Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Punakaiki seeks more VC capital where govt sees market failure
The government is so convinced that the market in New Zealand has failed when it comes to providing venture capital to fledgling businesses, particularly technology businesses, that it is setting up a $300 million fund to fill that gap.Lance Wiggs' Punakaiki Fund is not only demo...
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Finance
Local fund managers test venture capital waters
Venture capital is at least on the agenda of New Zealand's mainstream fund managers and some have gone much further than that.Milford Asset Management calls its efforts "private equity" but its investments, initially through its Active Growth Fund and now through its $150 million...
Finance
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 fr...
Finance
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Venture capitalists split on govt picking winners
Views within the angel and venture capital sector on the government's $300 million Venture Capital Fund are divided, with many secretly agreeing with Lance Wiggs' public opposition but others welcoming the policy.Wiggs, founder of one of New Zealand's most successful venture capi...
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