Summary Of Idea

Fundamentally about changing NZ attitude as the driver of NZ’s future success. All about engraining “Give it a go bro” into our national DNA/ psyche.
Actions

• National/ international ad campaign
• Youth education programme
• Create working group

Take it to the world
Make Jan 2010 starting point, 365 days of ‘give it a go bro’
Registered domain name

How Will It Benefit

• Rive productivity
• Health & happiness
• Tourism
• National identity
• Kiwi pride

Can It Be Funded And Implemented

• Private sector led – supported by government
• 1 Jan 2010 but start now

What Is Needed To Win

• Led by private sector
• Support by government, all political
• parties

Summary Of Idea

“The change in travel thinking”

www.thegreatestlittleholidayintheword.co.nz

In order to boost both tourism and education, the person to visit New Zealand from any Air NZ flight departure point in the world, subject to buying a $10,000 Air NZ special edition Visa debit card, which can only be spent on goods & services within NZ.

How Will It Benefit

• Additional revenue into the NZ economy, from tourism
• Leverage an existing, massive infrastructure
• Media headlines
• Classic “private/ public” partnership
• $1.2billion (gst of estimated $133m)

Can It Be Funded AndImplemented

• $10,000 up front
• Government receives 1/9
• Government uses GST for air-ticket from Air-NZ

What Is Needed To Win

• Establish resources
• Championing partners
• Air NZ
• TNZ
• PR Advisors
• Bank/ financial services
• Address critical issues

Summary Of Idea

Poisoning / harvesting of pests for economic benefit
Harnessing 70m Possums for economic benefit

How Will It Benefit

• Export earning
• Employment for low skilled workers
• Enhancing in keeping with clean green image
• Demand for fur fulfilled
• Improved environment (RE:1080)
  • Regeneration of Forest
  • Native Animals & Bird saved

Can It Be Funded And Implemented

• Funding from 1080 prog into harvesting (as a bounty)
• Self-funding once industry is established
• Demand for Fur - Ready made Market

What Is Needed To Win

• Education for trappers (skins) and training for potential trappers
• Reallocation of Funds (80m on 1080) into ‘Bounty’s’ for Trappers
• 1080 banned in 90 countries around the world
  • Can kill other native animals
  • Lobbyist group “anti 1080”
• Possum Advisory Board
• Govt Support for Industry restructure,
  • Financial research evidence

Summary Of Idea

Creating a fund to attract investors with a view of funding the “growth phase” of exciting NZ business opportunities.
i.e. This is not a seed capital fund but is for the GROWTH PHASE

How Will It Benefit

For the IP

• Provide funding for growth business opportunities
• Seeks to protect the initators IP
• Provides business mentoring
• Creates a vehicle for all NZ’ers to invest in NZ Growth
• Ensures / Creates NZ employment opportunities

For investors

• Share in growth / profitability
• Supports NZ’ers

Can It Be Funded And Implemented

• Target $50m start year 1
• Grow to $1b over time (10yrs)
• Subscribe from retail investors, plus high net worth individuals
• Opportunity for Bill English to seek Govt Investment

What Is Needed To Win

• Technology platform
• Create competent board / controllers
• Start up fund base ($50m)
• Tax incentive for Investors // Taxable on return
• Shit Hot Endorsements

Background

• This is the most important outcome of summit
• $760m R&D (0.8) – 3% GDP
• Waste – fragment, wrong people, held out of market, but we have great ideas & great people

The Idea

• Make IP available to entrepreneurs & commercial users
• To generate value

Value

• Billions
• Economic value – jobs – retention – drive
• Offshore investment – unleash new business opportunities
• Implementation - Immediate

What Is Needed To Win

• Focus
• Stocktake of IP
• Comparative Advantage
• Create funding structure
• Collaboration enabled e.g clean green
• Stimulate private sector investment

Success= Benchmark & play globally

Capitalise opportunities

Summary Of Idea

True stories of a nation

• Experience the stories of (NZ) as you visit our land
• Connecting visitors with people and places through a handheld interactive web-enabled, voice operating device that tourists use to follow stories, events, history, battles & activities

How Will It Benefit

• Model for tourism that can be sold globally
• Competitive edge over other destinations in a world looking for meaning in adventure tourism
• Creates national cohesion, sense of cultural identity

Can It Be Funded And Implemented

• Subscribe & advertise
• Purchase the ‘Book’
• Lease to other nations

What Is Needed To Win

• Stories & someone to put the together
• Presenter
• Production schedule/plan
• Low capital outlay
• Technology partner

Summary Of Idea

World leaders in Value Add dairy food.
Value being –

1. Sustainable products
2. Higher value products such as cheeses and protein powder
3. Enhancing ‘Brand NZ’

How Will It Benefit

If we can increase NZ’s revenue from milk products by 50%, then GDP would be increased by 10-20% - a huge gain.

Can It Be Funded And Implemented

• Yes. Through a vehicle of private sector stakeholders to drive the initiative by identifying their common R&D needs and pool their investment towards these, with a mandate to allocate existing government R&D funding in this space.
• In conjunction with Dairy NZ
• Independent private sector governance
• Open to 3rd party provate investment
• Guided by market demand & future industry pressure
• Innovation as central driving model

What Is Needed To Win

• Strategy: Research – end user needs, farming, sustainability, product.
• Purpose: Eg inspiring food experiences.
• Vision: World leaders in Value Add Dairy Food.
• Structure: Independently-run pooled fund.
• People: Attract skills needed – R&D; Chefs.
• Leadership: Independent & Private Govt support.
• Culture: Consumerise it. Open to NZ public.

