The Product Accelerator will be a lot like the very successful Lightning Lab digital accelerator programme that launched in Wellington just last year, and is now going into its second round. In fact, LL are good mates and we’ll be collaborating wherever the opportunity arises.We’ll invite teams and individuals with clever ideas for connected gadgets to pitch, Dragons Den style. Successful teams will get a wedge of cash to get them going, and 30 weeks in a great environment all set up for product development, including rapid prototyping machines. They’ll get great mentorship and input from a bunch of really clever product engineers and industrial designer types, from the BizDojo and even an international guest or two.
At the end, teams will pitch their products to a big audience of potential investors from across NZ… and hopefully even a few from abroad. If they fly, well who knows, they could end up like Nest… who Google just snapped up for a cool $3.2 billion in cash. Now that would be a good outcome for NZ, Inc… and the clever inventors!