The Kiwi Innovation Network (KiwiNet) has received $10.3 million of new investment over the next three years, under a new allocation of Government PreSeed Investment.
The funding is to help transform cutting edge science into commercial reality.
KiwiNet’s PreSeed investment partners have invested more than $26.7 million into more than 500 projects since 2003. PreSeed investment has led to more than 153 commercial deals to date.
Chair of the KiwiNet investment committee Andrew Turnbull says collaboration is the core of KiwiNet’s approach.
“Through KiwiNet, research organisations are combining resources, sharing networks and helping each other to life everybody’s performance.
“The result is a stream of new business opportunities with strong scientific foundations that can compete globally.”
Orion Health continues to expand its global reach with the first deployment of its hospital solution in the United Arab Emirates.
The company announced the deployment this week, with senior vice president, enterprise, David Leach saying it was a landmark contract with leading maternity provider Oasis Hospital.
“Oasis Hospital is a progressive healthcare provider and has been at the forefront of providing world-class treatment for women, children and families for over 50 years.”
The hospital has a projected growth of 20 percent annually and Orion Health will enable this growth by streamlining the flow of information and connecting patient, clinical, ancillary, and finance workflow through the hospital.
New Zealand-based cloud app integrator 9 Spokes has drummed up AU$25 million in capital earlier than expected.
The funds helped the company to list on the Australian Securities Exchange last month.
The company revealed that under the initial public offering, a total of 125 million new shares were issued at AU$0.20 per share. Although 9 Spokes slipped 25 percent to AU$0.15 on its first day of trade.
9 Spokes co-founder and chief executive Mark Estall says the company is pleased with the support it has receieved from new investors.
“From the start, 9 spokes was established as a global business and has focused on delivering to SME markets around the world. We’re not executing on that strategy and we’re delighted that so many of our first investors are with us on this journey.”
9 Spokes’ platform allows small businesses to aggregate their various cloud computing application on a single dashboard, helping them track and peer-review their performance.