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An angel at the board tableThe New Zealand Venture Investment Fund would like to hear from the more angelic among us. The drive continues to find angel investors - well-heeled individuals prepared to invest their time and cash in early-stage startup companies.Two years ago, Crown-owned NZVIF launched a campaign to increase New Zealand's choir of angel investors to 1000. Almost two years and a global financial crisis later that target hasn't been met. Andy Hamilton, chair of the Angel Association, believes they may be halfway there. The sector has decided to take its eye off the magic 1000 but to continue to actively recruit angels. "We are very focused on continuing to bring new networks, new groups into this area," NZVIF chief executive Franceska Banga says. "And we're certainly still looking for new partnerships." Angel investing has grown despite the recession, she says, with $50 million invested by the country's 12 angel networks last year, the largest amount yet. NZVIF is planning another recruitment drive this year, as are some of the individual networks such as Ice Angels, the angel investing group attached to the University of Auckland's Icehouse business incubator. The Herald on Sunday spoke to three angel investors to discover the light and the dark side of angelic business activity. Wins and a loss, all fun When John Dow returned to New Zealand five years ago to semi-retire he decided he needed something "to keep myself active and professionally involved". "Somebody suggested I get into investing in startups, but I hadn't heard the term 'angel investor' until after I had done a couple of deals." The former Australasian chief executive of global gold producer Newmont Mining Corporation says he was used to taking significant business risks. The Nelson resident first joined the Ice Angels in Auckland, and helped set up the Nelson Venture Accelerator Network providing opportunities for investors in his local area. After four years of angel investing Dow knows how important their contributions are to help expand a new business in New Zealand. "Entrepreneurs get to that point where friends or family or neighbours can no longer offer the significant funds they need to get to the next stage - say $200,000 or $300,000." Source.www.nzherald.co.nz Govt urged to back innovative start-upsNew Zealand's entrepreneurial community is asking the Government to back innovative start-up businesses through allocating some funds from intellectual property fees and from the New Zealand Superannuation Fund.Their "white paper" has been written in the last few months incorporating ideas from the Entrepreneurial Summit in Auckland last May and has been received by Research, Science and Technology Minister Wayne Mapp. "We don't back ourselves," says spokeswoman Dorenda Britten for the Entrepreneurial Summit and Development Working Group. Their key recommendation is that the Intellectual Property Office (Iponz) increase its fees with the additional revenue used to finance an "Early Stage Innovation Fund" for young companies. The report says that is fiscally neutral as the additional revenue was not available now and its use would not affect other budgetary requirements. The proposed new fund would access intellectual property (IP) from New Zealand universities and crown research institutes (CRI) on a "first right of review" basis which would mean the fund would get the first look at all IP originating from those institutions. The benefits included speeding up the rate at which universities and CRIs commercialised intellectual property and would lead to the establishment of more businesses and drive more contract research back to universities. Members of the group included Maurice Boland, the former general manager of 3M in New Zealand, Franceska Banga from the New Zealand Venture Investment Fund, Will Charles from Uniservices at Auckland University, Mark Stuart from Waikatolink, a local incubator, Peter Bradley from Qatalyst in the biosector, Dorenda Britten from the design sector and Chris Locke from Enterprise Northshore, an economic development agency, and Claire McGowan from the biosector. It recommends the NZ Super Fund invest a small proportion of funds as venture capital in innovative businesses but acknowledges this required Government direction. In Australia 5 per cent of superannuation funds can be invested in venture capital but in New Zealand super funds struggled to invest venture capital because actuaries advising the funds considered there was not enough of this type of investment in New Zealand to form an asset class, the report says "However, we believe that the Super Fund's Guardians are not currently of a mind to allocate capital to this asset class so its involvement would probably need some form of Government direction or underwrite of the downside risk associated with such a capital allocation." Ad Feedback Another recommendation is that some of FRST (Foundation for Research, Science and Technology) grants be instead placed in a fund that