A hand up not a hand out is what innovative NZ businesses most need
Global Seismic Data has found a few roadblocks and speed bumps in its drive to create an infrastructure sensor that continuously measures a building’s pulse.
The Technology Valley Grenada-based company spent three years of research and development perfecting its system.
“A lot of times we were told “you should give up...I wouldn’t do that anymore,” says co-founder Steven McLauchlan.
Along with business partners they officially launched GSD in April 2019.
“But we had, and still have a fundamental belief in what we’re doing, and in the longterm humanitarian impact of collecting and using data to make decisions based on fact and not just assumptions,” says Steven.
“We learned very quickly four years ago to fail fast. That was when we literally broke our initial sensor to pieces, and started again.
“What we produced was a thousand percent different from our original Minimum Viable Product.
“But that was simply the first attempt in learning, and not a reason to give up.
“New Zealand seems to have an inbreed sense of failure, and fail fast is not in our country’s vocabulary.
“Fail once here, and you’re told not to try again.”
Steven says the most valuable offer from others is not a handout, but a hand up.
“It is about having access to the right connections,” he says.
“Sometimes an introduction to an appropriate person who can see what you’re doing is great, and the difference this can make is exactly the hand up you need.
“New Zealand’s bogged down with paperwork and bureaucracy. We’re not asking for a handout, but the ability to be put in touch with the next person who may be just the one we need.”
Caption: Steven McLauchlan (left), and Mark Futter, co-founders of Global Seismic Data