Last week, eight budding entrepreneurs presented their startup concepts before a panel of judges at University of Sydney Business School’s Sydney Genesis Final Pitch 2014 competition. The winners were chosen on the basis of having “real world” potential.
Pledger – an online platform which matches charities with SMEs based on their “values, geography, industry and desired level of commitment” – was considered the Best Social Enterprise, in the Servcorp sponsored competition.
Co-Founders Nick Rudder and Isabella Rich said the prize of $3,000 plus a six-month-long virtual office from Servcorp valued at $2,500, would provide much needed “seed capital” for building a URL.
“From here we believe it’s only onwards and upwards,” said Rudder and Rich. “We’ve received overwhelming amounts of positive feedback and we’ll be looking to build the charity and SME user database before we launch the site.”
The same prize also went to Hydrophobic Plastics, considered the Best Commercial Enterprise. The startup is in the process of developing a water-resistant helmet visor for motorcyclists, so they have enhanced visibility in wet weather.
Hydrophobic Plastics Founder, Edward Smith, said that Sydney Genesis has given him a great deal of confidence as an entrepreneur to continue developing the product and refining the business model.
Food Pod, a startup which brings together local farmers and “locavores” or consumers who want to eat local produce, was selected to spend three weeks at the European Innovation Academy in the French city of Nice.
Applications will be open again on the 1st of July for the next Sydney Genesis Pitch Fest and all students at the University of Sydney are invited to participate.