could invest and be repaid by the new companies at certain milestones. The report said the recommendations were practical and could be implemented in the short term. The group believed New Zealand could do better with what it had. The only South Island member of the group, Dorenda Britten, said some of the group's recommendations were quite confronting in their simplicity. There was not enough questioning and "prodding" in New Zealand to keep testing to see whether the innovative idea could be successfully commercialised. The group believed there needed to be more rigour around the assessment of intellectual property accelerating the assessment process, and not pursuing something that did not measure up. Britten said the group was asking for only a small portion of New Zealand Super Funds to be invested as venture capital in new innovative companies. The taskforce examining crown research institutes said it was important for them to define their area of expertise and evaluate every year rather than each of them competing for the same pot of money. The group also advocated standard contract terms between research providers such as universities and CRIs and businesses using those services. Small companies found the research systems daunting while larger companies might view the relationship as risky and were concerned they might not be able to control the rights to any intellectual property that was created. Minister Wayne Mapp said he had met with the group several times in the past few months. The group and others had identified that New Zealand was innovative but had problems with turning the intellectual property into marketable goods and services. He would be meeting with the key authors Maurice Boland, Claire McGowan and Tenby Powell to discuss the issues more fully. Mr Mapp said the recommendation to raise Iponz fees was "challenging" and the Government would want to discuss that more fully. Asked about the New Zealand Super Fund investing venture capital in innovative businesses he said the Government had planned the Super Fund would invest 40 per cent of its fund in New Zealand and the fund would have to make "sensible judgments" about how it did that. The Prime Minister had said the Government had made research, science and technology a high priority in the up-coming Budget and a key way of doing that was through FRST and more about that would be revealed in the Budget. Source: www.stuff.co.nzKiwi Coffee Brit Hit It's the favourite tipple of New Zealanders wanting a caffeine hit and now the flat white is taking the United Kingdom by storm.Leading national cafe chain, Costa Coffee, introduced the Kiwi staple in late January and is crediting it with helping boost sales by 9.5 per cent in its latest quarterly report. Britain's The Times described the coffee as being "popular in Australia and New Zealand", and "similar to a latte but with slightly less milk". Up until now – bar a couple of Kiwi-run cafes in London – New Zealanders seeking their flat white fix in the UK would have been sadly disappointed. Russell Armitage, a former Hamilton man living in the UK, said Costa Coffee was promoting the flat white heavily and it was – like our wine – a bit more expensive than other varieties. He'd first spotted it at an airport in Birmingham and ordered one straight away. "I asked the chap serving how long this had been available and he said only since January 28. "He said he thought it was an `antipodean' style of coffee. `Indeed it is,' I said, `New Zealand in fact, and it is something I have missed very much'. So I ordered one. "The flat white he produced was excellent. "As it happens there is a very well-known coffee shop in London run by New Zealanders called the Flat White (in Soho) but I have yet to try it." Mr Armitage said the only downside was that, despite a lot of training, the barista could not perfect the silver fern in the froth. Some things you can only get at home. Entries open for 2010 New Zealand International Business AwardsAmbitious New Zealand businesses determined to succeed globally can now enter the 2010 New Zealand International Business Awards. Developed by New Zealand Trade and Enterprise (NZTE) in partnership with the private sector, the awards recognise new approaches that businesses are taking to achieve international success. Entries open today and close on Friday, April 16. Entry forms are available online at www.nzte.govt.nz/awards.
“While winning an award carries plenty of prestige, all entrants get value from participating. Those companies that go through the entry and judging process get a valuable chance to benchmark their performance and receive strategic advice. “Events and forums built around the awards programme also provide business people with chances to promote their successes, network with other business leaders, and motivate their staff,” Mr Mayson said.
“The global economy has changed in recent months and will continue to evolve. What hasn’t altered is the need for New Zealand to remain relevant and engaged in the world of international business.
