$1 million fund aims to find the next big NZ business

Author
Newstalk ZB,
Publish Date
Wed, 10 Jun 2020, 1:58PM
Photo / file
Photo / file

$1 million fund aims to find the next big NZ business

Author
Newstalk ZB,
Publish Date
Wed, 10 Jun 2020, 1:58PM

A group of 10 investors is being brought together in a $1 million fund to find the next big New Zealand business.

The scout programme is part of the Hillfarrance venture capital fund with each investor putting in $100,000.

Los Angeles-based chief executive Rob Vickery told Mike Hosking Kiwi entrepreneurs have more substance and less of a sales approach than in Silicon Valley.

He's looking for the crazy and outlandish innovations which will become the next billion dollar business.

"They have got wonderful and innovative ideas, and a really key eye for building self sustaining businesses."

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