HealthTech Innovation & Investment Workshop 2017

Callaghan Innovation, along with CMDT, ATEED, MTANZ and James & Wells will hold the 4th HealthTech Innovation & Investment Workshop as part of HealthTech Week on Wednesday, 21st June at The Hilton Hotel in Auckland.

This full-day workshop provides a forum for investors and Healthtech companies interested in raising capital, and a space for entrepreneurial clinicians and scientists to meet and identify collaborative funding and partnership opportunities.

The workshop comprises of two sections: showcase and upskilling

Showcase session will feature eight NZ companies with a focus on technologies that are patient-centric, or help people live longer and better lives in the community.

This year’s upskilling session focusses on ‘Growing Global’.  Experts will share insights on investment readiness, regulatory landscape, capital raising and clinical translation.

Register now to ensure your place!

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Powerhouse New Zealand Portfolio Showcase Briefings

Photonic Innovations Limited is currently raising capital to position itself for rapid Australasian expansion in the short term and, ultimately, international growth in the medium term. The company uses patent-protected laser-based spectroscopy techniques to detect dangerous, and sometimes deadly, gases in industrial workplace applications – a global, multi-billion dollar gas leak detection market. With a compelling competitive advantage over incumbent technologies Photonic Innovations is strongly positioned to become a leading global provider of gas leak detection equipment; saving time, money and enhancing health and safety outcomes for target clients.

For more information or to discuss an investment in Photonic Innovations please contact:

Powerhouse New Zealand Portfolio Showcase Briefings

Powerhouse is bringing five portfolio companies on a roadshow around New Zealand and we will be visiting Christchurch.

Date: Monday 22 May 2017
Time: Commence at 4.30pm
Venue: Rydges Latimer Christchurch, 30 Latimer Square, Christchurch Central

Details are available on the Powerhouse website.

Filed under: News

Is future of NZVIF…NZVIF2.0?

The NZVIF programme was set-up to catalyse a venture capital industry in New Zealand.  It’s had some successes and had some misses.  Is the next phase of development for the industry going to be to leverage this public asset to support the creation of one big fund?  Is such an intervention needed? Who’s going to manage it?

The government has made it clear that it is not going to continue with NZVIF as we knew it and has asked NZVIF management for options for how it might exit direct management of the asset.  We don’t know what is being proposed but one of the options, that appears to be under consideration, is leveraging the VIF asset as a cornerstone investor in the creation a new $300M fund.  Such a fund, we presume, would need to be supported by capital raised from other private, institutional or corporate sources.

The comments that follow come from a biased position.  We are an existing VIF manager and, in the past, we were reliant on the VIF programme to do what we did.  In a small part, the future opportunity for VIF is dependent on how we perform.

That said, our view is:

  1. Let’s debate and evaluate the alternatives for how investment in the sector can be stimulated and sustained long-term without direct government involvement.
  2. We love the aspirational shift in the debate to stretching for Kiwi funds of a meaningful and sustainable size.
  3. We should take this opportunity to ensure we have a sustainable venture investment sector underpinned by several funds of reasonable size and not place all our chips on one big bet.  Such an approach is good for competition, good for entrepreneurs and good for the sustainability of the sector.
  4. We should make sure that these funds are right-sized for the market opportunity and for ensuring success for the fund’s investors.
  5. International best practise should be applied to the selection of the managers.  Who’s best placed to do this?

See full article here.

Filed under: News

Spark invests in homes.co.nz Real Estate website

Spark, through Spark Ventures, has bought an unspecified minority stake in PropertyNZ, the company behind the Homes.co.nz real estate web site.

PropertyNZ said the investment would support its ambitious growth plans to further disrupt the property portal market in New Zealand. CEO and co-founder, John Holt, said the investment would fund the 18 month old business through to a break even position and provide significant capacity for accelerating growth.

Spark Ventures CEO, Ed Hyde, said the company had made the investment for several reasons. “They are well placed to make an even bigger mark in the rapidly growing area of digital services for the home. They have a great team of seasoned New Zealand entrepreneurs and relevant international experience, and we see a lot of potential cross-benefits with some of our other services and customers.”

PropertyNZ was founded in 2013 and launched its web site in late 2015 after securing investment from online trading company Trade.me, which took a 13 percent stake for an unspecified amount.

Jamie Kruger, PropertyNZ chairman and co-founder, said the company was eager to help homeowners with decisions beyond the buying and selling of property. “Spark is a great fit as they understand the opportunities associated with successfully engaging with homeowners,” he said

PropertyNZ claims that Homes.co.nz “caught the attention of Spark by freeing up property data like sales histories and estimated values on a map interface and quickly growing to 300,000 monthly users in 12 months.”

It says much of this data was not freely available prior to the nationwide launch of Homes.co.nz in 2016. It says the company is in a healthy state having surpassed $1m in annualised revenue in its first year of operation.

Kruger said: “We’ve been blown away by the interest Kiwis have in the property data we’ve freed up. Property records for 1.7 million homes are now viewed 1.6 million times a month.”

Holt added: “Our focus on homeowners who are not buying or selling will increase as we add a wide range of calculators and tools to help manage your home and enhance its value.

