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Angel Newsletter October 2012


Christmas over the City

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


Geeks on a Plane - NZ Rocket Pitch Competition

11 December 2012
The Cloud, Auckland Waterfront, Auckland


Annual BNZBA Festive Breakfast

12 December 2012
The Northern Club, Princes Street, Auckland


Christmas on the Deck

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


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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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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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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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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PowerbyProxi Secures Exclusive Rights To the University of Auckland’s Wireless Power Technologies Developed for Use In Consumer Electronics
PowerbyProxi, ( 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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Trade: NZ Trade Deficit Widens To A Record In September

Oct. 27 (BusinessDesk) - New Zealand's monthly trade deficit widened to a record in September as meat exports dropped to their lowest level in more than three years. More>>


Animal Welfare: Cruel Practices Condemned By DairyNZ Chief

DairyNZ chief executive Tim Mackle says cruel and illegal practices are not in any way condoned or accepted by the industry as part of dairy farming.

Tim says the video released today by Farmwatch shows some footage of transport companies and their workers, as well as some unacceptable behaviour by farmers of dragging calves. More>>


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


International Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


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