Despite Covid-19 challenges, New Zealand’s game development sector has gone from strength to strength, rising by more than 59 percent in exports in the last financial year to reach $324 million.
NZTech chief executive Graeme Muller says this news is a great example of the continued growth and success of the whole Kiwi tech industry.
“New Zealand tech firms have been incredibly resilient as covid-19 impacted most sectors across the economy this year.
“We are seeing sectors like the game developers growing exports at exponential rates, local IT companies working through the night helping other sectors rapidly become more digital and a new wave of high growth companies raising funds to expand globally.
The results were announced by the NZ Game Developers Association following their annual survey. A rise of 59 percent speaks to the quality of the companies and the intellectual property being generated in New Zealand and it’s supporting cities.
Within the past few weeks two incredible NZ tech firms have raised more than 20 million each to support their continued development.
Mint Innovation has worked out how to use biotech to extract gold from old electronics and have raised $20 million to build gold biorefineries, and Sharesies has raised 20 million to support local expansion for their app which allows every-day Kiwis to trade shares no matter how much money they have.
Despite this, Muller says most tech firms are being constrained at the moment as they struggle to recruit highly skilled specialists into their rapidly expanding teams.
“NZTech has asked cabinet ministers to urgently consider allowing more rapid entry of targeted candidates with these critical advanced digital skills.”
Minister for the Digital Economy and Communications, David Clark, says he is confident that the tech industry will continue to help the country’s economic recovery from Covid-19 through delivering weightless exports, continuing to create jobs throughout New Zealand and by developing a range of products for a global audience.
“I am excited to see this industry progress and look forward to working with it on the opportunities ahead.”