“Helping Kiwi’s plan for their longer term property aspirations and significant projects on their current home is all part of our vision of being much more than just a property listings portal. … We’re connecting with homeowners to support their entire property journey, whether they are just getting started, have plans for a new kitchen, warmer home, or finding that perfect home by the beach to retire.”

Original article.

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Major International Blockchain Conference coming to New Zealand

The Blockchain and Smart Contracts are set to transform the world.

This event is about helping people to understand how the blockchain and smart contracts are going to change & disrupt every business sector from agriculture to finance.

The event is aimed at anybody who wants to know what all the fuss is about including CEO’s, Directors, Entrepreneurs, Project Managers, Programers in every business domain . We will take you on a journey from teaching you the basics through to exploring some of the real life ways that blockchain technology is being used to disrupt business models and transform our society.

See more and register here.

 

Filed under: News

Launch – 2017 Investor’s Guide to the New Zealand Technology Sector

Join us as we celebrate the launch of the 2017 Investor’s Guide to the New Zealand Technology Sector by exploring investor/investee relationships.

This year’s report presents the case for international investment by mapping the New Zealand tech story and outlining our country’s competitive advantages. The Guide, developed in partnership with the Ministry of Business, Innovation & Employment (MBIE), will be launched as part of Techweek AKL 2017. The event will feature a unique panel discussion with investors and their portfolio NZ companies sharing insight into capital raising, strategic alignment and managing relationships.

Register here.

Filed under: News

Angel Investors warned about being too passive, not doing due diligence

A new survey suggests wealthy angel investors are not taking as close a look as they should into some of their investments.

Research by Massey University management master’s student Hattaf Ansari shows that only 75 per cent of the 88 active investors surveyed had done their own due diligence for all their previous investments.

That left a quarter who did not, suggesting that they had invested in ventures before by relying primarily on others’ opinion – or doing no due diligence.

And that’s active investors, not the large swathe of “passive” angels keeping an eye on the industry.

Ansari said the survey also indicated that Kiwi investors were cautious and liked a second opinion.

Only 46 per cent relied on their own abilities, when asked who they preferred to rely on for conducting due diligence.

Ansari said the implication was that Kiwi investors frequently invested in ventures they did not have “adequate knowledge or expertise in” and hence relied on others to confirm their decision.

“It is a way for them to minimise the risk of investing in ventures they do not have experience in. ”

See full article here.

Filed under: News

Huawei to open Chch Innovation lab as part of $400M NZ R&D investment

A major investment announced by Huawei today will support our efforts to build an innovative, world leading economy, Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith say.

Chinese telecommunications equipment manufacturer, Huawei, has announced it will commit up to $400 million over five years to research and development and digital innovation in New Zealand.

Highlights of the investment include:

  • $250 million in procurement from New Zealand companies
  • Working with local partners to build a New Zealand Cloud Data Centre
  • Opening an Innovation Lab at Victoria University of Wellington in 2017
  • Building an Innovation Lab in Christchurch
  • Expand the Seeds for the Future University Student Programme to 100 ICT students

“The depth of the investment will touch many areas of the economy and open up global opportunities for New Zealand. The initiatives that Huawei is committing to will also help strengthen our research and development activity and capability building in the digital and technological world,” says Mr Bridges.

“International connections are important if we are to be productive and competitive in the global market place.  Having access to the resources and technology lifts our ability to be innovative, agile and productive. We have identified this as a priority in the Business Growth Agenda,” says Mr Bridges.

“We must attract quality international investment to get the growth we need to deliver more highly-paid jobs for New Zealanders,” says Mr Bridges.

“New Zealand’s hi-tech sector is one of our fastest growing sectors. The Government is investing in the sector through the $411 million Innovative New Zealand package, in order to lift total government investment in science and innovation to $1.6 billion by 2020,” says Mr Goldsmith.

“The establishment of another New Zealand-based Cloud Data Centre will be a step forward for local companies and institutions looking to test new innovations on a locally-based platform, while the expansion of the “Seeds for the Future” programme will give 100 of New Zealand’s brightest ICT and engineering undergraduates the opportunity to learn offshore and bring those skills home,” says Mr Goldsmith.

Filed under: News

ArcAngels and NZVIF to invest in women-led startups

ArcAngels – the women-led angel investment group focused on women entrepreneurs – and the New Zealand Venture Investment Fund (NZVIF) are partnering to invest into women-led start-up companies. ArcAngels chair Cecilia Tarrant said the group hopes to replicate the success of the New York-based, women-led angel group, Golden Seeds. One of the leading success stories in angel investment in the US Since 2005, Golden Seeds has invested over US$80 million in more than 76 women-led companies.

This is the seventeenth partnership NZVIF has entered into through its Seed Co-Investment Fund. To date, NZVIF and its angel partners have co-invested around $142 million into over 150 companies. NZVIF investment director Bridget Unsworth said “the partnership is expected to invest into around 10 to 15 young companies during the first 12 to 18 months. With NZVIF committing on a matching 1:1 basis, it doubles the capital available to a company than would be the case if we did not have the partnership.

See more here.

Filed under: Uncategorized