The Velocity Programme
Million in Capital Raised
From the Newsroom
Finalists announced for the 2022 Velocity $100k Challenge
The 15 finalist teams for the University of Auckland’s Velocity $100k Challenge have been announced. Venture ideas have been developed by students and staff that address a range of economic, social and environmental problems. The concepts represent the diversity of entrepreneurial thinking at the University with the ideas including solutions for water issues, sexual consent, mental health, dementia, chronic pain, sustainable packaging and satellites.
Sugar Wallet app makes investing simple for everyday Kiwis
Sugar Wallet, an app co-founded by alumni Devrath Soni and Sophia Ritchie, is on a mission to make investing easy for the everyday Kiwi. Eighteen months after its inception, it has topped charts in the App Store.
Alumni venture FormusLabs raises $5m towards AI powered orthopaedic surgery software
FormusLabs, a venture co-founded by University of Auckland Professor Thor Besier and alumnus Dr Ju Zhang, has raised $5m towards their software assisting orthopaedic surgeons with delivering joint replacement surgeries.
A special thanks to our sponsors
Momentum is a national student-led investment committee program which provides access to world class advice, connections, and investment opportunities to students and start-ups across New Zealand.
Our services include connecting technology and project teams with strategic management, top-tier advice and efficient access to capital.
We believe today’s students have the passion and urgency to innovate in ways that will positively impact on their own and future generations.
Established in 2002 by the New Zealand Government, New Zealand Growth Capital Partners (NZGCP) invests in early stage Kiwi companies with high-growth potential. They aim to develop and foster a vibrant and self-sustaining New Zealand early-stage ecosystem, primarily through their investment vehicles, the Aspire Fund and Elevate Fund. A number of past Velocity participants and ventures have gone on to be supported by NZGCP.
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