Angel Newsletter October 2012

UPCOMING EVENTS:

Christmas over the City

6 December 2012
Ernst & Young, Majestic Centre, 100 Willis Street, Wellington

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Geeks on a Plane - NZ Rocket Pitch Competition

11 December 2012
The Cloud, Auckland Waterfront, Auckland

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Annual BNZBA Festive Breakfast

12 December 2012
The Northern Club, Princes Street, Auckland

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Christmas on the Deck

18 December 2012
Ernst & Young, 2 Takutai Square, Britomart, Auckland

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ANGEL INVESTORS HONOUR A CHAMPION
Phil McCaw, Managing Partner of Movac has become the fourth Arch Angel of the Angel Association of New Zealand.
McCaw received the accolade at the New Zealand Angel Summit in Wellington.

Angel Association Chair Dr Ray Thomson said “the award of Arch Angel was an acknowledgement Phil McCaw’s extraordinary contribution to the angel investing industry.

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NEW ZEALAND NEWS
ICE Angels NZ Angel Investment Showcase 2012
The Auckland Showcase was a one-night event on 23rd October featuring presentations by 15 hand-picked start-ups to New Zealand’s largest gathering of angel investors, CEOs, and venture capitalists.

ICE Angels managed to capture the evening in a series of clips that can be viewed here

A week later a second Showcase featuring some of those companies which pitched in Auckland was held in Wellington to a similarly packed house. Those new angel investing were excited by what they saw commenting on the professionalism and ambition reflected by those presenting. If you are an eligible investor and would like to view some of these presentations, please get in touch with your local network manager as they were all filmed.

Start-up successes breed success
New accelerator's backers put their time and money on the line, despite not knowing who they're investing in.

If you pitched the analogy of Johnny Appleseed vs Gordon Gecko to a roomful of Kiwi investors, you'd get a split vote and more probably a rabid aversion to being likened to either of them.

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Rich dose of innovation will improve prosperity
Kiwi expat Sean Gourley, the founder of a $20 million high-tech business in California's Silicon Valley, believes Auckland is well placed to become an innovation hub.

"You have great talent coming out of the universities, creative, hardworking software developers on a par with anyone anywhere in the world," says Gourley, a former Rhodes scholar, originally from Christchurch.

These talented people would stay in Auckland and others including Americans would move here if they had the right (working) environment, said Gourley. The lifestyle, recreation, safety, cheaper living and good schooling are all attractions.

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INTERNATIONAL NEWS
Private equity deal signed with Taiwan
The New Zealand Government's private equity fund and its Taiwanese equivalent have signed a partnership agreement which will see them both inject up to $160 million into a new cross-border venture capital fund.

Under the terms of the deal, the New Zealand Venture Investment Fund (NZVIF) and Taiwan's National Development Fund will stump up $25m each into any new venture capital (VC) fund looking to invest in Kiwi or Taiwanese business ventures.

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The Angel Investor Market in Q1Q2 2012: A Market in Steady Recovery
The angel investor market in Q1,2 2012 showed signs of a continued steady recovery since the market correction in the second half of 2008 and the first half of 2009. Total investments in Q1,2 2012 were $9.2 billion, an increase of 3.1% over Q1,2 2011, according to the Center for Venture Research at the University of New Hampshire.

A total of 27,280 entrepreneurial ventures received angel funding in Q1,2 2012, a 3.7% increase from Q1,2 2011, and the number of active investors in Q1,2 2012 was 131,145 individuals, an increase of 5% from Q1,2 2011.

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MEMBER PROFILE
Ministry of Business, Innovation and Employment (MBIE)
The purpose of the Ministry of Business, Innovation and Employment (MBIE) is to be a catalyst for a high-performing economy to ensure New Zealand’s lasting prosperity and wellbeing. They play a central role in shaping and delivering a strong New Zealand economy.

They are working to support the government’s Business Growth Agenda and are leading initiatives to deliver Better Public Services for Business.

The Science and Innovation Group within MBIE brings together the various players in the high-tech entrepreneurial community to help fast track startups and grow the number of New Zealand’s high-tech businesses.

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DEAL NEWS
PowerbyProxi Secures Exclusive Rights To the University of Auckland’s Wireless Power Technologies Developed for Use In Consumer Electronics
PowerbyProxi, (www.powerbyproxi.com) developer of the world’s most advanced and safest wireless power system, today announced it has secured exclusive rights to a key wireless power patent portfolio from the University of Auckland via its commercialization company UniServices. The technology is for portable consumer electronics (CE) devices, semiconductors, and batteries. It has never before been available to a commercial entity for use in CE devices.

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