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NZ V.C. industry needs more money
NZ V.C. industry needs more money
By Peter Kerr for sticK
(sticK - 18 March 2011 ) From what I gather, the NZ Venture Investment Fund needs more capital input to be able to continue backing seed and start up companies.
It hasn't (yet) made enough of a return on its investments to start pumping that money into new ventures.
As NZVIF chief executive Franceska Banga says, "we do need to see new venture capital funds emerging if young technology companies are going to consistently have access to New Zealand investment capital."
Of course even as New Zealand's angel investment scene grows ever stronger, along with the rest of the world everyone's seeing a shortage of venture capital funds.
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http://sticknz.net/2011/03/18/nz-v-c-industry-needs-more-money/
For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com
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