Multicore World 2019

About Multicore World
The 8th Multicore World, the most important high-tech conference in the Southern Hemisphere – held yearly in Wellington, and offer a 10% discount available until 1 February.

Known by the speakers as “the Davos of Tech”, Multicore World 2019 will be 12, 13, 14 February and feature global leaders in a limited audience event that provides the knowledge and strategies to future-proof your technological innovation.

Don’t just imagine the future: discuss it together with who is designing and building it!

Speakers from Intel, Arm, Facebook, Oracle, Broadcom as well as from the major US National Labs (Oak Ridge, Los Alamos, Argonne, PNNL) and from Japan, Singapore, Netherlands, UK, and more converge every year at Multicore World to discuss at peer-level about next-gen computing and its applications to all fields.

Visit Multicore.World for full information about speakers, abstracts, schedule, tickets and venue.

Members of AANZ will benefit of a 10% discount using this link – valid only until Friday 1st February (unless sold out). Register NOW, there are only 90 tickets for sale!

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New Astrolab funding for tech startups

Tech Incubator and AANZ member, Astrolab recently announced a group of Wellington business people will invest up to $5m in high tech startups being supported by Astrolab.

Four Wellington-based businesspeople have teamed up with specialist business incubator Astrolab to create a $5m fund which will drive a financial runway of up to $20m for startup tech companies across New Zealand.

Astrolab CEO Brett Oliver says having access to this level of capital is hard to come by in New Zealand when turning complex-technologies into export businesses.

“Astrolab’s funding pool will be used to catapult technology startups we establish and grow, enabling us to concentrate on achieving our mission-critical milestones quickly by dealing directly with our fund in the first instance,” says Mr Oliver.

The $20m financial runway over the next two years relies on $5m from Astrolab’s LP fund, underpinned by the newly formed Wellington-based investment group, and Callaghan Innovation’s Tech Incubation program which delivers targeted funding to complex technologies.

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$100m fund for low emissions ventures

The Angel Association welcomes the establishment of a $100m government fund to back ventures looking to ameliorate climate change.

 

Climate Change Minister James Shaw has launched an investment fund to help finance “low emissions” businesses.

The fund will take the form of a company established by Treasury – New Zealand Green Investment Finance Ltd – so will operate independently of the Government and look to make a profit.

This makes it slightly different to the $3 billion Provincial Growth Fund.

The Government has committed to injecting $100 million into NZ Green Investment Finance Ltd to get it going.

Shaw expects the return the company will eventually make will mean it can repay the Government and see it stand on its own commercial footing.

“More and more investment dollars are looking for clean, sustainable ventures to invest in,” he says.

“Establishing this fund positions New Zealand to attract its share of that investment capital.”

 

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Learnings from Engender Exit

AANZ Council member, Pacific Channel’s Brent Ogilvie provides some insights on Engender’s success

Engender was co-founded in 2011 by the University of Auckland and Pacific Channel after we approached the university seeking sex-sorting solutions for the dairy artificial insemination industry. Professor Cather Simpson (Physics and Chemical Sciences) believed her lab could develop a solution using photonics and microfluidics.

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Key metrics for assessing an angel deal

This is a terrific article setting out key metrics to ask about when assessing an angel deal from David Jackson, a Committee Member of Sydney Angels Inc. Some great tips on how to be an effective angel investor are also embedded.

“Let’s say you have a brilliant idea for a startup.

You know your Hats-for-Cats app is going to take the world by storm. And while you may be half-starved, you have a whiteboard and a T-shirt with your logo on it, and the energy, guts, and grim determination to make it happen.

But the funds scraped together from friends, family, and savings for market research and a demo are now completely exhausted. The credit cards are completely maxed out. You’ve realised it may be time to find an angel investor who can lay enough runway for a developer and the go-live phase. The good news is: angels want to give you money. That’s our job.”

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Demonstrating the power of angels supporting kiwi tech

Kiwi software firm SwipedOn has been sold to UK company SmartSpace Software for $11 million.

The British company provides workspace management software and has wanted to expand that offering through an acquisition since July.

Tauranga-based SwipedOn’s software helps visitors sign in when visiting an organisation. Its backers included Ice Angels, Enterprise Angels, New Zealand Venture Investment Fund and K1W1.

A terrific outcome for founders and angels alike and a proof point of the power of angel investment supporting kiwi tech companies to succeed.