World of Wearable Arts artist pledges donationA plain white flag is the international symbol of surrender or truce. The flag indicates peace and is usually flown or waved in times of war. However, in the battle to gain votes in the People's Choice Award for the World of Wearable Arts one participant is using every bit of arsenal available by using the internet, social networking sites and the "feel good factor" to garner votes for his entry.White Flags is Kris Ericksen's entry to the World of Wearable Art's Illumination Section. It consists of 24 white flags made from ripped cotton that hang off a frame constructed of black plastic pipe. If he wins the People's Choice the artist has pledged to donate the prize money to UNICEF New Zealand's Solomon Islands Project. This project is for the refurbishing of 44 sub-standard schools in the Solomon's, and any donations (up to $500 000) are being matched by Gareth and Jo Morgan. The Solomon's Islands is a region which has seen its fair share of civil conflict and education is one of the key ways to help children recover, and to ensure the younger generation have the skills and resources necessary to prevent future conflict. For more information go to http://www.unicef.org.nz http://www.whiteflags.homestead.com or http://www.facebook.com and search for White Flags Source: Wearable Arts Search for most bike-friendly organisationHundreds of employers all around the country are encouraging their staff to swap their cars for bicycles as they get ready to vie for the title of New Zealand’s most bike-friendly workplace.Search Underway For New Zealand’s Most Bike-Friendly Organisation Hundreds of employers all around the country are encouraging their staff to swap their cars for bicycles as they get ready to vie for the title of New Zealand’s most bike-friendly workplace. Many organisations have signed up to give cycling a go in the annual Bike Wise Challenge – one of a series of two wheeled events taking place throughout February for Bike Wise Month. Bike Wise Month is New Zealand’s annual celebration of two-wheeled transport, with Kiwis of all ages encouraged to give cycling a go at one of hundreds of events taking place across the country throughout February. NZTA National Manager Road User Behaviour Michael Cummins says Bike Wise Month is aimed at highlighting the benefits of cycling and getting as many New Zealanders as possible onto their bikes. The Bike Wise Challenge is a fun, free, online competition which encourages organisations to get their staff on bikes from throughout the month. “It’s all about participation and encouraging people to give cycling a go. Participants can ride whenever and wherever they feel comfortable for just 10 minutes or 2 km, and there are prizes for the organisations who get the highest percentage of staff participating,” Mr Cummins said. The Challenge is a great team-building exercise for organisations that get involved. Experienced cyclists can help mentor the ‘newbies’ and encourage them to give it a go. Staff members who swap their car seat for a bike saddle often enjoy the experience so much they continue cycling after the competition. As well as the health benefits of cycling for individuals, there are also numerous benefits for the wider community, particularly when bikes are used for commuting which eases congestion on local roads. It’s also a cost-effective way to commute, with savings made on petrol, parking fees, and even gym memberships. Mr Cummins says the Bike Wise Challenge is a great way to encourage your staff or work colleagues to jump on their bikes and enjoy the benefits of this low-impact and healthy form of exercise and transport. “Cycling is also a great way to boost workplace morale– it gives teams that wouldn’t normally communicate a chance to interact, and encourages a bit of healthy and fun competition at work.” Open to any company or organisation in New Zealand, businesses of a similar size compete against each other in their region to see who can get the highest percentage of their members or staff in the saddle. Last year more than 14,000 participants signed up for the Bike Wise Challenge, with more than 13,000 of those logging at least one ride during the month. For more information on how your organisation can take the Bike Wise Challenge see www.bikewisechallenge.org.nz. Other Bike Wise Month 2010 Activities • Go By Bike Day: On Wednesday 17 February New Zealanders are being encouraged to bike to work or school instead of going by car. Breakfast events, including free food and entertainment, are being held in more than 50 locations. See www.bikewise.co.nz/Site/events for your nearest Go By Bike Day. • Mayoral Challenge: Held on Saturdays and Sundays throughout the month: New Zealand towns and cities will compete for the honour of the most ‘Cycle Mad City’ by getting as many people as possible to follow their Mayor on a gentle bike ride. The title of Cycle Mad City will go to the town or city with the highest percentage of their population joining in on their Mayoral Challenge. In 2009 Mayoral Challenges were held in 48 centres involving about 14,060 participants. For more information on Bike Wise Month visit www.bikewise.co.nz Practical Tips for Reducing Christmas StressSpread the celebrations out; remember that Christmas is a season, not just one day. That’s one of the suggestions from Relationship