The business of technology

The business of technology

The latest Technology Investment Network (TIN) Investors Guide has drawn its information from the top 200 New Zealand technology firms. Highlights of the Guide include:

*Revenue growth in 2016 came from Auckland and Northland 12.2%. Hamilton 11.1%. Central North Island 0.9%.Wellington 15.3%.South Island 9.2%.
*An increase of 239% in foreign investment in early stage technology companies.
*Revenue growth of the past year of 12% (over $1B).
*Growth across every New Zealand region.
*Highest growth sectors are FinTech 23.1% and Digital Media 15.9%.
*The New Zealand technology sector contributes 16.2B of national GDP, consisting of 28,749 forms, employing 98,900 workers.
*$6.9B generated in offshore revenues.
*Technology is New Zealand’s third largest export sector.
*21% of the companies now have revenues exceeding $50m.

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