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Snowball Effect 2018 Annual Update

2018 has been a record year for Snowball Effect. We have raised more capital than any previous year and continue to grow steadily. Some of the metrics below are disclosed to the FMA as part of our compulsory reporting as a regulated online investment platform. We believe that the private capital markets in NZ can benefit from being as transparent as possible. We’ve recently been collaborating with researchers from the University of Auckland and University of Minnesota to uncover insights into investor behaviour and the growth in online capital raising around the world. Below are some of the highlights from the past year:

Larger offers
We have now raised $41.8 million in capital across 54 offers. The private capital part of the business continues to grow with $12.7 million raised privately in 23 offers. The average size of offers that we work with has been increasing and 13 offers have been over $1 million in size. We have completed 22 offers that attracted more than 100 investors.

Growing investor base
Our investor audience now includes 17,700 people, of whom 7,300 have actively indicated interest in investing in a particular offer. We’ve found that each indication of interest averages out to about $1,000 in investment in the final offer per indication of interest. One of the most important metrics for a two-sided marketplace business is “transacted users”. In our case, 3,100 people have made a completed investment on the platform.

Larger investors
We are now working frequently with large family offices, institutional, and sophisticated investors. 810 people have invested more than $10,000 through the platform and 67 people have invested more than $100K through the platform. There are now 1,400 wholesale investors on Snowball Effect who are eligible to receive private offers. $27.7 million in transaction volume has come from people investing more than $10K.

Increasing diversification
A key difference between Snowball Effect and other players in the online investing space is that we want investors to take the private company asset class seriously as part of their overall investment portfolio. To that end, we’re pleased to see that 33% of our investors have now invested in more than one offer and 14% have invested in three or more offers. 30 people have invested in 10 or more offers (which research from the Kaufman Foundation shows is the base level of diversification needed to approach the underlying asset class returns for angel and venture capital investing). The most active investor on Snowball Effect has now invested in 27 offers.

Ongoing services
Our ancillary services have continued to grow with 14 companies now tracking their legal share ownership records in the Snowball Effect share registry. These companies represent 2,059 shareholding records. We also now have 163 director profiles from investors that are available as independent directors for companies that raise capital through Snowball Effect.

For more information from Snowball click here.

 

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How to scale – the Goodnest story

As Madonna so famously sung, we are living in a material world. If she were to update that song, she might tweak it slightly and mention the fact that we are also living in a gig economy. And Goodnest, a platform that matches up jobs that need doing with suppliers willing to do them, is harnessing that shift and attempting to make it even easier for both sides of the equation with a range of new features, a launch into new regions and a new capital raise to fund more growth.

Goodnest was one of the first domestic jobs marketplaces to pop up in this country, launching around four and a half years ago. And things have changed considerably since then, says co-founder James MacAvoy, who, along with his brother, also founded the DVD rental company Fatso that was bought by Sky.

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Angel backed Flick Energy on the next leg of it’s growth journey

New Zealand’s largest petrol company is entering the retail electricity market, spending $46 million for a controlling stake in Flick Electric.

Z Energy, which also supplies the Caltex branded stations across New Zealand, said it was acquiring a 70.1 per cent stake in Flick, which offers access for household customers to wholesale electricity prices.

Mike Bennetts, Z’s chief executive, said the purchase was “another step towards the long-term sustainability of Z, and the role we play in a lower carbon transport future”.

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Manawatu Agtech Start-Up Koru Diagnostics Raises $900k Seed Investment

A Palmerston North-based start-up company, Koru Diagnostics, has had impressive success with its first funding round.

Koru, which is developing cost-effective laboratory and rapid farmside tests, was substantially oversubscribed when it closed its seed funding round recently with close to a million dollars.

CEO, Rhys McKinlay, is very happy with the outcome. “We raised over $900k, mostly from angel investors, which will give us a commercialisation runway through until late 2019. These funds will be directed towards product development and commercial scale-up, protecting our IP and securing new commercial partnerships,” he says.

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Aquafortus wins global award

New Zealand’s Aquafortus Technologies has won the TechXchange Rising Star award for best new technology at Singapore’s International Water Week, this closes out a successful six weeks for the start up, which included an oversubscribed funding round and breaking ground on its first pilot plant in the U.S.

Aquafortus was invited to exhibit under Singapore’s National Water Agency, the Public Utilities Board at Singapore International Water Week. Singapore International Water Week is a global event that brings together world leaders in the wastewater industry, with more than 21,000 participants from 125 different regions.

