Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search

 


Dare to Dream

Dare to Dream

By Jamie Neikrie

In Silicon Valley, accelerator programs are the best thing going. In a town built on ingenuity and multi-million dollar ideas, they may be the most fool proof business idea yet.


Basically, young tech experts and start-ups apply to an accelerator program. If accepted, they will spend weeks with experts at the program, perfecting their technology and honing their message. It all comes down to Demonstration Day, Silicon Valley’s version of the NBA Draft. Investors and entrepreneurs, the biggest names in the tech industry, turn up to see the best talent coming out of the accelerator programs, looking for the next Facebook or Twitter.


While the start-ups can find high profile investors, and the investors stand to make a fortune off the Next Big Thing, the biggest winner of the day is the accelerator program, who, as a fee for their advise and expertise, now owns stock in every one of the start-ups. If just one of the companies from Demonstration Day makes it big, the accelerator program has more than recouped their expenses.


Accelerator programs are a great business idea, but what if they could also be a great social idea? This is the thought that Guy Ryan, Charlotte Hayes, and Ants Cabraal had when they created Live the Dream, an accelerator program for social enterprises looking to create a better New Zealand.


Last Wednesday was the big day. After months of planning, Live the Dream sponsored seven teams, billed as the next generation of social entrepreneurs. This was the cream of the crop, the seven best ideas from a rigorous application process. The companies ranged from Social Lab, which seeks to build a community around reusable wood waste, to Rate My Flat, which uses an online database of ratings, comments, and insider knowledge from previous tenants to improve flat hunting and the housing system in New Zealand.


Each company gave a short presentation on their program in the hopes of attracting investors, partners, and volunteers. Many of the programs focused their attention on youth, using social media and community events to promote a cause. While none of these companies were expressly non-profit, every presentation made it clear that their goal was to better society and New Zealand, not to make money.


While every company impressed with its energy, enthusiasm, and social consciousness, the best idea of the night was Live the Dream’s. By taking a well-tested investor platform and turning it into a marketplace for social betterment, Live the Dream has a winning formula on its hand. “I think it went great,” remarked Cabraal. “This is the first time we’ve ever done this so we hope to expand the size and opportunities.”


The next step for Live the Dream is another Demonstration Day in Auckland. But Wellington, riding a wave on ingenuity and social awareness right now, would do well to make Live the Dream a city mainstay. As the program grows, competition to enter the accelerator with intensify, making the companies to emerge on Demonstration Day that much better.


Cabraal, Hayes, and Ryan have long known they had a great idea on their hands. After attending, I’m sold too.


ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Flagging Enthusiasm: Gareth Morgan Announces Winner Of $20k Flag Competition

The winner of the Morgan Foundation’s $20,000 flag competition is “Wā kāinga / Home”, designed by Auckland based Studio Alexander. Economist and philanthropist Gareth Morgan set up the competition because he had strong views on what the flag should represent but he couldn’t draw one himself. More>>

ALSO:

Books: The Lawson Quins Tell Their Incredible Story

They could have been any family of six children – except that five of them were born at once. It will come as a shock to many older New Zealanders to realise that Saturday July 25 is the Lawson quintuplets’ 50th birthday. More>>

Scoop Review Of Books: Wartime Women

Coinciding as it does with the movie Imitation Game which focusses on Alan Turing breaking the Enigma code in Hut 6 at Bletchley Park (“BP”), this book is likely to attract a wide readership. It deserves to do so, as it illustrates that BP was very much more than Turing and his colleagues. More>>

Maori Language Commission: Te Wiki O Te Reo Māori 2015

The theme for Māori Language Week 27 July – 2 August 2015 is ‘Whāngaihia te Reo ki ngā Mātua’ ‘Nurture the language in parents’. It aims to encourage and support every day Māori language use for parents and caregivers with children” says Acting Chief Executive Tuehu Harris.. More>>

ALSO:

Live Music: Earl Sweatshirt Plays To Sold Out Bodega

The hyped sell-out crowd had already packed themselves as close as they could get to the stage before Earl came on. The smell of weed, sweat and beer filled Bodega – more debauched sauna than bar by this point. When he arrived on stage the screaming ... More>>

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Culture
Search Scoop  
 
 
Powered by Vodafone
NZ independent news