Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi tech startups pitch for investment

New Zealand Trade & Enterprise

29 August 2019

Australian-based Innovation Bay, in partnership with New Zealand Trade and Enterprise (NZTE), is returning for a second year to host ‘Venture Downunder’, a conference for Australia and New Zealand’s growing venture capital community.

60 VCs from Australia, New Zealand and around the world will travel to Christchurch, New Zealand, next week, for three days of VC-focussed sessions, workshops, and activities.

The Venture Downunder conference will take place in Christchurch from 4 to 7 September, 2019.

The conference will feature a showcase of six Kiwi technology startups (late-Seed and beyond), chosen from the 85 startups across the country that applied for the opportunity to introduce their businesses to fund managers.

Innovation Bay cofounder Ian Gardiner says: “New Zealand technology startups have been attracting the interest of Australian VCs in recent years, with a number of Australian funds investing in startups including 8I (OneVentures), 90 Seconds (Airtree Ventures and Right Click Capital), PredictHQ (Rampersand), SunFed (Blackbird Ventures), and Vend (SquarePeg Capital).

“New Zealand’s small market means founders think big, right from the beginning, and this global mindset is very appealing to investors. The recent announcement of Blackbird’s $NZ30 million fund focussed on backing the country’s most ambitious founders is further evidence of a burgeoning market with growing support.”

Mr Gardiner says Venture Downunder brings venture partners together to network and learn from each other, as well as meet some of New Zealand’s most promising technology startups.

“It’s rare to see VCs all in one place as they are time poor, just like founders. Bringing them together at Venture Downunder helps ensure they are switched off from day-to-day business and allows them to focus on sharing industry insights and talking about the challenges all VCs face. This is the second time we have done this conference in New Zealand, and last year we saw multiple companies getting funded along with valuable long-term relationships built between our participants.”

NZTE’s General Manager Investment, Dylan Lawrence, says the venture capital industry in Australia and New Zealand is still in its infancy and a strong, connected community is critical to helping startups be successful.

“The Government has established a $300 million fund to help provide capital to mid-sized New Zealand companies. Together with overseas investment, we want to support a healthy start-up ecosystem, to grow our knowledge economy and lift the level of innovation in New Zealand.”

Mr Lawrence says: “Following on from the lunch our Prime Minister held in Melbourne in July, the level of interest from Australian investors in New Zealand continues to be high, as they choose to look closely at New Zealand as a market aligned with their values. Australia is our largest source of inward investment, including venture capital, and it’s encouraging to see so many VCs committing to attending Venture Downunder.”

As part of the conference, Innovation Bay is also inviting a distinguished panel of Australian VCs, including Artesian, Blackbird Ventures, Jelix Ventures, and Right Click Capital, to meet the local startup community on Tuesday, 3rd September.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>