The tradeshow was a great success for Aquafortus – generating more than a dozen sales leads across eight countries. It also saw new sector applications for Aquafortus’ Zero Liquid Discharge (ZLD) technology, with significant interest from major players in the semiconductor and textile industries, says Daryl Briggs, CEO of Aquafortus.

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The number of deals is shrinking but venture capital still hit a record in Australia

Venture capital in Australia hit a record $US630 million ($AU849 million) in the 2017-18 financial year, up 12% on the previous 12 months, despite a drop in the number of deals, according to Venture Pulse Q2 2018, a quarterly report by KPMG.

Over the three months to June, $US209.09 million of startup investment was recorded in Australia, up from the $US169.8 million the previous quarter.

However, the number of deals was 27, down from 31, continuing a trend for bigger raises to more mature startups.

“Venture financing continues to rise in Australia, keeping pace with worldwide trends,” says Amanda Price, Head of KPMG Australia High Growth Ventures.

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Into the dragon’s den with New Zealand’s million-dollar investments

Hundreds of New Zealand’s wealthiest investors gathered for the 2018 Flux Demo Day last week for a night of wining, dining, and million-dollar business investments. Jihee Junn went along to watch this year’s plucky startups pitch it out.

“The first rule of investing is: don’t leave the table when the food’s being served!” a jolly looking man at my table exclaimed. We were halfway through the night’s events when platters of braised beef, roast potatoes and Akaroa salmon were brought out to the room’s 400 or so investors. As we dug into our family-style meals, passing along giant plates of food from left to right, I asked some of my fellow diners – all older, wealthier, and a lot more male than me – for their thoughts on the startups that had pitched so far. On the whole, their responses were akin to a placid shrug.

“They were okay,” said one man, who told me his day job was working at a private investment firm. Those sitting next to him nodded in agreement. “I’m not really here to invest tonight, but if I was, there probably hasn’t been anything yet to make me want to get out my wallet.”

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Comment: Five steps to stronger capital markets

If the New Zealand economy were a human body, then we can think of capital as the oxygen required to sustain life.

In a functioning capital market, those seeking capital are brought together with those who wish to deploy it. This lowers the cost of equity and debt, boosts the growth of funding and sparks wealth creation.

Is this economic oxygen flowing as it should? Most New Zealand companies listed on the stock exchange (NZX) have unrestricted access to capital, enjoy diverse and internationally-based registers, and are trading at fair to elevated multiples.

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Ten Companies selected for Zino New Kiwis Startup Challenge

Debra Hall, an experienced angel investor and Chairman of Zino Innovation Hub, which runs the Challenge, says the Zino team was delighted at the level of interest shown, with 42 companies, and entrepreneurs from 16 countries, entering the competition.

“As investors in start-up companies, we regularly see talent being wasted because new migrants simply don’t have the connections, the access to capital and sometimes even the language to navigate the early stage of growing a business. Zino is committed to changing this, to create new value for New Zealand” said Hall.

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A cow-whispering fitbit

The big farming news of the year so far has been an outbreak of the Mycoplasma bovis disease in cows, which forced the Government to come up with an $886 million eradication plan last month. But as this month’s Fieldays event showed, it’s not all bad news in our farming sector. When it comes to farm technology – or “agritech” as it’s known – New Zealand is a global leader.

A new report by Callaghan Innovation claims that “New Zealand is seen as one of four locations to watch for agritech solutions alongside Silicon Valley, Boston, and Amsterdam.”

I reached out to several agritech experts to find out why New Zealand is so well regarded internationally. Okay, we have a deep history of agriculture in this country. But it requires more than a pair of gumboots and the clichéd “number 8 wire” attitude to create advanced farming technology.

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SwipedOn CEO explains how his Tauranga SaaS startup went global

SwipedOn is a fast-growing Software-as-a-Service (SaaS) that is used in more than 2000 cities worldwide, and it all started in the Bay of Plenty.

The company provides an iPad-based visitor management system that replaces visitor books, which has proven hugely popular in the UK and US, as well as Canada, Australia, and New Zealand.

According to CEO and founder Hadleigh Ford, there’s no reason why New Zealand can’t have its own Silicon Valley based right here in the Bay of Plenty.

