Venture Capital Fund Bill

  • enacted
24 Purpose of VCF

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


increasing the venture capital available to New Zealand entities; and


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


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


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


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