01/06/2018

Investor Money for Migrant Businesses

Zino New Kiwis Challenge, organised by Zino Ventures for Techweek Tauranga 18. 

If your business has global potential, New Zealand’s first Chinese angel fund wants to support you - with cash, mentoring and maybe even a trip to China. Zino New Kiwis Challenge founding partner Nelson Wang and CEO David Wang visited Tauranga’s Basestation to encourage entrepreneurs to apply for investment funds as part of this year’s competition. The three-month contest is open to registered, for-profit companies in New Zealand where at least one founding member is a migrant. Applications close the 25th of June, and a winner will be announced the 30th of August.

Nelson Wang said Zino wants to help migrant-lead businesses expand into markets such as China and Singapore. “We want to help you understand what resources there are and help get you there.” Zino’s Growth Fund aims to invest $1 million to $2 million in Kiwi companies that have seen success in New Zealand which provide a unique proposition in Chinese-speaking markets.

Rotorua’s Laurens Gormachtigh attended the New Kiwis event at Basestation. The Belgian migrant started a chess coaching business called Chess Minds, which may one day include an app. “I wanted to go full steam ahead and build up all the opportunities. I also have a strong affinity for China. It would be interesting to explore more opportunities and participate in the competition, as well.”  

For more information and to enter the Zino New Kiwis Challenge, visit http://www.zino.co.nz/2018-new-kiwis-challenge/

Techweek is New Zealand’s annual festival of innovation which included more than 500 events nationwide from 19-27 May 2018. It featured regional, national and international speakers and companies. This year’s theme: innovation that’s good for the world.

Techweek Tauranga 2018 is curated, coordinated and promoted  by Venture Centre.
Venture Centre works to connect people on enterprising journeys - with each other and the mindset, skillset, toolsets, networks and resources they need - to build an ecosystem that delivers real-world, learn-by-doing events, activities, projects and experiences.
Techweek Tauranga 2018  is supported by Tauranga City and Western Bay of Plenty District councils.

Read 1321 times Last modified on 01/06/2018