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NZ company growing new skin for burn victims

A Kiwi biotechnology company which has found a way to grow bigger-than-A5 sheets of replacement human skin says the product might be ready to start clinical trials on burn patients in 2020 or 2021.

Upside Biotechnologies, a company which spun out of the University of Auckland’s immunology research area, announced this week it has raised $2 million in a convertible notes issue from existing investors.

And it is preparing for a $10m to $15m capital raising later this year, which will hopefully take it into clinical trials 12-15 months after that.

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Why you SHOULD be an angel investor… it’s all about portfolio management

Australian early stage angel investors often treat start-up investing like horse racing. They punt with money they’re willing to lose, but this approach has led to a lack of discipline and very poor returns.

They place a few bets based on a good jockey (founder), their form (prior success), the stable (team and advisers), horse (business), equipment (technology), running line (strategy) and weather conditions (market), but start-ups should not be treated as an adrenaline-shot gamble where the majority of investors lose their money and a few “lucky” punters make a killing.

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Third annual ‘Investor’s Guide to the NZ Technology Sector’

Rising domestic investment in New Zealand’s early-stage technology companies is creating more opportunities for follow-on investment from a growing number of international investors. This is according to the third annual Investor’s Guide to the New Zealand Technology Sector published jointly by the Ministry of Business, Innovation and Employment (MBIE) and theTechnology Investment Network (TIN).

The guide showcases New Zealand’s diverse range of high growth technology companies, innovation capabilities and supportive business environment, and presents a compelling case for investment in New Zealand’s technology sector.

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Garage to Global

PART 5. TAKING INVESTORS ALONG ON THE JOURNEY

Building a business is a journey, along which there will be all sorts of challenges, setbacks, break-throughs, victories and adventures. We, of course, all hope and plan for more good things to happen than bad things along the way – but regardless, it is always a journey and always an adventure.

Investors in your business are key stakeholders who not only deserve to be included in the journey for their financial support of your business but are also people who have a vested interest in helping you in the various ways they may be able to.

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To share or not to share: is knowing your co-workers’ salary the key to closing the gender pay gap?

Mish.Guru, a social media content and analytics start-up, has become one of the latest companies in New Zealand to endorse transparent pay systems as a way to tackle gender pay disparity. But are these shared models really as effective as they seem, or are they just another trendy, token gesture?

Founded in 2014, Mish.Guru is a content marketing software that helps business create and manage campaigns on Snapchat and Instagram. After scoring investments from AngelHQ, Sparkbox, ICE Angels and various others the company started to transition their main revenue stream from service to product, as well as expanding to offices in Berlin, Sydney and New York.

Despite solid success with clients like Paramount Pictures, Visa and McDonalds, Mish.Guru’s team knew that succeeding in the tech industry wasn’t easy, especially for the women in their team.

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Get in quickly – AANZ Summit registrations open!

Diversity … making a difference and delivering outcomes

Last year we celebrated a decade of angel investing in New Zealand. And it was terrific to have that line up with some impressive success for angel backed companies with PowerbyProxi selling to Apple, Publons selling to Clarivate and ImeasureU selling to Oxford Metrics. Last year was also record year for ‘dollars into deals’ with a 26% increase on the previous year’s investment at $86m.

We are genuinely creating value for New Zealand and New Zealanders. At this year’s summit we will focus on amping up that value through the power of diversity. Why and how does a more feminine approach, both as founders and investors, add value? What values do different ethnicities bring to angel backed ventures to increase the prospect of success? Why is it important we include millennials in our ventures?

It’s all about making a difference… diversity and inclusion delivers higher value outcomes.

The 11th Annual NZ Angel Summit, 1/2 November, is being held at Marlborough Vintners, 10 minutes drive from Blenheim and in amongst the vineyards. We deliberately choose smaller intimate venues to ensure we create the right atmosphere for relaxed and rewarding conversations. Our last three summits have sold out as we prioritise places for those ‘doing deals’.

On the first morning we set the context for the two days by reviewing the year and have a session on the values that drive angel investors and how these impact on success. In the afternoon we apply these insights to the more practical aspects of angel investment with sessions on the new industry standard term sheet, how to ensure alignment with follow-on funding sources and dig into the government’s plans to support our endeavours, particularly with respect to tax reform. On Friday morning we focus on our own heroes and hear first-hand from some of our founders and investors who getting real traction offshore. All of this will be shot through with input from successful women and millennials in our community and deep engagement with Maori and our Asian investor migrant community.

