Five things you wish New Zealand would do to support the tech sector
- I don’t have five things, I have one thing. While I do think there is money in the system to fund start-ups and I do see a lot of good businesses get funding, I think as a nation we are very conservative investors. Many of the riskier and big idea start-ups need to head offshore for their later stage rounds. On one level, this can be beneficial as offshore money typically also comes with international scale expertise and deep networks – both which are crucial to scale. My concern is that as a nation, this also means we lose a lot of the benefit when that company exits as the money stays offshore. So I would love to see more later stage funding of companies, especially those with unconventional ideas – ‘moonshots’ as we like to call them in the US.
Five things that can be done to support tech entrepreneurs
- Make the planes faster.
- Make the days longer.
- Make the caffeine stronger.
- Make the money go further.
- Make the customers say yes quicker.
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).
Idealog is part of ICG. We work with clients like Woolworths New Zealand, All Good, Huffer, Liquorland, Resene, Citta Design, TVNZ, Spark and FCB on their event activations, in-store, in-office or out-of-home signage, content creation and vehicle wraps.