Services to reduce the stresses of Christmas. “Christmas is a time of celebration, a time to appreciate one another. Yet we know it is also a time when relationships can be put under enormous strain,” said Jeff Sanders, Relationship Services Chief Executive. “People get tired and often drink more. We might end up spending time with people we generally try to avoid. Sometimes we say or do something we wouldn’t normally.” “People we work with tell us how hard it can be to manage competing expectations from partners, friends and family at this time of year.” “There are simple things we can all do to make Christmas easier and more enjoyable. Relationship Services has come up with ten simple tips to help you stop and think about how you are relating to others, and give you practical tools for changing situations you don’t like,” said Mr Sanders. Christmas Tips from Relationship Services
1. Make time to relax with those you love. For more ideas and tips, go to www.relate.org.nz Twitter Wedding - Bridal Extreme MakeoverPauline Stockhausen has been using social media for quite sometime, and a few months ago she and Waiwera came up with a novel way to encourage participation in her wedding. The Bridal Extreme Makeover began when Pauline had the idea to organise her whole wedding through Twitter. She only wanted to use business’s who she had meet online. The concept of using social media to prepare for a wedding is something relatively new with only been done a few times overseas, and to their knowledge this is the very first for New Zealand. By using contacts sourced solely via social media networks such as Twitter, YouTube, FaceBook, LinkedIn; Pauline Stockhausen will prepare for her big day. Businesses have come on board for a number of reasons, some commercial others as a show of support. Most of people who know Pauline, know that she decided to organise her wedding through Twitter to help support the businesses that she has gotten to know over the last 6 months. Pauline was contacted by Waiwera (www.waiwera.co.nz) to talk about having her wedding reception at their premises. Pauline says she was surprised at first because she thought Waiwera was just hot pools, she had no idea they not only had a conference room but a beautiful Health & Beauty Spa with appearance medicine, a Dental clinic, gym and a big boat. When she was taken into the Conference room she immediately say that this was the perfect venue for her big day. After speaking with the Manager of Waiwera and the Day Spa Manager, she told them of her vision of “My Twitter” wedding and they asked if she would be interested in participating in an Extreme Makeover; including joining their gym, working with a personal trainer, enjoying facials, teeth whitening and lots more. Every woman wants to look their best on their wedding day but she just thought “well Jason loves me for me, and this is how I am”, Pauline was referring to having tried hard to lose weight, but with years and years of “yes I should”, but then finding that something always got in the way Pauline started her makeover challenge at the beginning of November and her progress will be tracked through her personal blog Bridal Extreme Makeover and through Twitter and FaceBook. Pauline will marry Jason on 6 March 2010. Double Kaitaia graduation triumphWhen best friends Bridget Dawson and Ashlee Peeters left Kaitaia for university three years ago their hearts remained behind. Now, after both graduating with a bachelor of business degree from AUT University yesterday, the pair says the world’s their oyster. Dawson, a 20-year-old from Ngati Kahu, Te Rawara and Te Aupouri majored in management and marketing. The A student graduated at the top in her degree and was invited to represent all graduating students to speak at the AUT Faculty of Business and Law ceremony. The university invited Kaitaia College principal William Tailby and head boy Jackson Davis and head girl Tyla Stevenson to attend the ceremony. Dawson said while she was nervous, the privilege of being asked overrode any stage fright she may have had. “It was a huge honour to stand up in front of my graduating class, their friends and families, and talk on their behalf; it is something I will remember for the rest of my life.” Dawson says moving from Kaitaia to Auckland was an eye-opener but it has armed her with a truck load of confidence. “Auckland was a culture shock but I enjoyed the diversity, challenges and opportunities that it presented, especially in my studies,” she says. “Kaitaia is a wonderful town to grow up in with its tight-knit community and I am hugely proud of it. They bred us with a strong mind and a strong will which gave me the determination to follow through with my aspirations. And I’m glad I got the chance to show Auckland what a small-town girl is capable of achieving.” Peeters who went to Kaitaia College with Dawson agrees that growing up in the supportive Kaitaia community meant she was ready to take on the big city. “I'm really am proud to say I come from the far north,” says Peeters. “The Kaitaia community is a happy one. Seeing the realities of life there has helped me to believe in myself and pushed me to follow my dreams. I know that no matter where a person comes from if they put their mind to it they can do what they want. “And it was always great being able to escape the concrete jungle and head back to