Click here to register

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Top New Zealand entrepreneur on building successful businesses

Some fascinating insights here from super successful kiwi, Linda Jenkinson who has intimately studied and succeed in scaling and selling businesses.

Linda Jenkinson is one of New Zealand’s most successful businesswomen. She’s been described as a serial entrepreneur, having founded numerous businesses, and was the first New Zealand woman to list a company on the NASDAQ stock exchange. She set up an NGO supporting businesswomen in West Africa, and as well as being a busy and experienced company director, she’s the recipient of numerous business awards. She talks to Kathryn about her beginnings in Palmerston North, and becoming a “relentless advocate” of Brand New Zealand.

Listen here

 

 

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How do you handle a founders break-up?

Co-founder splits are seldom discussed, but happen more often than you’d think. Flux Accelerator partner Barnaby Marshall shares what he’s learnt from his experiences managing a start-up portfolio and provide some insights into how to prepare for the worst (while still expecting the best).

The fact is, of 100 companies that the Icehouse has funded through our various investment entities since 2012, 35 percent of them have had a founder leave the company.

Most of those have left within the first two years of our investment. Some of these have been very messy, some have been more civil, but in all cases they have cost time and money: the two most precious resources for any startup. Add to that the emotional stress and you have a recipe to rock even the most resilient founders, and in some cases — almost be a lethal blow to the business.

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Fintech Startups Accelerate to Success

A step-change is taking place in New Zealands flourishing fintech sector, with participants in the second iteration of the Kiwibank FinTech Accelerator highlighting a growing maturity, sophistication and global potential.9 May 2018
A step-change is taking place in New Zealand’s flourishing fintech sector, with participants in the second iteration of the Kiwibank FinTech Accelerator highlighting a growing maturity, sophistication and global potential.

Graduates of the Kiwibank FinTech Accelerator 2.0 will showcase their work at a Demo Day in Wellington on May 16. Ventures will first pitch to angel investors and early stage venture funds at an investor-only session, followed by presentations to New Zealand’s business and fintech community later in the evening.

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Startup Genome and the Global Entrepreneurship Network Launch the Global Startup Ecosystem Report 2018

Released at the Global Entrepreneurship Congress (GEC) in Istanbul, GSER 2018 features strategic startup, investment and policy insights from over 10,000 founders in 60 ecosysytems – including New Zealand.

With insights ranging from the fast-growing dominance of ICT verticals to the filling of critical gaps in Success Factors both funding and startups, the Global Startup Ecosystems Report (GSER) 2018 continues to present thought-leadership and knowledge building driven by the world’s largest primary ecosystem research, Voice of the Entrepreneur. This is where we find out what it takes to build dynamic startup ecosystems with both local and global resonance and which cities around the world are doing it best.

Produced in partnership between Startup Genome and the Global Entrepreneurship Network (GEN) this year’s Global Startup Ecosystems Report launches at the Global Entrepreneurship Congress in Istanbul – signaling a strong commitment to advancing a greater understanding of startup ecosystems and the global network of capital and connections that drive them.

“We’ve now entered the Third Wave of innovation – where our global startup community is disrupting industries by combining technology with deep industry expertise. This is creating a potentially game-changing opportunity for smaller, less mature startup ecosystems that can now build out competitive advantage at a global level by focusing on their DNA and legacy strengths,” shares Startup Genome CEO and co-founder JF Gauthier.

A fitting occasion for the launch of this collaborative report, the Global Entrepreneurship Congress gathers thousands of entrepreneurs, investors, researchers, policymakers and other startup champions from more than 170 countries to identify new ways of helping founders start and scale new ventures around the world.

“Research in the field is vital to shaping the interventions necessary to empower entrepreneurs around the world,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “As thousands of startup champions gather this week to explore innovative approaches, efforts such as the Global Startup Ecosystem Report help us become better informed about what is needed.”

Incorporating data from Crunchbase and Orb Intelligence, as well as the voices of over 10,000 founders from 24 countries worldwide and counting – including some of New Zealand’s top startups like Flick Electric, Fuel 50 and Nyriad – GSER 2018 presents an incisive look at over 60 ecosystems. Through an analysis of startup output and legacy traits, it identifies the industries where each ecosystem has the most potential to build the vibrant economy for which it is uniquely positioned.

