16 October 2019
Technology Investment Network (TIN) is delighted to welcome NZX and BNZ to its partner portfolio, joining existing sponsors New Zealand Trade and Enterprise, Absolute IT, EY, and James & Wells.
“It’s a dynamic time to be working in the NZ tech sector, and we are thrilled to have NZX and BNZ on board with us as we bring to life the data that tracks and measures this sector’s ongoing growth,” said Greg Shanahan, Managing Director of TIN. “Like TIN, NZX and BNZ are passionate about working with NZ tech companies to help them get ahead, so the alignment of values between our organisations is very compelling.”
NZX will become the sponsor of the Early Stage Companies category in the 2019 TIN Report & Awards, which recognises ten of the most promising early-stage companies as selected by TIN’s team of industry research and data analysts. These companies are in an early stage of the company lifecycle, either development, pre-commercialisation or in-market stages.
NZX Chief Executive, Mark Peterson, says the performance of the S&P/NZX All Technology Index reflects the great backing for technology stocks within our local market, saying, “We’re really proud of our record in supporting the growth and global ambitions of companies like Xero, Pushpay, Serko, Vista Group, Plexure and others – and we’d love to see more Kiwi tech innovators on show."
Mr Peterson says technology is also enabling transformative change in New Zealand's capital markets, such as crowdfunding, peer-to-peer lending, robotic and Artificial Intelligence (AI) advice, and online-only platforms that are removing some of the traditional barriers to investment.
As part of its partnership with TIN, BNZ is sponsoring the Market Sector chapter of the 2019 Report, which gives a primary sector overview of the top 200 TIN companies by revenue.
“The technology sector is such a significant opportunity for the New Zealand economy,” says Tim Wixon, Head of Tech Industry at BNZ. “We continue to be excited to see and work with an increasing number of high potential and high growth tech businesses that are innovating and succeeding on the global stage.”
Since the first TIN Report was published 15 years ago, the network of surveyed companies has expanded from 70 in 2005 to nearly 1,000 companies in 2019, which is reflective of the exponential growth experienced by the New Zealand tech sector in recent years. “By helping nurture the environment in which those early-stage companies grow will mean the sector continues its unabated growth and momentum,” Mr Shanahan added.
NZX’s Mark Peterson will present the NZX Early Stage Company awards at the 2019 TIN Report Launch and Awards in Auckland on Thursday, 31 October. Registration is available here.