Govt extends underwrite to start-up investor, NZVIF, to 2022

Mon, 13 Jul 2015

By Fiona Rotherham July 13 (BusinessDesk) - The government is extending its underwrite of the Crown-funded start-up investor, New Zealand Venture Investment Fund, through to 2022 and allowing $12 million to be transferred to the investor's cash-constrained seed fun, but the level of support will drop from 2018. The Crown’s $100 million underwrite facility will be extended until 2018 and then reduced to $60 million until 2020, as returns to NZVIF from earlier investments become available for reinvestment. The move, along with a $470,000 i...

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