Didymo, cannabis and te reo: Māori entrepreneurs redefine ‘business success’

05 Jul 2018

New Zealand’s first business accelerator for Māori entrepreneurs has finished, and its graduates have goals much wider than just making profits.

 

The ventures range from:

·       medicinal cannabis; to

·       a digital tool for millennials to learn te reo Māori; and

·       technology that can turn didymo into paper and plastic.

 

While many of us have just been trying to stay warm this winter, some of our country’s most promising Māori entrepreneurs have been dreaming up ways to make Aotearoa a better place.

Twenty entrepreneurs from around New Zealand have been working alongside each other for the past four months on 10 ventures as part of Kōkiri, the first business accelerator programme focused on speeding up the development and representation of Māori founders.

 

The ventures range from medicinal cannabis, to a digital tool for millennials to learn te reo Māori, and technology that can turn the invasive algae didymo into paper and plastic.

And, in its first year, the government-backed accelerator has finished with more than half of the companies on the programme attracting investment.

Kōkiri programme director Ian Musson says he is “thrilled” with the result.

Māori entrepreneurs have long been looking for ways to create socially sustainable businesses – and Kōkiri has helped them do exactly that.”

Musson says the first-of-its-kind accelerator is redefining how entrepreneurs traditionally view success.

“Kōkiri is not just about attracting investment or growing a business to a point where it can be sold for a profit.

“For our Māori founders, success can also mean nurturing a sustainable business, solving social problems, bringing income into a community or employing local people,” says Musson.

 

Take, for instance, young entrepreneur Logan Williams.

In 2016, the 22-year-old from Timaru noticed didymo growing in the waters of the Tekapo River, and since then has sought to find a solution.

“Initially it was just about cleaning up our waterways, but then I realised there was a business opportunity beneath the surface,” he says.

“I started experimenting with didymo and, after several years of research and development, found it can be used to create biodegradable plastics and fabrics.”

The innovative idea earned the University of Canterbury student a spot on Kōkiri, making Williams the youngest entrepreneur to have participated in the programme.

Williams is also known for his Polar Optics invention – contact lenses that help sufferers of photosensitive epilepsy – and was one of the 10 shortlisted nominees for the 2018 Young New Zealander of the Year Award.

Kōkiri is funded through the Māori Innovation Fund He kai kei aku ringa and is run by Te Wānanga o Aotearoa in partnership with Callaghan Innovation and Creative HQ. It provides start-ups with business mentoring, initial funding and connections to potential investors during the Waikato-based programme.

 

Mr Musson says Kōkiri has been specifically designed to recognise Māori have strong links to place, which has been a barrier to their participation in mainstream accelerators.

“Instead of being based full-time at Te Wānanga o Aotearoa, the local entrepreneurs have remained in their regions and travelled in once a month for intensive on-site sessions.

“That way they can carry on their whānau responsibilities,” he says.

After 16 weeks of participating in the accelerator, the Kōkiri entrepreneurs pitched their ideas at a “showcase event” in Auckland last month in the hope of attracting funding.

Five companies secured investment with the remaining waiting for deals to close.

Te Wānanga o Aotearoa innovation development group director Aisha Ross says there was an “overwhelming amount” of positive feedback to the various ventures and the [showcase] evening itself.

“This related to the growth and development of the ventures, the execution of the event, the Kōkiri Business Accelerator kaupapa, Te Wānanga o Aotearoa and its partner organisations,” says Mr Ross.

 

The showcase, which was held at Air New Zealand’s headquarters on June 15, attracted more than 120 guests – including Callaghan Innovation chief executive officer Vic Crone and New Zealand First deputy leader Fletcher Tabuteau – and marked the culmination of the start-ups’ four-month participation in the accelerator programme.

Mr Musson hopes that, as this first round of Kōkiri was successful, Callaghan Innovation and others will commit to funding a second programme later this year.

“We’ve tried to make that inevitable,” he says.

The Kōkiri programme also has support from MYOB, Air New Zealand, Spark, and more.

 

MYOB general manager Carolyn Luey says the company is delighted to team up with Kōkiri to help Māori entrepreneurs get market and investment-ready.

“Aotearoa has shown its ability to grow start-ups that can foot it with the world’s best, but the challenge is ensuring our local entrepreneurs can build on that success.

“We see Kōkiri improving the breadth of our country’s start-up sector at the same time as supporting Māori-based businesses and entrepreneurs to scale up.

“The programme introduces more Māori worldviews into our start-up communities and give Māori-based businesses the tools they need to succeed.”

Ms Luey says while it is difficult to measure the total economic contribution of start-ups to New Zealand, the opportunities they provide in terms of diversification, employment and long-term global potential make them a vital part of our local economy.

“Our nation has no shortage of ideas – and entrepreneurial people with the potential to make them really successful.

“There is an opportunity to introduce more Māori worldviews into our start-up communities and give Māori-based businesses the tools they need to succeed.

“However, we need to keep developing the conditions that nurture and develop the start-ups coming through, and couple those ventures with frameworks, like Kōkiri, that can help turn a good idea into a great business,” she says.

Last year, more than 100 budding entrepreneurs across New Zealand applied to take part in the programme, with just 10 businesses making the cut.

 

Kōkiri business accelerator – class of 2018

Moving Pros (Tauranga, Auckland)

A company that makes it easy to compare multiple moving quotes from one place.

SeeCom (Hamilton)

Prototyping the world’s first digital Interactive Sign Language Game, a virtual game-based experience of learning sign language through means of interaction and movements in front of digital screens.

Biome (Christchurch)

Turns didymo, the pest algae, into a range of practical materials. These high-quality materials are produced sustainably and strive to improve the New Zealand environment.

Origins (Whangarei, Auckland)

A cloud-based platform that provides complete visibility of the of the food and authentic products supply chain from supplier to end consumer.

Papa Taiao Earthcare (Wellington)

Papa Taiao works with rangatahi across Aotearoa and across Iwi to guide them into a life focused on social, ecological, economic and cultural regeneration through enterprise in rural and urban communities.

The Realness (Auckland)

The new way to find owner-operated providers across multiple sectors without having to rely on review sites, advertising platforms, opinion sites, magazines and mainstream media.

Arataki (Tauranga)

A mobile app that enables users to receive information about sites of cultural significance using a custom mobile application and proximity technology.

MyReo (Huntly)

Providing millennials with the digital tools and resources they need to learn, practice and grow in te reo Māori.

Hikurangi Enterprises (Ruatoria)

Creating sustainable futures for the East Coast of New Zealand through the development of a regional business growth hub to support their mission of a healthy and wealthy whanau and whenua.

Akudos (Whangarei, Auckland)

Making people feel valued through a cloud-based awards management system designed to streamline the awards process from beginning to end.

-ends-

Kokiri

For further comment or other information, please contact:

Luke Chivers, MYOB NZ public relations consultant
M: +64 27-569-8907 / E: luke.chivers@myob.com

About MYOB

MYOB (ASX: MYO) is a leading cloud-based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally.  For more information, visit myob.co.nz or follow @MYOB on Twitter.