NZ angels on a par with USA

NZ angels on a par with USA

Date added: Sunday, 18 July 2010 13:37

Angel investing in New Zealand is now on a similar scale to that of Boston - one of the United States' prime angel investing hubs - according to noted US angel investor Bill Payne.

Mr Payne, one of the United States' foremost angel investors, has concluded a five month stay in New Zealand as the BNZ University of Auckland Business School Entrepreneur In Residence advising investors, entrepreneurs and students.

Mr Payne prepared a report for the New Zealand Venture Investment Fund providing reflections based on his observations of New Zealand entrepreneurs and angel groups during his visit.

The Payne report also looked at New Zealand's venture capital sector and how it links to investing into angel-backed companies. He encourages a focus on $60 million to $80 million venture capital funds which target making investments into young companies of around $1.5 million to $4 million to close the 'capital gap'

Read the Payne Report