts in their field.”

Second place went to the Future Insights team, who developed a search engine which explains 80% of data in one click; and third place to Back Pocket Driver for an app that tracks youth driving and encourages improved behaviour.

The UniServices Research Commercialisation Prize went to BabyAware for a method of monitoring foetal brain activity to identify injury to the brain before or during birth.

According to Robert Spano, Chief Executive Officer at Alleasing, the entrepreneurial spirit that was displayed by all participants and mentors highlights the reason why Alleasing signed on to sponsor this program.

“Spark is an exceptional initiative, which supports and inspires entrepreneurs across a diverse range of disciplines, including business, engineering, medicine, science, law and the arts,” said Mr Spano.

“The Spark Challenge has been an invaluable experience for everyone that participated, particularly the finalists and winners of various prizes who have gained access to outside experts to further their projects.

“We are delighted to be playing a role in helping to create the next generation of entrepreneurs.”

 

Alleasing is pleased to sponsor Spark, an entrepreneurial-development program and business planning competition run by The University of Auckland’s Business School.

Blockchain, bitcoin and asset finance: what is the potential? Industry

Blockchain and bitcoin have been described as a solution of sorts for financial markets. As popularity grows for the digital currency and platform, will brokers need to adapt and start to make changes to their business model?

Read full story

Solar Power – a new opportunity for local councils Industry

Many business owners and members of the community wanted to access Wi-Fi when visiting local cafes and eateries, but until recently, didn’t have access. Find out how one council used solar power to run a public Wi-Fi network.

Read full story

How can we help you?

Tell us a little about your business so we can help you find what you need.
If you’d prefer to speak to an expert you can call us on 1300 134 214.

  • If you'd prefer to call our team, you can reach them on 1300 134 214.