Prize offered for wearable technology ideas
Government grants agency Callaghan Innovation is offering prize money to entrepreneurs keen on developing wearable technology.
Callaghan's challenge prize (C-Prize) competition, which is held every two years, has this year been given a "wearable" theme.
Existing examples of wearable technology include smart watches and fitness trackers such as the FitBit.
Callaghan Innovation chief executive Victoria Crone said it was keen on seeing ideas and designs that would improve health, safety and "smart play".
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The winner of the competition will win $50,000, a trip to North America and Las Vegas and a year's free rent at the Human Performance Innovation Centre in Auckland.
The last C-Prize competition in 2015 focused on drone technology ideas and saw a group of four university friends take out the top prize.
Their idea was to add thrust-vectoring to drones so they would be stable in the wind while filming, co-founder Nishaad Salvapantula said.
He said, after winning, the group founded a start-up business named Vortec and was in talks with a manufacturer.
A 2015 finalist, Dotterel, secured investment for its noise-reduction drone technology idea since taking part in the competition.
Salvapantula's advice to those thinking of entering the competition this year was to "pour as much as you can into it, because if you go all the way it is worth it".
Competitors must be over 16 and live in New Zealand.
The Fairfax Media business innovation series runs in partnership with Callaghan Innovation.