Real-life IP: RightWay Ltd

RightWay Limited is one of New Zealand’s rapidly expanding bright companies, founded in 2011. They offer a different accounting experience – focused on small business customers, using cloud based tools to create the fastest growing accounting and advisory business in NZ.

We talked to their CEO, Greg Sheehan.

What do you do and how is it different than traditional accountants?

Small business owners, by and large, are serviced by small accountants, and most of them are suburban accountants who just focus on getting tax returns done.

Greg Sheehan, CEO RightWay
Greg Sheehan, CEO RightWay

We feel that small business owners also need help with strategy, getting their business models right, building their brands, understanding how to build sales pipelines if they were in that sort of market, understanding how to build their teams, as well as all the financials stuff – cash flows with the banks, understanding their margins, and doing tax returns.

Our claim to fame now is that we’re the fastest growing accounting firm in the country, by a number of different measures – new customers, staff number, growth up – we will be, by Christmas this year, we have 40 staff, numbers of offices, we’ve got 12 regions that we’re operating in now, and now we’re now looking at Australia.

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Real-life IP: Publons

The second company in our Real-life IP series, Publons, is a peer review system for scientific research helping researchers record, showcase, and verify peer review activity. They have been in operation since 2013, and are alumni of the first Lightning Lab programme.

We sat down with Andrew Preston, their CEO.

Who are you and what do you do?

I’m Andrew Preston, and I have a background in Physics. I did a PhD in Physics here [at Victoria University], worked over in the US for a few years, and learned what it’s like to be a professional researcher. Based on that knowledge, we founded Publons with the aim to speed up science. Current science could go a lot faster, and if it goes faster we could get to the future sooner, which would be ideal.

If you look at the way we communicate science, the big slow part of it is the peer review process. Publons really aims to improve the peer review process to speed that up.

Andrew Preston, CEO Publons
Andrew Preston, CEO Publons

The way we do that is we start by giving reviewers credit – something they can put on their resume for their peer review, because right now if you’re a reviewer and you review academic articles, you don’t get credit for it and you certainly don’t get paid. We’re going to solve that problem for reviewers.

How long has Publons been in business?

About two years now. We’re about six staff now and thousands of users.

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Real-life IP: Hunter Safety Lab

Yesterday we introduced our new series Real-life IP, which sets out to find out how real companies use intellectual property. Our interviews start today, with one of the cool companies Duon works with, Hunter Safety Lab.

Hunter Safety Lab Ltd (HSL) is a Wellington-based company, co-founded by Michael Hunter and Dave Grove. They make cutting edge safety systems for hunting, to reduce the huge number of accidents every year where someone shoots their hunting partner.

We sat down and talked to Mike about Hunter Safety Lab.

Mike Scott and Dave Grove, Founders of Hunter Safety Lab.
Mike Scott and Dave Grove, Founders of Hunter Safety Lab

What do you make?

Our flagship product, IRIS, is an alert system that sounds an alarm if a hunter points their gun at another hunter. IRIS stands for ‘infrared retro-reflector identification system’.

How long have you been in business?

I actually started HSL in 2009 with another business partner and a different alarm system. That didn’t work out, but we changed the product to the current design, Dave came on board as my co-founder and chief product designer, and it’s been all go since then!

What do you think the next few years ahead looks like?

Selling lots, I hope! We want to be in the US market, as well as in Europe. We also have a few new products and technology ideas floating around which we are talking to partners about, so there’ll be new things coming through to add to the IRIS safety system.

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