Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


Budding Venture Capitalists Pit Their Skills

Budding Venture Capitalists Pit Their Skills

Nearly 1500 high school students throughout New Zealand will try their hand at investing a virtual two million dollars in the next seven weeks.

The web-based Venture Capital Game has attracted 500 teams from 105 schools, all keen to develop a portfolio of businesses with higher net worth than any other team and win the national title.

The Venture Capital Game, developed by the Small Business Company, is funded by Industry New Zealand’s Enterprise Culture and Skills Activities Fund.

Virtual Capital Game coordinator Craig Rust says the game has two aims.

“We want students to experience the thrill of investing and being part of the business world at the same time as putting the enterprise, accounting and economics skills they learn at school into practice.”

Each team has two million dollars to invest. A range of business plans are released to each team for their investment consideration over the duration of the game. By playing the game, the students learn to analyse the business plans, decide what businesses to invest in, and develop investment strategies taking into account external factors and competition.

“The game keeps them on their toes as they’ll be informed regularly, via the website, of occurrences in the external environment which are likely to affect the success of the businesses and alter their respective attractiveness for investment,” Mr Rust says.

Interest has been particularly strong in North Island secondary schools with Wellington College, Kerikeri High School, Kamo High School, New Plymouth Boys High School and Auckland Girls Grammar fielding more than 16 teams per school.

Students in the winning team will take away prizes worth over $5,000 and the teacher associated with that team will receive a Compaq Notebook.

The game also provides the opportunity for students to read about inspiring New Zealand entrepreneurs and how their success was obtained.

The Enterprise Culture and Skills Activities Fund is designed to promote a culture that encourages positive attitudes and skills for entrepreneurship, business growth and business success.

© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>


Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi: "fa’afetai Tusiata, fa’afetai, / you’ve swerved & served us a masterclass corpus / through graft / of tears & fears..." More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>


New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news