An update from Hive UAV
As we launch the 2016 Community Entrepreneur Program, we thought it would be the perfect time to touch base on some of last year’s recipients to see how their business is tracking.
Hunter Valley start-up, HiveUAV received $19,000 in 2015 to progress their pioneering work in the fast-growing drone industry.
Their idea was brilliant.
They knew that farmers, miners, emergency services and other isolated workers in the Hunter area were having trouble monitoring remote locations.
They also knew that unmanned aerial vehicles, popularly called drones, might just be the solution as they could be controlled from afar and yet still offer a bird’s eye view.
So how to bring the two together?
The team at HiveUAV thought they had the answer by developing the technology that would eliminate the three key issues of limited flight time, manual operating issues and lack of scalability.
But as with many fantastic entrepreneurial ideas, they needed money to turn this dream into a reality.
That’s when they came to us, applying for a grant from our Community Entrepreneur Program in August 2015.
“HiveUAV is combining autonomous UAVs and a docking station or Hive, that will enable programmed take off, landing, image transfer and wireless charging for a fleet of UAVs.,” said founder Dr Chris Renton.
“Hive is mobile so it can be located just about anywhere and send imagery back to a central location or command centre where the user is located.
“The Beyond Bank funds we received were used to complete the integration between our machine vision solution and a commonly available UAV autopilot system and to demonstrate automated landing and docking in our base station using this technology.”
Indeed, the $19,000 has been viewed as a critical turning point and in the ten months since HiveUAV has taken off in more ways than one.
The team is rapidly expanding its business model and two have relocated to San Francisco for the next 6 months after attracting the interest of a major venture capitalist focused on frontier technology.
They are also receiving mentoring support and capital raising as they enter an incredibly exciting new phase.
This is the reason why we are so enthusiastic about the Community Entrepreneur Program.
It really can be the difference between a dream and reality.
We know getting started or making it over the early hurdles are probably the hardest things for a new business. We want to help businesses in the Hunter negotiate through these initial stages and go on to bigger and better things.
So apply today and next year, this success story may well be yours.