Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Venture Capital Study "Welcome and Timely"

Media Release

Venture Capital Study “Welcome and Timely”

The LECG Study of New Zealand’s venture capital market was “welcome and timely” says Franceska Banga, NZ Venture Investment Fund Chief Executive.

The study report, released today by Economic Development Minister Trevor Mallard is designed to assist policy makers as they manage the challenges of fostering a venture capital industry and providing an operating environment for it to flourish in and grow to be an internationally sustainable industry.

“The Study positively endorses the role played by the New Zealand Venture Investment Fund (NZVIF) as a venture capital industry catalyst and promotes a future role for VIF that complements an evolving picture of the objectives and needs of a sustainable venture capital industry in New Zealand”, said Banga.

NZVIF highlights the following observations from the study:

- Prior to 2002 and VIF’s formation, venture capital industry infrastructure was virtually non-existent and certainly had little seed or start-up investment focus

- VIF’s structure and the arm’s length distance from Government is working well and suits the present NZ venture capital market

- The goal of venture capital industry self-sustainability remains some way off and the sector continues to require “the involvement of VIF to stimulate the market”.

“Looking ahead, the study identifies regular performance appraisal for VIF against the industry needs and the market dynamics as well as diversifying VIF’s level of engagement with the investor marketplace including overseas investors. Some of the study’s recommendations are matters of policy which VIF will take up with MED as part of the assessment process,” Banga added.

Ms Banga will convene a session at the NZ Venture Capital Association Conference held in Auckland tomorrow (Thursday 3 November).

She is available to discuss the LECG Study.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news