Infographic: Funding sources for Kiwi tech firms
- 24 October, 2013 07:37
The 2013 Market Measures report shows that most Kiwi tech companies (88.8 per cent) use cash-flow to fund their enterprise. A strong 26.6 per cent of them still turn to friends and family for funding, followed by 20.2 per cent who turn to the bank and 10.6 per cent who receive funds from government grants.
The report finds that only 5.9 per cent of tech firms use venture capital or angel funds at 2.1 per cent.
The infographic below presents a graphic representation of these sources of funding.
Check out more and download the report from here.