The Startup Genome’s 2019 Report took a close look at New Zealand. Find out what it found.
The Startup Genome is a San Francisco-based company which provides ecosystem assessment and reporting, measures entrepreneurial activity and develops Best Practice policies and programmes to drive action.
ecentre will very soon be announcing initiatives with Startup Genome to enhance NZ’s local and global connectivity.
The Startup Genome works side-by-side with 300 partner organisations and global thought leaders, building foundations for startups to grow.
The Startup Genome’s just-released 2019 Global Startup Ecosystem report - based on input from over 10,000 founders and data on over 1m companies worldwide – aimed to find out what it takes to build dynamic startup ecosystems which resonate both locally and globally, and which cities around the world are doing it best.
The #GSER2019 report found the top five startup ecosystems are living in Silicon Valley, NYC, London, Beijing and Boston. It also reported the four fastest-growing Startup Sub-Sectors are Advanced Manufacturing & Robotics, Blockchain, Agtech & New Food, and Artificial Intelligence.
The report paid particular focus to New Zealand.
Here’s what was discovered:
Sub-Sector Strength #1 is Agtech & New Food.
New Zealand is the largest dairy exporter in the world and a global supplier of meat and wool. Over 40 Agtech startups — representing 20% of seed activity by deal value in NZ — have been founded since 2013. Robotics Plus, an agricultural automation company, raised $8 million in 2018. Bio-Lumic, a UV technology startup, raised $5 million in 2018.
Sub-Sector Strength #2: Life Sciences
A new $7.1 million biomedical research technology hub is being built at the Malaghan Institute at the Victoria University Wellington. Also noteworthy: in 2017, Auckland-based Upside Biotechnologies raised $1.7 million from Ice Angels and Tuhua Fund.