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Ministry of Awesome’s (MoA) vision to increase the density of New Zealand’s start-up community has actually caused the facility of a nationwide Startup Hub Network (NEST) in main Christchurch.
“History has shown us that one Rocket Lab can give birth to several new unicorns,” MoA president Graham Scown stated.
“That’s the ambition of a space like this, and programmes like ours. We’ve already seen huge successes, like Partly, come out of Ministry of Awesome.”
The goal was to offer start-up services much faster, simpler access to the area, neighborhood, mentoring, and networks that speed up the journey from concept to financial investment to export.
“We’re geographically challenged, and so when you look at those ecosystems around the world that have been so incredibly successful, there’s a real concentration, a geographical concentration,” Scown stated.
He stated entrepreneurial density in nations such as Denmark and Singapore indicated the essential assistance services were physically close, which was not the case in New Zealand.
“In New Zealand we’re a little bit cursed with people saying New Zealand’s a small country. It’s not a small country.”
He stated the geographical nature of New Zealand and the little quantities of cash offered to support creator business was “quite problematic.”
“One of the outcomes of this network is where some potential funding … comes up, we’re not all scrapping over it. We can look at it and go, ‘Hey, look! Actually, that’s way better for you guys to do it. Do you want a support letter? Do you want something? How can we support you?'”
NEST Christchurch, situated at 829 Colombo Street, intended to offer creators and business owners a single entrance to whatever support they required, no matter the focus of their business.
“One of the key components for me is that we are actively avoiding replicating or duplicating anything that already exists,” Scown stated.
NEST provided access to physical properties of work stations, conference room, occasion areas, tape-recording studios, in addition to facilities such as complete altering spaces and garage use.
It likewise used chances to start-up environment stakeholders to participate in programs, mentoring, financial investments, neighborhood connections, and service advancement.
Beyond NEST Christchurch, the network was meant to serve as an adapter in between existing start-up centers, programs and neighborhoods throughout New Zealand.
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