Investor’s guide to New Zealand’s technology sector
Published: 22 May 2019
To attract investment and drive productivity in the sector, the Ministry of Business, Innovation and Employment (MBIE) has partnered with the Technology Investment Network (TIN) to develop the 2019 investor’s guide to the New Zealand technology sector.
The technology sector is New Zealand’s third largest export sector, and grew by more than $1 billion last year. Investment in the tech sector is also growing, with international corporations and investors interested in the work that Kiwi firms are undertaking.
“New Zealand has an international reputation as a highly innovative country, with ambitious firms that are finding solutions to some of the world’s biggest challenges,” says Dean Ford, General Manager, Economic Development and Transitions.
“This guide developed by TIN, showcases our thriving digital sector and will help to attract more investment from potential international corporations and investors.”
New Zealand is an attractive place for international investment, with successful Kiwi tech companies becoming world-leading in their fields.
“Our Kiwi can-do attitude and ambition has resulted in world-leading companies such as Weta Digital, Rocket Lab, Xero and Soul Machines. From the invention of the electric fence, to artificial intelligence technology, Kiwi companies are leading the way.
“The New Zealand Government also encourages and supports international firms to undertake their research and development activities in New Zealand. The R&D tax credit, which came into legislation earlier this year, will allow companies to access a 15% tax credit, of up to $18m per year, on their R&D spending in New Zealand.
“With $11.1 billion of revenue generated in the past year, it is no wonder we are seeing record levels of angel investment in New Zealand’s technology sector, and more international firms wanting to do business here,” says Dean Ford.
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