Minister Bridges wants NZVIF's Seed fund to deliver better returns under new investment rules

Tue, 15 Aug 2017

By Paul McBeth Aug. 16 (BusinessDesk) - Economic Development Minister Simon Bridges wants the New Zealand Venture Investment Fund to deliver bigger returns under a new investment framework for the Seed Co-investment Fund that will let the early-stage investor take a more active approach. Among the changes, the government has raised the investment cap for the $52 million NZVIF-managed Seed Co-investment Fund to $1.5 million, ditched the $250,000 funding limit, which Bridges in a statement said will generate stronger commercial returns and...

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