Menu
Investor guide to Kiwi tech sector launched

Investor guide to Kiwi tech sector launched

A thriving tech sector needs investment, both local and international.

The technology sector in New Zealand is growing fast, offering opportunities for investors.

The technology sector in New Zealand is growing fast, offering opportunities for investors.

A new edition of a New Zealand technology sector investment guide will showcase the breadth and variety of technology companies in New Zealand.

The guide, which revealed a surge in offshore investment over the last year, was launched by economic development minister Simon Bridges and science and innovation minister Paul Goldsmith today.

The tech sector is New Zealand’s third largest export sector, contributing $16 billion to GDP and it is growing fast, said Bridges, and presents opportunities for New Zealand and international investors.

The ministers cited high-profile successes such as retail point of sale app developer Vend, cloud accounting company Xero, Fisher and Paykel Healthcare and cinema management software developer Vista Group as leading the charge for Kiwi tech.

A growing number of early stage companies, such as virtual reality companies Soul Machines and 8i, are also attracting international attention, they said.

Offshore earnings make up 73% of revenues for New Zealand's top 200 tech firms and 40 of these are generating annual revenues of more than $50 million.

And that is attracting serious money. The report said investment in young technology companies surged more from $51 million in the year to March 2016 to $173 million by March 2017.

The free Investor Guide is produced by the Technology Investment Network (TIN) in collaboration with the Ministry of Business Innovation and Employment (MBIE).

The report quotes investor Simon Feiglin, of The Riverside Company and an investor in animal health technology company Simcro saying: “The thing we really like is that as a small and remote country, New Zealand companies almost from conception think globally, and are structured to achieve that objective.”

The Government is working to develop New Zealand as a hub for high-value, research and development intensive businesses, Goldsmith said.

“The recent 29% increase in businesses investment in research and development reported by Statistics New Zealand is largely driven by technology businesses, and shows that our efforts are delivering results," he said.

“To support this growth we’re developing pathways for young New Zealanders to enter the tech sector. This includes the TechHub in Schools, and FutureInTech initiatives which aim to engage young people and get them interested in a career in tech."


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags technologyinvestmentsoftwareDevelopmenttechstartups

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments