Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

New Measures To Assist High-tech Innovators


New measures to assists innovators start up hi-tech new companies

The government has decided to progress a series of initiatives designed to assist with the formation of new high technology companies. In particular, it will assist innovators to develop their ideas into marketable propositions capable of attracting start up capital.

"Our research has indicated that there is no shortage of good ideas nor is there any great shortage of venture capital. One of the hurdles is how to develop the idea and the proposed business plan to the point where the financial community is comfortable with the proposals," Deputy Prime Minister Jim Anderton said.

"The proposals do work both ways in that they are also aimed at the financial community. We believe that there are too few financiers experienced in this start up deal making. Promising opportunities may have been lost through an inability of the capital providers to work at this relatively low level of involvement. Our initiative will also address this problem.

"We will put together a new “Investment Readiness” service, designed to provide information and training on how to find capital for a new project.

"We will also partially fund the provision of “Ideas Brokers” who will act as an interface between entrepreneur and financier. These brokers are likely to focus, at least in the short term, on good ideas coming out of existing programmes or institutions such as universities, CRIs, Techlink consultants, Economic Development Agencies, BIZ programme etc

"Finally the Government will assist with the growing movement towards institutional incubators associated with universities and polytechs. Incubators typically help new entrepreneurs by providing workspace, business and computer services and access to technical support on preferential terms. Overseas, incubators are assisting the development of new high technology companies. It is now time that New Zealand starts supporting its own entrepreneurs in the same way.

"Funding for the three initiatives will reach about $2.25 million for the 2000/01 financial year. No incremental funding is required for this programme as it now stands.

"New ideas are fundamental to the success of this economy. This package marks the start of a new focus on ensuring those new ideas reach commercial success," Jim Anderton said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Pike River: Mine Drift Re-Entry Plan To Proceed

The Pike River Mine Drift will be re-entered, Minister Responsible for Pike River Re-entry Andrew Little announced today.

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little...

“The advice I have received indicates that it is likely to be around February before the re-entry proper gets underway, by breaching the 30m seal.” More>>

 

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Rebuilding: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

Govt Loses In Supreme Court: Call For Debate On Prisoners' Right To Vote

The court earlier this week upheld a High Court decision which found that a law restricting a prisoner's right to vote was inconsistent with the Bill of Rights. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels