2. $45k in-kind contribution from the Pacific Channel whānau including:
Nominated Pacific Channel mentor to formally work with innovator, set program goals, and guide/support the innovator and the project.
Commercial/Entrepreneurial and Scientific Advisory Board
Monthly commercialisation sessions on focused topics with members of the Pacific Channel extended whānau team and global expert advisers.
Legal and Accounting Advisors
Legal (MinterEllisonRuddWatts), accounting and financial forecasting advice (VCFO), advice as required. Media training and communications guidance from Joyce & Howse Consulting. With this commitment split between the members of the PC adviser whānau as required by the winner.
3. $50k project investment
An option to access $50k investment from the Pacific Channel Kea Fund to help drive their project forward. Kea Fund investment can be used for:
Working in parallel with the winner’s technology transfer office (if any) to bolster their existing capabilities and develop the venture.
Commercial Pathway Development
Supporting the development of a commercial pathway including market, competitive and industry validation (utilising third party providers where required).
Supporting the development of IP strategy, IP pathway assessment.
Technology Proof of Concept
Supporting design of work required to develop proof of concepts including paying for the time of the award winner where required and/or to engage in independent third-party technical validation.