NZ and Singapore Sign Angel Investing Alliance
12 November 2009
NZ and Singaporean sign angel investing alliance New Zealand and Singapore angel investors have signed a land-mark partnership between the Angel Association of New Zealand and the Business Angel Network (South East Asia) which will assist both countries in the development of globally successful exporting companies. Angel Association Chair Andrew Hamilton says the partnership is highly valuable for New Zealand as it will open up networks into South East Asia for our emerging global companies, both in terms of networks for investment and market access.
“With our trading links to South East Asia expanding with the signing of the free trade agreement with Asean, it is the right time to be expanding our investment links. “Angel investment is a key asset class in economies, with European research showing that angel backed companies today, will represent 50% of the new jobs in 10 years time.
The angel industry has developed significantly over the last few years world-wide and this partnership is further evidence of the growth of the industry.” Joe Rouse, Director of Bansea, said: “We are delighted to form this relationship with New Zealand.
We have seen a fantastic angel industry developed around the incubators and Universities in New Zealand and are looking forward to helping many of the companies funded from New Zealand using Singapore as a base to grow their Asian operations.”