Venture capital funding gap is real - David Parker

Associate Finance Minister David Parker insists there's a funding gap in New Zealand to support new ventures, particularly technological ventures, and that his planned $300 million Venture Capital Fund will address that gap.The bill establishing the fund, with the money coming from the New Zealand Superannuation Fund and the New Zealand Venture Investment Fund, passed its first reading in Parliament and is now with the finance and expenditure select committee.The fund will target venture capital managers providing funding to new ventures of bet...