New Zealand

New Zealand

Activation Phase
MEMBERS:
Ministry of Business, Innovation and Employment

New Zealand startups are increasingly targeting overseas markets and nailing unique, but significant, global niches. Critical focus points for our ecosystem are building more active and diverse partnerships and boosting deep tech commercialisation.

Vic Crone
Chief Executive at Callaghan Innovation

Sub-sector Strengths

Agtech & New Food

New Zealand is home to over 90 Agtech startups. BioLumic, which uses applied agricultural science to increase crop yields with UV devices, raised ~$15 million over 6 rounds. Auckland’s Revolution Fibres raised ~$3 million in 2020 (Series A). New Zealand has been selected as the first partner state for Farm 2050, an international consortium of large agricultural and tech companies.

Life Sciences

The health tech sector in New Zealand has been growing rapidly with revenues of $1.9 billion and sustained revenue growth with a 5-year CAGR of 9.1%. The sector is increasingly delivering effective solutions to big health problems, including through deep-tech startups such as HeartLab, a deep learning based solution for echocardiography. Biomatters, a leading provider of DNA data analysis solutions worldwide, was acquired in 2019 by US company GraphPad. As a life science Technology Incubator, Brandon Capital will curate and seed promising life sciences research discoveries.

Why you should invest in New Zealand

TOTAL EARLY STAGE FUNDING
$192 m
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$1.5 bn
GLOBAL AVG.
$10.5 bn
Top 20 APAC Ecosystem
Funding
Top 30 Emerging Ecosystem
Talent
5
Exit Growth
INDEX
5
Investor Activity
INDEX
3
Funding Growth
INDEX

Reasons to move your startup to New Zealand

MEDIAN SEED ROUND
$535 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$2.5 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$49 k
GLOBAL AVG.
$42.1 k

A Collaborative Startup Ecosystem

New Zealand has the highest per capita ratio of angel investors in the world, 1,000 angels in a nation of 5 million. The Scale Up NZ platform allows businesses to form connections with investors, incubators, regional advisors, multinationals and other collaborators.

Funding Support

A refundable 15% R&D tax credit offers support to pre-profit startups. The government of New Zealand has launched a $300 million matching fund for investment in early-stage startups. This fund will be managed by NZ Growth Capital Partners. New Zealand’s Tech Incubator program offers support for deep tech startups.

COVID-19 Policy

New Zealand announced a comprehensive crisis response support package, which included a wage subsidy scheme to support businesses, including pre-revenue companies, and approximately ~$4.1 billion Business Finance Guarantee Scheme and insolvency support. The package also contained a ~$99 million loan scheme to support R&D firms.

Startup Community

Startup Genome
Members

Startup Genome
Partners

Angel HQ
Angel Association New Zealand
BizDojo
Blackbird Ventures
Brandon Capital Partners
Bridgewest Ventures
Callaghan Innovation
Creative HQ
COIN South
Flux Accelerator
Lightning Lab
Enterprise Angels
Equitise
Flying Kiwi Angels
GD1
Global Entrepreneurship Network
Icehouse Ventures
KiwiNet
Kōkiri
Ministry of Awesome
Movac
New Zealand Trade and Enterprise
New Zealand Growth Capital Fund
Northland Inc
SODA Inc
Sprout
Startup Dunedin
StartupWeekend
Startup Queenstown Lakes
The Factory
ThincLab
TIN Network
WNT Ventures
ZeroPoint Ventures

Featured Articles from
Local Ambassadors

Dil Khosa
In the last decade, I have worked in tech & science startup development, across the New Zealand ecosystem. My next goal is to be able to connect & make cohesive, disparate parts of this ecosystem as well as bring more diversity to it. As a small nation, we have to work together to build a sustainable knowledge and digital economy (currently the 3rd contributor to our GDP). I am here to support this goal as part of a connected ecosystem.
Dil Khosa | Ambassador
Jackie Young
Connecting entrepreneurs, academics and industry through the ecentre business incubator at Massey University. Originally from Seattle, Jackie brings international experience and perspectives to New Zealand's dynamic innovation ecosystem.
Would you like to be an ambassador in New Zealand?
Contact Us

Get connected

Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.