• New Zealand Regions
      • Hawke's Bay
      • Bay of Plenty
      • Waikato
      • Whanganui
      • Manawatu
      • Northland
      • Auckland
      • Gisborne
      • Taranaki
      • Wellington
      • West Coast
      • Nelson
      • Canterbury
      • Otago
      • Marlborough
      • Southland
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      Hawke's Bay

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      Beaches, wineries and Art Deco. The Hawke's Bay has a diverse economy, including business services that support its sectors to be the second largest contributor to regional GDP in the country. A popular tourist destination, the region has some of the countries best restaurants as well as stunning scenery, markets and festivals.

      Districts

      HastingsNapier

      Bay of Plenty

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      The Bay of Plenty is officially New Zealand's sunniest destination, enjoying short-lived winters and long summer days. The Region offers some of the country's most spectacular views and many ways to enjoy the pristine scenery and natural wonders. Visitors also enjoy exploring the Bay's Māori heritage and pre-European roots.

      Districts

      OpotikiOpotiki iSiteKawerauWhakatane

      Waikato

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      The Waikato is known for its rolling plains, fertile land and the mighty Waikato River. The region is the fourth largest regional economy in New Zealand, with a strong focus on primary production and associated manufacturing.

      Districts

      South WaikatoWaikato District

      Whanganui

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      Welcome to Whanganui. This is our place; where history is full of stories, legends and rich legacy. Where a thriving arts scene, creativity and evolving culture inspire our modern lives. Where breath-taking natural landscapes capture imaginations at every turn.

      Manawatu

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      Located in the lower North Island, Manawatu is heartland New Zealand, offering an authentic Kiwi experience.

      The main in the region are Palmerston North, most notable for Massey University. Palmerston has a vibrant, arts and culture scene.

      The region's economy is based on food production and processing, research and education. The region is also home for the New Zealand defence force.

      Northland

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      Northland was originally home to some of our country's first human inhabitants. Today, it is one of the fastest growing regions in New Zealand and home to nearly 189,000 people. Rich in culture and history, the region boasts a stunning natural environment.

      Auckland

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      Auckland Region stretches from the the beaches of the Pacific Ocean in the east to the expansive beaches of the rugged west coast of the Tasman Sea. Auckland City, the largest urban area in New Zealand is considered the main economic center of New Zealand and a popular destination for international students and travellers.

      Gisborne

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      Gisborne is a Region on the east coast of New Zealand's North Island. It's known for wineries and surf beaches such as Makorori. The region has maintained a strong Maori heritage. The region's economy is made up mainly of agriculture, horticulture and forestry.

      Taranaki

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      Taranaki is a coastal and mountainous region on the western side of New Zealand's North Island. Its landscape is dominated by Mount Taranaki, its namesake volcano, which lies within the rainforested Egmont National Park.

      The port city of New Plymouth is the area's cultural and commercial hub. Taranaki's economy is diverse and includes dairy, oil and gas. The region is the highest contributor or national GDP per capita. 

      Wellington

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      The Wellington Region covers Wellington city in the south, Upper and Lower Hutt valleys to the north-east, and Porirua to the north-west. The region takes its name from Wellington, New Zealand's capital city.

      Wellington is famous for its arts and culture scene and is also the centre of New Zealand's film industry.

      West Coast

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      The West Coast, or as some locals call it, the "Wild West", is a long thin region that runs down the South Island's west coast.

      The region has the lowest population in all of New Zealand. It is famous for its rugged natural scenery such as the Pancake Rocks, the Blue Pools of Haast, and the glaciers.

      The main industries in the region are dairy farming and mining. Tourism also plays an important role.

      Nelson – Tasman

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      Nelson Tasman is an extraordinary, vibrant region where art and businesses thrive together among a stunning natural landscape. With one in five people internationally born, Nelson Tasman has 48 different cultures living in its environs.

      The region prides its self on being New Zealand’s leading Research and Development areas, with the highest proportion of people working in the research, science and tech sectors out of anywhere in New Zealand.

      Canterbury

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      Canterbury is a region on New Zealand’s South Island marked by grassy plains, clear lakes and snow-capped mountains. Its largest city, Christchurch, is famed for its art scene and green spaces.

      Otago

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      There are few places in the world which will leave you with a lasting sense of difference. Central Otago is undoubtedly one of them from its landscapes, its seasons, its people, its products and experiences.

      Marlborough

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      Marlborough Region is on the north-eastern corner of the South Island. The region is well known for its winemaking industry, and the Marlborough Sounds, an extensive network of coastal waterways, peninsulas and islands.

      Apart from the wine industry, aquaculture, agriculture and tourism play an important role in the local economy.

      Southland

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      Southland is New Zealand’s most southerly region and includes the World Heritage ranked Fiordland National Park.

      The region's only city Invercargill offers a relaxed pace of life with wide streets, little traffic, spacious parks and gardens, striking Victorian and Edwardian architecture and impressive sporting facilities including New Zealand’s first indoor velodrome. Southland's location is such that views of Aurora Australis or the Southern Lights are common.

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KiwiSaver funds used to back local tech start-ups

Attention: This article was automatically translated and is still waiting on one of our editors to approve the translated content. 
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Kiwi Wealth KiwiSaver members will be helping back New Zealand tech start-ups through a $54 million investment from the fund into a venture capitalist company.

The Movac Fund 5 is a $250m fund that would back New Zealand tech start-ups and growth companies.

The investment was the first time a KiwiSaver provider had backed such a firm.

Kiwi Wealth’s commitment sits alongside $70m from the NZ Super Fund and the balance from entrepreneurs, individuals and iwi.

Kiwi Wealth retail and product general manager Melissa Vasta said it was the start of the fund’s progression into a more diversified portfolio.

“We are looking to move into the private, un-listed sector so we have been keeping an eye on things for the past few years and this opportunity came up, the Movac team were great… it just made sense for us.”

“By allocating a small percentage of our total KiwiSaver funds to Movac’s Fund 5, our members are fuelling the next wave of Kiwi innovation, with the opportunity to enjoy the returns of supporting Kiwi success stories.”

Vasta said it was a great chance for the fund to invest locally.

“We’ve traditionally had a global focus, which does include New Zealand, but previously because of liquidity, scale, pricing, it’s prevented us investing in New Zealand listed entities and there have also been few significant opportunities that meet our criteria.

“Our members have been quite keen for us to invest in New Zealand, so we do get questions as to why we don’t invest more heavily [locally] so it’s quite exciting the opportunity has come together.”

Movac managing partner Phil McCaw said it was fantastic to have Kiwi Wealth onboard as cornerstone investor.

“This long-term alignment is innovative and shows leadership and a new maturity in New Zealand tech and the investment sector.

“I congratulate the Kiwi Wealth team for showing true market leadership in the sector.” he said.

NZ Super investments head Del Hart said the investment was a good fit for the fund.

“Fund 5 is our second investment with Movac, following a $50m investment in Fund 4 in 2016 and, along with mandates with other local investment managers, represents an efficient way for the Fund to gain access to growth opportunities in small-medium sized New Zealand growth businesses.”

The first close of Fund 5 will be 23 September, and the second close on 23 October.

Source: RNZ News – www.rnz.co.nz

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