New Zealand Venture Investment Fund Ltd (NZVIF)

NZVIF is responsible for the implementation of two programmes.

The VIF venture capital fund (VC) programme is a ‘fund of funds’ that aims to invest  $160 million, alongside private sector co-investors, in a series of privately managed venture capital investment funds.  The VC programme has the following goals:

·        to accelerate development of the venture capital industry by increasing the level of early-stage investment activity in the New Zealand market

·        to develop a larger pool of people in New Zealand’s venture capital market with skills and expertise in seed and start-up investment

·        to facilitate commercialisation from CRIs, universities and the private sector

·        to get more New Zealand businesses on paths to global success by increasing their access to international experts, networks and market knowledge.

NZVIF is also responsible for the implementation of the Seed Co-investment Fund (SCIF).  Through this programme, NZVIF aims to invest up to $40 million over the next five to six years, alongside approved partners, in small- and medium-sized businesses which are unable to attract venture capital funding because of their size.