the serenity of the Northland country and beaches.” Peeters, a 21-year-old from Nga Puhi, majored in finance and economics. She says living in AUT’s student apartments made moving to Auckland easy. “It was great socially but also meant I had my friends around to support me. And Bridget and I were able to study together and help each other with assignments.” Both girls chose the AUT Business School because of its small classrooms with student laptops and interactive teaching. “We had amazing lecturers with vast industry knowledge,” says Dawson. “Learning from their experience created lively class discussions, and the engaging learning environment embraced a whole diversity of people, cultures and ideas.” Peeters agrees, adding support systems like the AUT Maori liaison team helped her excel beyond her expectations. “At AUT students aren't left to fend for themselves,” says Peeters. “The staff and academics are focused on helping us to pass to the best of our abilities.” Peeters, also an A student, adds that the best part of studying was getting her marks back. “This made all the hard work worth while,” she laughs. “Handing in the last assignment for my degree was also a great feeling; knowing I had finished.” Dawson and Peeters are confident their studies have given them a strong understanding of current global challenges and trends in business. “We had to keep up-to-date by reading newspapers and watching the news,” says Dawson. “Class discussions centred around real case studies and current world issues. In one of my classes we spent the first 20-30 minutes discussing what has been happening in the world by using our business understanding.” The pair adds that the nine-week work experience, compulsory in the business degree, gave them a first-hand look at how organisations operate. “We learned it was up to us to give it our best shot with the tools we’d gathered in our degree,” says Dawson. “And like a lot of the students, I was lucky enough to be offered a full-time position after my work experience.” Both Dawson and Peeters were recipients of the AUT Faculty of Business and Law Maori Scholarships, which granted them full paid fees for three years. The pair agrees that being Maori gives them the pride and passion to make New Zealand proud. “I plan to create something special that reflects my background and values," Dawson says. “I want to make my mark on the world so that when I am old I can say I made a difference.” Peeters nods, adding: “Being Maori has given me a strong appreciation of different cultures. I understand the importance of having support people and whanau around to help me and being there to support others when they need help.” Faculty of Business and Law Dean, Professor Des Graydon praised the outstanding duo adding that AUT Maori Scholarship recipients typically excel in their academic studies. Peeters is now weighing up her future, choosing between starting her career or going back to university to do an honours degree. “Next year is full of options, and I definitely plan to travel in the future. But one thing’s for certain, one day I will give back to AUT and the far north community for the experiences they have given me.” Dawson, who is doing her honours year next year is already considering her O.E. “You only live once,” she says with a grin. “Everyone experiences fear and often it stops them from achieving their dreams. I’m inspired to take on the challenge and live my life where fear is something I know is inside of me, but won’t stop me from unleashing my potential.” She adds that her dream is to be a small business owner and retiring by the beach. Kaitaia, perhaps? “Maybe,” she laughs. “But no matter where in the world I am, Kaitaia will always be home.” Attitude makes Robbie a WinnerWaikato University student Robbie Francis won the Attitude ACC Supreme Award at a black tie event in Auckland on December 3.The Attitude Awards celebrate the outstanding achievements of New Zealanders living with a disability and have grown out of the Attitude TV series, which screens on TV ONE on Sundays. It was Robbie’s second award of the night. She also won the Attitude Youth Award which recognises and rewards a young person (between 15 and 25-years-old) who has made a significant contribution to improving the lives of disabled people. Robbie (20) has phocomelia syndrome, which means she was born without several bones in her legs. After major reconstructive surgery she now wears a prosthetic limb and lives knowing her other leg may also need to be amputated one day. “I prefer to think of myself as challenged rather than disabled. I absolutely thrive on challenges,” she says. Robbie has already been to Bangladesh doing volunteer work with disabled children and has taught English in Calcutta slum schools. She sponsors a World Vision child with a similar condition to hers and looks after a seven-year-old girl with severe cerebral palsy three days a week. Robbie’s next challenge will take her to the Middle East for a year using a full scholarship awarded to her by Rotary International. She will study conflict resolution and peace studies. She recently completed a Bachelor of Arts with a double major in world religion and human development at the University of Waikato. Other Attitude Award category winners announced on December 3, World Disability Day, were Karen Michalanney (Spirit Award), Matthew