Icehouse targets startups in more focused programme
The Auckland-based global business incubator will focus each year on a maximum of 25 small to medium sized enterprises, down from an annual average of 75.
“In the context of what we are trying to achieve, which is ultimately to create more jobs and create more wealth, it is an expansion. It is not really a contraction,” Icehouse chief executive Andrew Hamilton told BusinessDesk. “What we’re trying to do is dial up the startups that have great international potential that we can support with great expertise, networks and funding.”
Tech-based start-ups which can be developed and brought to market quickly will be the main focus for incubator programme, and there will be no requirement for the businesses supported to remain based in New Zealand, although part of Icehouse’s new focus is to create 25,000 New Zealand jobs by 2020.
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