St Thomas of Canterbury College win MOVAC High Growth Award

St Thomas students with Movac Partner Mark Vivian

St Thomas students with Movac Partner Mark Vivian

I recently had the pleasure of sharing a table with the winners of the Young Enterprise Trust (“YET”) High Growth Award along with MOVAC Partners Sharon Weaver and Mark Vivian.  MOVAC has been a proud sponsor of the programme for the past 5 years.  YET run an outstanding programme in secondary schools throughout New Zealand that exposes students to the possibility of creating and running a business.  Something that MOVAC and our investors are pretty passionate about.

Young Enterprise Trust is a charitable trust whose vision is to grow a more prosperous New Zealand through enterprise.  We see our purpose as a not for profit is to inspireeducate and transformstudents through enterprise experience.

Testing the Lion

Testing the Lion

This years winners of our award were from St Thomas of Canterbury College who founded a venture called A.C.E. – Advanced Clean Energies.  I was floored by the imagination, creativity and execution of this group of 16 and 17 year olds and what they’d managed to achieve in under 9 months.  Their inspiration came from the Christchurch earthquakes and a need to generate electricity when the power went down.  The product they created they call Lion.  Lion is a recharger that generates electricity from the heat differential between two plates.  Essentially it’s a pot lid that generates electricity from boiling water!  It generates enough to put a partial charge back on your cell phone.  Brilliant!

They have sold a number of these throughout New Zealand and have also commenced discussions to trial a modified version of the product with a village in Arusha, Tanzania, working through Edmund Rice School.  You can read more about ACE here:

MOVAC is indebted to its Fund 2 investment group who have underwritten our sponsorship of YET over the last 4 years.

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