Aitken (Courage in Sport Award), Paula Tesoriero (Sport Performer Award), Glynne MacLean (Artistic Achievement Award), Julie Bartlett (Community Award), Blenheim Foods (ACC Employer Award), Robert Martin (Attitude Hall of Fame) and Mackenzie Kench (Person of the Year Award). Attitude TV associate producer and presenter Curtis Palmer says the awards are a recognition of the achievements of people living a disability – people often overlooked by society, who have long been used to just getting on with life. ACC is the principal sponsor, supporting the Attitude ACC Employer Award and the ACC Supreme Award. “ACC was extremely proud to be the principal sponsor of these Awards,” says Dr Jan White, ACC Chief Executive. “We work closely with people who live with disabilities every day, and hear wonderful stories about rehabilitation and injured people returning to their jobs and their communities. Now, with these Awards we have the opportunity to showcase and celebrate the achievements and determination of the finalists.” The Lion Foundation supported the awards for the second time as well. Chief executive, Phil Holden says the foundation is focused on giving back to local communities through projects and causes that make a real difference. “These finalists have truly excelled in the areas of business, sport and life and deserve this special recognition – they are an inspiration to all,” Mr Holden says. Southern Cross Healthcare, Air New Zealand, Invacare, Westpac, Wayne Francis Charitable Trust, Perry Foundation and Drake Medox also support the awards. HER Wellington Businesswoman of the Year Awards 2009 WINNERS!Supreme Award - sponsored and judged by TelecomLaura Humphreys & Lisa Casagranda, Pet Angels Businesswoman of the Year - sponsored and judged by AJ Park Jennifer McIver Wishbone Design Studio Limited Best New Business - sponsored and judged by AJ Park Jennifer McIver Wishbone Design Studio Limited Best Micro Business - sponsored and judged by Maria Pereira, Mike Pero Mortgages, Wellington Heidi Holbrook & Juliette George, Womana Best SME - sponsored and judged by Go Figure Ltd Laura Humphreys and Lisa Casagranda - Pet Angels Most Inspirational Role Model - sponsored and judged by City Life News Eva Maria Salikhova - You Shut Up Outstanding Business Citizenship - sponsored and judged by Wellington Regional Chamber of Commerce Biddy Harford, Te Omanga hospice Outstanding Corporate Leadership - sponsored and judged by James Cook Hotel Grand Chancellor Karen Fifield - Wellington Zoo Sustainability Award - sponsored and judged by Westpac NZ Karen Fifield - Wellington Zoo Comments from the night... I just wanted to say a BIG well done on the awards evening last night - Sue, Nic, Graham and I really really enjoyed ourselves. It was a great evening. We enjoyed meeting the others at our table so you did really well with the seating plan. We also really enjoyed listening to Dame Susan Devoy - she is really funny and so down to earth! I really could relate to her and her stories! Anna Stretton was just great too and what a great role model and mentor for other women!Mark Blumsky was a fantastic MC - so well done on having him there. And also thankyou for your support through the awards process. I am really chuffed that I made it to be a finalist for these awards especially when I learned of all the other women and their wonderful achievements. I felt very privileged to be amongst this group of amazing talented women! Catherine Taylor, GM Human Resources, Kiwibank (5/12/9) Thank you so much for organising such an amazing event. We are thrilled!!! You have created something special in Wellington and should be very proud of yourself. Laura Humphreys, Pet Angels (6/12/9) Thank you for creating such a fantastic evening! I had a great time and enjoyed hearing about the wonderful ideas and businesses out there. Marc Krisjanous, Mobilize Mail (6/12/9) I just wanted to say thanks again for a fabulous evening last night. You put on an amazing event. I am so happy with my awards – they will be on display in the Zoo’s Board Room! I have a great team at the Zoo and we are doing some excellent things and is lovely to receive awards like the HER Business Awards – it gives the energy to continue to strive for excellence. Karen Fifield, CEO, Wellington Zoo Trust I just wanted to say another big thank you for the wonderful evening you put on Friday night. I was a great chance for us to all get our frocks on and have a good night out. Heidi and I were thrilled to win our category amongst so many other talented ladies. Dame Susan was a hoot and it was nice to briefly speak with Annah.The flowers just smell and look amazing as all the lilies are coming out. It has been great to take a few hours out to celebrate the hard work that has been put into Womama and have that recognised at an event like yours. Juliette George, Womama (6/12/9) For more information contact:Network Coordinator: Sally ConnellPhone: 021 432 711 Email: wellingtoncentral@herbusinessnetworks.co.nz
Kiwi Baby Product wins International Award
BabyBaby Barrier Nappy Rash Cream is as a winner in the iParenting Media Awards Greatest Products of 2009. The cream’s unique three way action of preventing, healing and protecting the skin means BabyBaby Barrier Nappy Rash Cream cures even the most resistant nappy rash. |
Online advertising not owning eyeballs
Lil chicken outing
