Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Soda Inc launches Regional Partner Initiative

Soda Inc launches Regional Partner Initiative

Successful Waikato-based business incubator SODA Inc. has launched a Regional Partner Initiative, which further expands its incubation model.

"As founders with good ideas and business growth advisors with the right experience can be found anywhere, our programmes can be run remotely," says SODA Operations Manager Rachel Adams. "This means our clients can be based anywhere in New Zealand and our advisors can be based anywhere in the world."

This flexibility in the delivery of the SODA programme presented an opportunity for the incubator to create a partnership with regional business hubs who will join forces to provide support for start-up projects in their area. Initial partners are in the Bay of Plenty, Hawkes Bay, and Gisborne.

"SODA has always worked with clients based all across New Zealand," says Adams. "But by partnering with regional hubs who know their regions better than anyone else means we can make more of an impact-especially in regions that don’t yet receive central govt funding for incubation services.’

Adams emphasises that the Regional Partner Initiative is not intended to take over what is already happening in the local start-up eco-systems: "We aim for SODA’s programmes to be another option on the menu, complementing the support that is already offered."

Response from business hubs in the region is enthusiastic. Jo Allum co-founder of Tauranga’s Venture Centre. "We’re pleased to partner with SODA to make the Lift and Boost founder-focused incubation programmes available to entrepreneurs across the Bay of Plenty," she says. "It’s an exciting time and a great next step in the evolution of both organisations."

Business Hawke’s Bay acting CEO, Carolyn Neville, also welcomes the new initiative and believes that the region’s start-up entrepreneurs will significantly benefit from the new partnership with SODA.

A key action in Matariki, the Hawke’s Bay Regional Economic Development Strategy, has been identified as establishing an incubator programme for the region, delivered through the Hawke’s Bay Business Hub.

"We’re excited to have the opportunity to partner with Soda, who have a proven programme for founders and access to world class advisors" says Ms Neville. "This is a valuable addition to the other support that is available and will enable qualifying founders with start-ups to build their capability and grow their companies."

The next step for our regional partners is to find the right founders who would benefit from such a programme and get them started.

The Government recently announced that SODA has secured funding for a further two years from Callaghan Innovation. This will allow it to run up to 32 customised programmes over the next two years for high-quality start-ups in need throughout the country.

SODA Inc. works with founders from all industry sectors as good ideas and opportunities can be found anywhere. SODA also runs a vibrant co-working space with over 30 commercial client companies housing over 80 people in Wintec House in the centre of Hamilton. Founders located in the Waikato can access these services as a benefit while in an incubation programme.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:

Economy: Funding For 85% Of NZ Not-For-Profit Entities Impacted By COVID-19

Results of a recent Institute of Directors poll show that 85% of board members on not-for-profit organisations say COVID-19 has moderately or significantly affected their funding. The ‘pulse check’ conducted in the first two weeks of July looked ... More>>

Volcano Detection: Eruption Alert System Would Have Given 16 Hours’ Warning At Whakaari

An alert system that could have given 16 hours’ warning of last year’s eruption at Whakaari/White Island is ready for deployment, University of Auckland scientists say, with warning systems for Ruapehu and Tongariro the next priority. ... More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO: