Telecom, Chorus to share assets after split

Telecom and Chorus will share a range of assets following their separation into standalone entities, according to its asset allocation plan published today. While there will be no joint ownership, certain assets will be used by both companies, including key infrastructure such as fibre-optic cables, network routers, power systems, land, building and furniture. All in all, the document details how 270,000 individual fixed assets will be split; “Goodwill” falls under the New Telecom column.

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Caldera Health secures $1m for prostate diagnostic technology

A New Zealand company has secured $1 million to help advance development of its technology to diagnose prostate cancer. Caldera Health Ltd is led by Watson, the founder of Genesis Research and Development, and Dr Richard Forster, co-founder of biofuel-technology company Lanzatech. Both suffer from prostate cancer, which claims the lives of about 600 Kiwis a year. With early diagnosis, at least a third of those who die from prostate cancer could be saved, according to the scientists who first worked together 20 years ago.

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Businesses turning to mentors in tough times

Distress among small businesses is driving them to seek out mentoring, including many older companies requesting guidance for the first time. Business Mentors New Zealand (BMNZ), the nation’s only not-for-profit mentoring organisation, says demand from SMEs is at an all-time high and figures from the first financial quarter reveal pockets of adversity, particularly in Christchurch and the Pike River area.

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Industry groups rally against Australia’s carbon tax

It was only a matter of time, really. While there have been any number of opinions floating around about the Australian Carbon Tax even before it was officially announced, the Australian Trade and Industry Alliance (ATIA) last week launched an advertising campaign against the federal government’s proposed carbon tax, carrying the tag-line “carbon tax pain: no climate gain”. Representing a number of industry groups, newspaper ads from the ATIA have started appearing in Australian newspapers, matched by a television commercial.

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Innovation of the day: The Britten motorbike

Christchurch born and bred, John Britten had a talent for building moving vehicles, even as a kid. The Britten V1000 was built in the early 1990s, and it had some serious racing success: it won the Battle of the Twins in Daytona, reached the fastest top speed at the Isle of Man TT in 1993, and it set a number of world speed records.

Do you have an innovation to share? Enter the Innovator Awards and you could be up in lights.

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Infographic of the week

The cloud is the lean startup’s best friend, and there’s no shortage of web-based tools for everything from finance to productivity. In a recent survey, business app advice startup BestVendor asked 550 startup executives and managers which tools they most preferred for a variety of business-related functions.

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