The gap in New Zealand's capital markets needs addressing urgently writes Franceska Banga.
We have seen considerable progress over the past five years in the development of the pipeline of these companies.
Exciting commercialised technologies are emerging from our universities and crown research institutes, spending time in business incubators, and receiving angel investment to take their ideas to market. Other private sector innovation is following the same path.
This is evidenced in the burgeoning angel investment sector - usually the first source of external investment for young start-ups. It has grown from around $20 million a year in 1996 to currently over $50 million annually. These angel-backed companies are progressing through the pipeline, nearing the point where they need investment capital beyond the capacity of most angels. Many are staring into the valley of death and wondering how to cross it.
To read the full, original article click on this link: Start-ups find their progress stalled by 'valley of death' - Markets - NZ Herald News
