5 straight-talking questions about the NZVIF report
It’s all on for the New Zealand Venture Investment Fund (NZVIF).
At almost the same moment the NZVIF’s report was released on Monday, Economic Development Minister Steven Joyce announced that a review of the investment organisation’s structure was currently underway.
Given the primary function of the fund is to support New Zealand’s start-up and venture ecosystem – rather than explicitly turn a profit – Joyce’s comments raised eyebrows. Just what do the numbers mean? How is the fund actually doing? And what’s the benefit to the taxpayer?