Government money remains important to VCs.

Before the early 2000s, venture capital (VC) in New Zealand was typically provided by corporations, government grant schemes and state development funds and wealthy individuals or family offices.Setting up the New Zealand Venture Investment Fund (NZVIF – see profile) as a fund of VC funds in 2002 was the government’s third attempt at creating the infrastructure to support local start ups and nascent businesses. The…

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