Investing in New Zealand
A number of New Zealand companies are seeking alliances with the Silicon Valley’s tech investors and entrepreneurs in an effort to grow and extend their reach into world markets. “Everyone realises the best thinking around technology and the smartest capital exists in the Valley,” said Brad Jones, North American team leader for Investment New Zealand, the country’s national investment promotion strategy, who matches high-growth New Zealand businesses to international investors. Since 2008, U.S. venture firms have invested about $20 million in New Zealand companies. “I think with our efforts, we’re gaining enough critical mass where you’re going to be seeing a lot more of us here,” said Calvin Cheong, investment manager for Investment New Zealand.