TINWire: Cleantech drawing lion’s share of investment

27 March 2024

Kia ora koutou,

On your mark, get set, go: sprint ahead of the competition in the race to scale and succeed. Get a headstart by marking your calendar and saving the following key dates: 18 April for a free workshop on how to succeed in North Asia and 23 May for the launch of our Fintech Report. Our members can also look forward to a series of intimate and informal dinners across the year. Leaders, keep an eye out for that invite in your inbox! Plus, any TINWire subscriber can join launch events across the motu for the Absolute IT 2024 IT Job Market & Salary Report.

One aspect of the job market – productivity – was captured at length in the Productivity Commission’s final report, Business by the Numbers. Corroborating TIN’s observations, the report highlighted that NZ’s big tech exporters are engaging in overseas direct investment activity at a higher proportion than other sectors, as well as singling out hiring challenges faced by high-wage firms seeking skilled workers.

As job cuts dominate headlines, a good news story is that cleantech – tech that enables a decarbonised, greener future – has been drawing the lion’s share of recent investment. Both local and overseas investors are backing Kiwi firms. Notable deals were made by Fabrum and Mint Innovation.

For a deeper dive on how New Zealand can provide technological solutions to that most global of challenges, climate change, check out our interviews with Link Engine Management and Seequent.

As always, if you have any questions – whether they be about upcoming events, featuring in future TINWires, or data about the wider tech ecosystem – don’t hesitate to reach out to us at admin@tinetwork.com.

Ngā mihi nui,
Lucy Diver
Technology Investment Network


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