UC student wins $100,000 entrepreneurial award

02 March 2018

University of Canterbury Centre for Entrepreneurship student Oliver Hunt has won a $100,000 award from the Dream Believe Succeed Foundation.

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    UC student Oliver Hunt’s business Medsalv, is a solution to the waste created by ‘single use’ medical devices. New Zealand hospitals create an enormous and costly amount of waste by discarding medical devices that can be used more than once, if reprocessed properly.

University of Canterbury Centre for Entrepreneurship student Oliver Hunt has won the $100,000 award from the Dream Believe Succeed Foundation.

Oliver Hunt’s business Medsalv, is a solution to the waste created by ‘single use’ medical devices. New Zealand hospitals create an enormous and costly amount of waste by discarding medical devices that can be used more than once, if reprocessed properly.

“Devices are labelled ‘single use’ where the manufacturer has chosen to not do any cleaning validation required for re-use. It does not mean the device has to be thrown away. Given the right cleaning procedures, many can be used multiple times,” he says.

The Dream Believe Succeed Foundation Award, which aims to develop young people’s entrepreneurial spirit, consists of $20,000 cash, $60,000 marketing support, $10,000 accounting support, a $5000 legal package as well as mentoring.

“There were so many good companies in the competition I didn’t think I would get it. This is going to be massive for Medsalv,” Oliver says.

A UC Master of Engineering in Management graduate, Oliver, age 23, developed Medsalv, a company that works with hospitals to reduce their costs and environmental impact, over summer at the UC Centre for Entrepreneurship (UCE) where he was awarded a Scholarship for the UCE EY Summer Startup programme 2017/18.

“I found the Programme really good, especially as a sole founder. It gave me a lot of insight, mentoring and ‘sounding boards’ to bounce ideas off and critique what I am doing. The fresh perspectives which I would not have been exposed to otherwise were very helpful,” he says.

Five of the seven finalists of the Dream Believe Succeed competition were UC student startups from the UCE’s 2017/18 Summer Startup programme:

 

To find out more about the UC Centre for Entrepreneurship contact James Carr.

For further information please contact:

Margaret Agnew, Senior External Relations Advisor, University of Canterbury
Phone: +64 3 369 3631 | Mobile: +64 275 030 168margaret.agnew@canterbury.ac.nz
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