STUDENTS STARTING UP


You will get an understanding of the realities of starting your own business, meet other students interested in starting up, network with fellow entrepreneurs and business people, attend workshops, get advice, and hear about other support and opportunities for budding entrepreneurs in Dunedin, New Zealand and internationally.

You will develop fantastic new skills, meet new people, it looks great on your CV and you’ll be in to win money and prizes to get your business off the ground. Last year, competitors shared in a jackpot of $40,000 in cash, services and other prizes to help them start-up – what have you got to lose?

How does it work?
Those entering the Audacious competition are required to submit a business idea, a detailed business plan and pitch their idea to the Dragon’s Den. Check out the Programme page for further details. Throughout the competition, students attend a range of start-up workshops and have access to a Business Coach for one-on-one advice.

Who is it for?
Audacious is for students of all disciplines at the University of Otago and Otago Polytechnic – not just business students.

No matter what you study, if you are creative, energetic and keen to expand your horizons – Audacious could be perfect for you. If you are worried you lack business skills, or any other skills, we will do our very best to help you find team-mates with the skills you need.

Individual entrants must be current University of Otago or Otago Polytechnic students. If you are entering as a team, at least one member of your team must be a current student and that person must be your nominated main contact when submitting your ideas.

But you don’t even have to enter the competition, if you are thinking of starting up, you’re welcome to join the community – attend Audacious events, hang out in the Audacious space, speak to our Business Coach or simply ask for help!

Categories
To organise the wide range of ideas submitted every year, and to compare apples with apples, Audacious is split into five categories. In your Round One submission you will be required to nominate the category in which you think your idea fits, but they become more important in Round Two. As you can see, any idea can be a winner!

THINKING BIG

Don’t play safe, think long term. Bold ideas that are relatively untested and may have a long development phase, but could find worldwide success.

ACTING NOW

Get out there and make it happen. Ideas that are relatively straight forward, low risk and easy to bring to market.

DOING GOOD

Look after people and planet. Ideas that benefit society – for social entrepreneurs, not-for-profits, sustainable ventures and the like.

GETTING CREATIVE

Think outside the box. Ideas that are innovative in the design or marketing that is leading edge and provides a competitive advantage.

MAORI BUSINESS

Ehara taku toa i te toa takitahi; engari, he toa takitini; our achievements are a collective endeavour, not a solitary effort. For Maori students and those with a Maori-focused business idea.

RULES
Read the Audacious Challenge rules 2014. Competitors must agree to these rules in the submission process. Entries can be submitted via the Challenge section of this website. Any questions regarding these rules should be directed to [email protected].

Blog archive

Audacious > Blog

Posted by kari.petroschmidt

Success is a matter of being able to overcome these psychological barriers because everyone, and I mean absolutely everyone, has moments of doubt, loneliness and vulnerability. If we ‘fail’ as a result of these sentiments that is entirely human and understandable. No one is infallible. But undoubtedly success is largely a matter of who can overcome them most efficiently. 

Psychological tricks can be helpful. Not tricks really, more understandings. For example, and as Graham again asserts, perhaps it’s better not to focus too much on your ambition/vision, as doing so too easily leads to you feeling overwhelmed by the task at hand. Kind of like, you can’t see the trees for the forest. As Graham states, 

“I think the way to use these big ideas is not to try to identify a precise point in the future and then ask yourself how to get from here to there, like the popular image of a visionary. You’ll be better off if you operate like Columbus and just head in a general westerly direction.”

This says something too about embracing the unknown, the ambiguous nature of the world we live in and the ultimate impossibility of ‘control’. As Jobs states, “you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.”

So too, we can put things in perspective. We have some pretty basic, shared fears. The Buddhists list them as follows: 

1. Fear of death

2. Fear of loss of livelihood

3. Fear of unusual states of consciousness

4. Fear of loss of reputation

5. Fear of public speaking 

True, fears 2-5 can be scary as hell. But they pale in comparison to fear #1. But if we conceptualize it correctly, it can be more liberating than anything. Bringing it back to Steve Jobs; “Almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.” 

As human beings we are our greatest obsession and we constantly compare our insides to other peoples’ outsides. But what are we in the face of our ultimate extinction and in relation to the rest of the universe? Whether we fail or not is really irrelevant. What matters is doing it anyway.