29/08/2023
About the Massey Innovation Prize
The π Massey Innovation Prize π is awarded by Massey Ventures Ltd to Massey University staff and students with π‘ innovative ideas π‘ that show commercial potential. Massey Ventures works with the shortlisted entries to refine their idea and develop an πΌ Investment Pitch. The finalists are invited to present their idea to a panel of judges. The expert judging panel will assess the finalists and select the idea they think has the π greatest commercial potential. π
The winner of the Massey Innovation Prize receives up to π° $50,000 seed investment. The prize is not a grant or free money. It is an πΌ investment toward achieving commercial outcomes πΌ which may include the sale or licensing of the idea, or the formation of a spin-out company. π
Access to follow-on investment is potentially available through Massey Ventures via the PreSeed Accelerator fund of up to π° $250,000 provided the project makes satisfactory progress. ππ
Massey Innovation Prize Process:
π
Entries Open
Submit your innovative entries here https://www.masseyventures.co.nz/mip
β³ September 3rd β Entries close at 11:59 PM
Submissions after this time may be ineligible.
π£ September 8th β Shortlisted entries are notified
π§ September 18th to 26th β 1-on-1 Workshops
Massey Ventures works individually with the shortlisted teams to refine their idea and develop an Investment Pitch.
π October 6th β Massey Innovation Prize Finals
Finalists present their idea at the Massey Innovation Prize finals to a panel of external judges.
πΌ The judges will assess ideas based on their commercial potential and select a winner for the coveted seed investment prize. π±π
Eligibility
ππ©βπ«π¨βπ« At the time of submission, at least one applicant must be employed at Massey University as academic or general staff or enrolled as a Massey University Student.
ππ₯ There is no limit on the number of applicants per application.
β¨π Applicants can submit multiple applications, providing that each idea is materially different.
π«πΌπ Applications relating to a technology that has already received investment from Massey Ventures Limited are not eligible to enter the MIP unless there is a materially different application or aspect presented.