Zenno Announces $10.5 Million Seed Round To Pioneer
Auckland-based space-tech company Zenno Astronautics (Zenno) has announced a $10.5 million seed round.
The following includes excerpts from Zenno Press Release:
Based on the patented use of super magnets, the company’s satellite control and propulsion system is set to revolutionise the way spacecrafts navigate space and the impact they have on our planet. The tech enables completely fuel-free satellite positioning; as well as fully autonomous, precision interaction between satellites (critical for debris removal, servicing and construction in orbit), leading to world-first electromagnetic shielding of spacecrafts and the humans inside them from radiation damage.
Raised off the back of a multi-year sales commitment of several million dollars, including a committed constellation (a system of satellites that work together to achieve a purpose), by well established industry veterans, New Zealand’s GD1 (Global From Day One) and Nuance Connected Capital led the round, with additional investment from US based Shasta Ventures. NZGCP, K1W1, European billionaire Wolfgang Leitner, Alt Ventures, Enterprise Angels, and NZVC also participated.
Getting objects to move around in space is hugely challenging. There’s nothing to push on and
never enough power or fuel to make things move as much as you need them to,” explains Max Arshavsky, Zenno Founder, CEO and CTO.
“What Zenno has built will enable easy, seamless movement in space without the need for power or fuel and while taking up twenty times less space than traditional propulsion systems. The technology that has the potential to support the future of the space industry for 100 years to come in a transformative, planet friendly manner,” believes Max.
The seed round will enable Zenno to launch the technology in-orbit on a technology demonstration mission in Q4 of 2023.
9 August 2022
Hybrid Workshop Series
Patent Searching for Early Stage Deep-Tech Startups
Join us for our first hybrid event with Outset’s resident IP Advisor and Jedi Knight Tim Stirrup who will be leading a two-episode workshop in the Jedi Council meeting room (Boardroom, Level 3) at Outset.
The workshops will be a combination of interactive seminar (~30mins) and guided learning using open-source patent search databases (~30mins), plus Q&A.
There is no prior knowledge required. Fundamentals of the patent system will be outlined.
After completing this course, attendees will:
- Understand what patents are and how to access information about them
- Appreciate the benefits of reviewing patents for technical concept research
- Understand when to carry out a search, which type of search is appropriate and when to contact an IP professional
- Prepare a search strategy which efficiently captures the patents relevant to an area of research
- Complete a search using open-source patent databases and evaluate the search results.
- Analyse patent data to gain insights into competitor strategy and technology trends
- Intro to patents and key criteria for grant (novelty, inventive step and written description)
- Review of different search types and reasons for patent searching
- Directed learning doing patent searching using online open-source databases
- Round-up including when to speak to a patent attorney, risks and limitations of searching.
Session 2 + 1hr informal mentoring session
- Explanation of
- patent novelty,
- the issues with public disclosure, and
- structure of patent specifications and how to read them
- directed learning using online open-source databases – advanced search strategies and patent analytics for particular companies or areas of technology
- Post-session informal mentoring – Up to 1-hour post-session informal mentoring session to answer any questions arising from the workshops.
Please note; In-person attendance is capped at max 25 people, so get in fast! Please only register for in-person attendance if you are able to attend.
Register here for Part one (On-site Attendance) : 26th July
Register Here For Part One (Virtual Attendance): 26th July
Register Here For Part Two (On-site Attendance): 2nd August
Register Here For Part Two (Virtual Attendance): 2nd August
Startup Advisors Council
The Startup Advisors Council was formed by the Government in 2022.
The following includes excerpts from Hon Dr Megan Woods media release
The Government has appointed a Startup Advisors’ Council to help identify and address the opportunities and challenges facing high growth start-up businesses, Research, Science, and Innovation Minister Megan Woods, and Economic and Regional Development Minister Stuart Nash have announced.
“Startups are major contributors to the knowledge and innovation that we know are fundamental to New Zealand’s economic recovery as well as resilience, ongoing economic growth, the creation of highly skilled jobs, and to people in Aotearoa enjoying a high quality of life,” says Megan Woods.
“Startups are often high tech, rapidly growing businesses which compete in the global market. They can generate significant levels of research and development and drive economic growth, sometimes developing entirely new industries.
“The Startup Council will help us to better understand the challenges facing startups and the actions we need to take to create an even better environment for innovative startups to thrive. I have seen the value of the approach through my work with the Small Business Council, which produced a strategy in 2019. The government backed these recommendations through immediate changes, and the strategy continues to influence Government policy today.
Seven members will sit on the Council for a term of 12 months. The Council will be chaired by Phil McCaw, founding partner at venture capital fund, Movac and former chair of the Angel Association New Zealand.
The members of the Council include:
- Suse Reynolds, Chair of the Angel Association New Zealand
- Marian Johnson, Chief Executive of Ministry of Awesome
- Grant Straker (Ngāti Raukawa), co-founder of the A.I. language translation platform Straker Translations
- Mike Carden, founder of a number of start-ups including Sonar6 and Joyous
- Imche Fourie, co-founder and Chief Executive of Auckland-based Outset Ventures
- Carl Jones, Managing Partner of WNT Ventures.
More information on the Startup Advisors Council, including the terms of reference, can be found on the MBIE website.
26 May 2022
Venture Essentials Workshop Series
Finding Talent for Deep Tech Startups
On April 14th, Outset Ventures hosted its subsequent workshop in the ‘Venture Essentials workshop Series’ called Finding Talent for early stage Deep-Tech Startups.
This dynamic workshop series brings together industry experts and experienced founders to give you a thorough breakdown of essential topics related to science and engineering ventures.
The workshop was co-presented by Nicola Dunn, Stephanie Gray (Senior Client Partners at Human Kind) and Dr. Ollie Crush (Chief Scientific Officer at Mint Innovation).
This extensive 90-minute virtual workshop was specifically designed for the needs of early-stage science/engineering start-ups and entrepreneurs and covered the topics below.
- Useful methods and frameworks to develop a talent finding strategy for young companies.
- Insights and experiences around finding key talent
- Current challenges with talent finding and skills shortage
- The Importance of an employee Value Proposition and Talent Retention
About the Presenters
Dr. Ollie Crush
Co-founder and CSO of Mint Innovation, a cleantech company founded at Outset in 2016. Mint grew to 10 employees before graduating from Outset in 2019, and now numbers 32 across NZ, Australia, and the UK. Ollie has been heavily involved in all aspects of recruitment, onboarding, and employee retention, and like any scientist, he’s tinkered with different approaches throughout the growth of the company. Ollie will share his experiences on what works and doesn’t work in the NZ start-up context.
Stephanie has extensive leadership experience, having led and grown high-performing teams in financial and government environments across New Zealand and Australia. She brings this experience, insights, and knowledge into the leadership programmes she runs for her clients and through Humankind’s public leadership programme. She enjoys partnering with clients to create employee experiences that matter whilst also supporting them in achieving their business outcomes. She brings generalist HR skills and experience in culture, diversity and inclusion, HR strategy, and service design.
Nicola’s passion for people and her interest in what makes them tick started long before her career in HR. Her background is in people leadership and coaching at a senior level, across mid to large private entities. With a firm belief that everyone comes to work to do their best. Nicola loves navigating how to create environments where people can truly thrive, with great employee experience leading to great business outcomes. Nicola has led complex change programmes, union engagements, culture development and has a breadth of senior generalist experience in the employee experience space.
Stay tuned for more workshops in the Venture Essentials series in 2022!