Supporting early stage technology and commercialisation activities.
Open to AUT Staff
The Tech Jumpstart competition is a joint undertaking between AUT Enterprises Ltd (AUT Ventures) and Kiwinet Ltd* and is all about enticing AUT staff to commercialise their innovations.
We have 5 prizes valued at $10,000 to help turn great ideas into reality. The winner's of each prize will receive:
- Up to $5k cash to achieve proof-of-concept or begin technology development
- Commercialisation support to the value of $5k
- Assistance in gaining additional funding for continued development
Applications are open!
The competition is targeted particularly at AUT academic staff who are research active and allied staff developing new tools and services within the university.
- 15 June, Applications close
- 29 June, Winners announced
- 01 July, Projects start
- 30 November, Projects to be completed
- Any AUT staff member or team thereof can apply
- Technology ideas can be from any research disciple or service delivery area
- Technology ideas must have potential export market applications
- Successful applicants should be ready to begin projects from 1 July 2016
- Applications should be made in accordance with the current AUT Intellectual Property Rights Policy
- Applicants should not present the Intellectual Property of another party
Conditions of Award
- Commercialisation of the applicants’ ideas will be done through AUT Venturesand successful applicants will be required to work together with AUT Venture’s commercialisation team
- The award shall be administered by AUT Venturesin its sole discretion
- Successful applicants will require AUT Venture’s approval of the project budget before spending any funds
- Successful applicants accept that if their idea is found to not be viable later down the commercialisation track, AUT Venturesreserves the right to stop further funding/support though the applicant may continue on with further development
- Successful applicants will be expected to follow AUT Venturesguidelines on keeping commercially sensitive and valuable information confidential in so far as this is required to facilitate commercialisation.
AUT staff may undertake the work themselves or supervise students remunerated through casual contract or stipend. We encourage supervisors to have their students sign to a non-disclosure agreement (NDA). A typical $5,000 project budget would look to expense costs for staff/student time and materials and consumables. Capital items and conference attendance do not qualify for support.
*Kiwinet Ltd. is a national network of commercialisation offices in universities and Crown Research Institutes. Its mandate is to assist its members with commercialisation funding and capability.