Latest Gigstart News
Dec 14, 2016
Search December 15, 2016 9AM Sam Worthington medium text large text Three Dunedin-born startup projects using UFB technology have been awarded $60,000 in the final GigStart Fund allocation. The winning projects were CoDrivr, Swiftlet and Codelingo – all taking home $20,000 each. CoDrivr is a virtual reality driving simulation that plans to go to market next year. Swiftlet is a cloud platform for the Internet of Things that is being created by local developers Tussock Innovation. And, Codelingo is developing automated, project specific, code reviews and expects to be market ready by the end of 2017. There were 23 applications for the GigStart Fund in the fourth and final rounds. The fund is administered by Startup Dunedin, and was established by Chorus and Nokia to provide a launch pad for new-to-market Ultra Fast Broadband (UFB)-led service concepts in Dunedin. An initial grant of $200,000 was made for the GigStart Fund, with $153,000 being allocated in the first three rounds. Initially, there was only $53,000 available for the final round, but there were so many worthy applicants Chorus Market development manager Kim Stewart allocated another $7,000. Throughout the duration of the fund Dunedin start-up businesses have received $207,000 in GigStart Fund funding. Other businesses that received grants include SuchCrowd, a crowd-sourcing platform for events; Petri Dish, a shared office space for tech creative media start-ups; Jack Pivac from Blue Twist - cloud based systems for the medical sector and Adventure Media Works, an online service for the photographic community. Interested in this topic?
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Where is Gigstart's headquarters?
Gigstart's headquarters is located at 202, Commerce Centre, Mumbai.
What is Gigstart's latest funding round?
Gigstart's latest funding round is Acquired.
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Gigstart raised a total of $200K.
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Investors of Gigstart include KWAN, Rajesh Sawhney, Kunal Bahl, Rohit Bansal, Indian Dream Capital and 6 more.