Aussie VCs in search of Kiwi startups wanting funding

A number of Australian venture capitalists will visit New Zealand in August in search of tech startups looking to raise capital

A number of Australian venture capitalists will visit New Zealand in August in search of tech startups looking to raise capital under an initiative co-sponsored, reportedly, by Amazon Web Services and New Zealand Trade & Enterprise (NZTE).

According to the website “The only real criteria is that you must have a tech business to apply, and that you're currently raising (or planning to raise in the near future) - anything from seed to series B.  

Sessions will be held in Auckland on 24 August at which “12 of the best tech startups will pitch - six over breakfast and six over lunch,” and in Wellington on 25 August at which “six of the best tech startups will pitch over breakfast.” Deadline for entries is 21 July.  

The official website provides little other information but Peter Wren-Hilton of Wharf42 Consulting, writing in a blog, says the visit is cosponsored by AWS and NZTE and is being organised by Sue Hogan, program manager for SBE Australia.

“Sue confirmed that the in-bound list was looking great with representation from several of Australia’s top tier VC firms,” he said.  

Wren-Hilton also suggested that the initiative had been poorly promoted. “One of the interesting things about next month’s visit to New Zealand by our Aussie mates is that I knew nothing about it until the end of last week. Absolutely zero,” he said. “It has had little to no real visibility in the channels I would normally expect to see coverage for such an event.”  

The website of the initiative is provided by judgify.me, an awards management and judging system. Computerworld was unable to find any other information on the initiative.

 

 

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