The NZ Venture Investment Fund has invested $123 million into 100 seed and start-up companies since its establishment in 2002. Combining private investment, those 100 companies have received $308 million of venture and angel investment capital.
Of the 100 companies:
79 are exporting.
29 have received investment from offshore investors.
23 emerged from either universities or Crown Research Institutes, and 19 have been part of business incubators.
Auckland is home to 53 of the companies, with Christchurch hosting 16.
9 have been sold and 7 have been written off or liquidated.
28 of the investments were into seed stage enterprises, 56 were into start-up companies, 15 into early expansion companies, and 1 company at the expansion stage.
NZVIF chief executive Franceska Banga said that it is pleasing to have partnered with the private sector in providing over $300 million of investment capital to promising young technology companies, but considerable work is required to establish a vibrant and sustainable venture capital industry.
To read the full, original article click on this link: $300 Million Invested Into 100 Companies | Voxy.co.nz
