Xero heads other startups to win UK opportunity

Four new Kiwi companies vied for a place in finals

Rod Drury's software-as-a-service startup Xero has won a trip to the finals of a UK competition offering a UK office as the major prize.

International Business Wales announced Xero as the Technium Challenge finalist winner from New Zealand yesterday. Xero will go to the finals in May to compete against winners from Australia, China, France and South Africa for prizes worth over $120,000 including legal, marketing and business advice, capital raising, personnel and manufacture sourcing, ongoing guidance and more.

“With free office space in a Technium centre and valuable business advice, the winning company can invest their finances and energies into growing their business rather than struggling with new overheads and understanding an unfamiliar market,” Gareth Davies, Head of International Business Wales, says.

Xero, Explorer Graphics, Assetta and Tripshare presented their business cases yesterday to journalist Rod Oram and Ernst & Young Entrepreneur of the Year and serial entrepreneur Chris Jones, the founder of Argent Networks, director of Phitek Systems, partner in Pioneer Capital. Rhodri Jones, representing Technium UK, was also on the judging panel.

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