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New project to attract offshore capital under way

The project "is working with an international investment bank on options for attracting offshore VC funding", with an update due by the end of next month.

A project to attract foreign venture capital to New Zealand are under way in a project revealed today by a progress update from Commerce Minister Simon Power on the recommendations of the Capital Markets Development Taskforce.

Investment New Zealand, the national investment promotion arm of New Zealand Trade and Enterprise, is leading the effort, in consultation with the Ministry of Economic Development, the New Zealand Venture Investment Fund, and the New Zealand Private Equity and Venture Capital Association.

Full Story: http://www.sharechat.co.nz/article/ad56cfc5/new-project-to-attract-offshore-capital-under-way.html

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