Venture Capital Fund Bill

  • enacted
24 Purpose of VCF

The purpose of the VCF is to contribute to a sustainable and productive economy by—

(a)

increasing the venture capital available to New Zealand entities; and

(b)

developing New Zealand’s venture capital markets to function more effectively so that over time—

(i)

more venture capital becomes available to New Zealand entities from sources other than the VCF; and

(ii)

New Zealand entities that receive venture capital become more likely to grow into successful and sustainable businesses; and

(iii)

those markets become self-sustaining (including through more investment from New Zealand investors).