Government backing is also available for new businesses, courtesy of the recently launched SCIF (Seed Co-investment Fund) programme, in which the New Zealand government acts as a passive co-investor, matching up to $250,000 worth of angel investments. The aim of this initiative is to try and persuade more entrepreneurs to stay in New Zealand, rather than explore funding opportunities elsewhere.
New angel investment groups are starting to crop up within New Zealand, where recent headlines refer to millions of dollars being invested via various angel investment partnerships for start-up businesses. They all seem to cite the same reason for building such partnerships, stating that many prospective start-up companies struggle to get their ideas to market successfully because of the difficulty in finding willing partners who have the contacts and the capability to assist them.
Thankfully, over the past few years, new avenues of communication have made it easier for local entrepreneurs to connect with angel investors. But knowing someone who has these "contacts" can be difficult, but now the Angel Investment Network has set up a branch in New Zealand. This gives local start-ups the chance to put their ideas online and hopefully arrange meetings with angel investors. One big advantage is that the network already contains many investors from all over the world, as well as from a wide range of industry sectors. So, no matter how niche your business ideas may be, chances are there is someone who specialises in such matters, with vital contacts and business acumen.
Find out more about angel investors and entrepreneurs in New Zealand at http://www.newzealandinvestmentnetwork.co.nz
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The Angel Investment Network currently includes a wide range of New Zealand and International investors looking for investment opportunities, along with entrepreneurs around the world looking to get their business off the ground.