This year, GSER the report takes a close look at key sub-sectors such as Advanced Manufacturing & Robotics, Agtech, A.I., Big Data & Analytics, Life Sciences and Cybersecurity, as well as new technologies in education, health, advertising and finance. The sub-sectors in focus point towards imminent entrepreneurial revolutions. Thanks to SpaceX we may already have a car in space – but will we have greater diversity and value distribution on the ground and in our startup ecosystems? These are among key qualitative issues that GSER 2018 also looks at.

In the New Zealand ecosystem in particular, GSER provides a detailed look at the following subsectors: agtech and new food, health and life sciences and govtech.

Angel Association NZ has been delighted to partner with over a dozen ecosystem participants, including NZ Trade and Enterprise, Callaghan Innovation, the Ministry of Business Innovation and Employment, the tech and founder incubators, NZX and others to bring a wealth of insight to the New Zealand findings.

Commenting on the value of the report, outgoing AANZ Chair Marcel van den Assum said that not only did the report raise New Zealand’s profile with the 60+ other ecosystems also taking part but it provided insights into where we are best placed to focus our resources to enhance the impact of New Zealand startups and technology.

Download the full report here: www.startupgenome.com/report2018.

 

ABOUT US

The Angel Association of New Zealand (AANZ)

The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. It was established in 2008 to bring together New Zealand angels and early-stage funds. AANZ currently has 30 members representing over 700 individual angels associated with New Zealand’s key angel networks and funds.

Startup Genome
Startup Genome works to increase the success rate of startups and improve the performance of startup ecosystems globally. Fueled by the Voice of the Entrepreneur – the world’s largest primary research conducted with more than 10,000 startups annually – Startup Genome advises leaders of innovation ministries, agencies and organizations supporting startups. It brings data-driven, actionable insights, clarity and focus needed to produce more scale-ups, jobs and economic growth worldwide. Visit www.startupgenome.com for more and stay up to date on Twitter or Medium.

The Global Entrepreneurship Network

The Global Entrepreneurship Network operates a platform of programs in 170 countries aimed at making it easier for anyone, anywhere to start and scale a business. By fostering deeper cross border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. For more, visit www.genglobal.org and Follow GEN on Twitter.

ENDS

For interviews and further enquiries, please contact us:

Dinika Govender
Communications, Startup Genome
[email protected]

Jessica Wray Bradner

Communications, GEN
[email protected]

Suse Reynolds,

AANZ executive director
mob: 021 490 974 or email: [email protected]

Marcel van den Assum,

AANZ chair and 2015 Arch Angel
mob: 021 963 459 or email: [email protected]  

 

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Get More Value From Your (Startup’s) Board

“Who’s on the board?”

A question I hear at least as often as I see a new startup.

Over the past 3 years I have been fortunate to see five boards working in practice, one as member of the management team and the rest as an observer. Alongside that, every entrepreneur we invest in talks about their board: there is good, there is bad, and every one has some ugly.

I wanted to share some observations on boards that I’ve formed in the hope of helping entrepreneurs and directors better select each other, work together, and create value.

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Record NZ$86 million invested into New Zealand startups in 2017

More investment was poured into New Zealand startups than ever before in 2017, with NZ$86 million ($81.7 million) invested into 111 companies.

The figures were revealed in the latest Young Company Finance Index, published by PwC New Zealand, the Angel Association of New Zealand (AANZ) and the government-backed New Zealand Venture Investment Fund (NZVIF), which found that while the number of deals was just one below 2016, the total amount invested had increased by NZ$18 million.

Anand Reddy, partner at PwC New Zealand, said the investment levels are almost three times what New Zealand was seeing five years ago.

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NZ Startup Community Vibrant and internationally Competitive

The recent Angel Association and PwC release of data reveals a new record of $86 million flowing into early-stage businesses across the country.The recent Angel Association and PwC release of data reveals a new record of $86 million flowing into early-stage businesses across the country.

NZVCA Executive Director Colin McKinnon says: ‘The reported growth in investment dollars was due to an increasing number of larger deals in 2017, compared to the year before. The increased deal size indicates a maturing of the early-stage market. We are seeing angel investment building larger companies that are capable of attracting international investment.

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Lead Partners

NZTE NZVIF PWC

Expert Partner

AVID “FNZC.jpg”

AANZ Summit Sponsors

Callaghan Innovation “UniServices” Kiwinet “Spark”