Kia ora koutou
Freedom Day is well and truly upon us, and in Tāmaki Makaurau we’re still celebrating after nearly four months in lockdown. It’s been great to see our hospitality sector back in business and the public tempo lifts a notch as freedoms return and the new pandemic framework beds in throughout the motu.
Meanwhile, the upbeat tempo of the tech sector continues unabated. The global pandemic has helped open doors for many tech companies, including frequency control manufacturer Rakon (TIN no.20) whose profits have surged, thanks in large part to the global chip shortage. Deep tech manufacturer Foundry Lab has just completed a successful $12 million Series A round with its game-changing metal casting process exciting investors. The Wellington-based early-stage company has plans to scale globally, but says it’ll keep its engineering and R&D base firmly in Petone.
And Dunedin-based Scott Technology (TIN no.13) is showing the world the value of applying smart technology to the meat industry with its announcement of a $19 million deal to design, build and commission an automated beef-boning system — the first of its kind in the world.
COVID in all of its variants continues to put nations across the globe on alert, and there’s no room for complacency on what will continue to be a rocky road ahead. But the tech sector has shown us that resilience, creativity and innovation can achieve unprecedented investment opportunities and record growth, and we’re seeing plenty of that right here on home soil.
Kia kaha Aotearoa
The TIN Team
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