Summary Of Idea

‘A private public partnership ‘academy’ (‘Kauri Academy’) is established, to which successful individual companies which foresee high growth, can apply.

Like a sports academy, participants will be nurtured by experts to scale and maximise growth

How Will It Benefit

The academy will foster and accelerate growth in a variety of companies that wouldn’t have been possible in any other way.

Enable businesses to be smart about sharing resources of entrepreneurial success.

Aiming for more medallists, to use sporting analogy.

Can It Be Funded And Implemented

Yes. But will have to be a private and public partnership.

There are models in existence that could be adapted.

What Is Needed To Win

Development of appropriate carrots and sticks.

Private sector governance.

Agreement, open-mindedness from all parties already involved in this field.

Graduates from the program must become contributors.

Summary Of Idea

Working title sourceitnz.com - 24/7 online video enabled global tradeshow for NZ SME’s to get into exporting specialist products & services – for low cost – springboard to export

How Will It Benefit

It will energise & create a new export culture of grass roots NZ business.

It will help NZ SMEs to sell to wider markets without the huge cost of marketing and/or going to actual tradeshows overseas

Can It Be Funded And Implemented

It can be funded by the individual companies as the cost will be relatively very low.

It could also be funded by NZTE or other Trade Development entities by redirecting from other less effective programmes.

What Is Needed To Win

• Sponsored & VC interest
• To focus on actionable objectives, not long term feel good sentiments.
• Actions NOT words; Implemented NOW!

NEWS RELEASE

Issued by Communications Manager

Belinda Nash

Ph 64-9-921 9911

Tuesday, May 5, 2009

Power pair Sharon Hunter and Tenby Powell will chair New Zealand’s bold ideas brainstorm, The Entrepreneurial Summit being held on May 21 at the Ellerslie Event Centre in Auckland.

Deputy Prime Minister Hon. Bill English will officially close the day and receive the top five to ten ideas.

The Entrepreneurial Summit is being sponsored by ANZ, PricewaterhouseCoopers, Bartercard New Zealand and the AUT Venture Fund. The Summit board seek gutsy ideas for ownership by all New Zealanders that could be implemented throughout the country at local, central government or community levels.

Final submissions close this week. Ideas can be sent to: ideas@entrepreneurialsummit.co.nz.

Husband and wife team, Hunter and Powell have founded a string of successful business enterprises and are the right people to lead the country’s most successful entrepreneurs in a business think tank, says event coordinator, Just Water International CEO Tony Falkenstein.

“Sharon and Tenby both bring career paths paved with success and their enthusiasm for New Zealand’s prosperous economic future was a key to their joint chairmanship,” he says.

Idea submissions will be judged on three criteria: ability to enable positive national and regional growth; to attract private sector funding; and to be implemented within 18 months. Ideas will be refined throughout the Summit with the top reworked ideas presented to the deputy prime minister at the close of day.

Powell says the Entrepreneurs’ Summit has a lofty vision, of getting New Zealand out of the bottom quartile of the OECD and seeking to take the country’s GDP from 0.01% to 0.02% of the global total. He adds that entrepreneurs are the right people to get us there.

“We’re wholly supportive of gathering a cluster of like-minded entrepreneurs,” he says.

“As entrepreneurs, business leaders and advisors, it’s our job to deliver tangible ideas to stimulate growth and productivity. This event is about achieving economic growth, it’s about a can-do attitude.

“The people involved can add some punch, graft small ideas onto bigger ideas, and bring their energy, pragmatism and sustainable value for the country. And we know we have a government who listens to business.”

The Summit team has received ideas from some of New Zealand’s strongest entrepreneurs. This includes individual businesspeople, in-house entrepreneurs from large organisations and from those at the helm of New Zealand SMEs.

Falkenstein says SME support is vital as they are a major force in New Zealand’s economy, in particular with their contribution to the country’s employment.

“They are nimble, able to react, and can initiate and drive ideas into more detailed plans and implementation,” he says.

“And they’re made up of passionate New Zealanders who can show up and bring their entrepreneurial spirit on the day and turn ideas into something real for the greater good of the whole country.”

Notes for Editors:

People who submit an expression of interest must be able to attend The Entrepreneurial Summit being held at the Ellerslie Event Centre in Auckland, or allow someone else to pitch their idea on their behalf.

For more information about The Entrepreneurial Summit, please go to: www.entrepreneurialsummit.co.nz

To register an expression of interest 300-word idea, please email: ideas@entrepreneurialsummit.co.nz and www.aut.ac.nz/corp/newsrelease/?665

For a map of Ellerslie Event Centre, go to: www.ellerslie.co.nz/functions/contactus/index.cfm

For more information about the AUT Venture Fund, please go to: www.aut.ac.nz/corp/newsrelease/?666

MEDIA CONTACT

For media interviews and/or attendance at The Entrepreneurial Summit, please contact:

Belinda Nash | Communications Manager | AUT University

Phone | +64 9 921 9911 | Mobile | +64 21 303 480

Email | belinda.nash@aut.ac.nz | Web | www.autuni.ac.nz | Web | www.aut.ac.nz/media