The Entrepreneur School

New Zealand Entrepreneurship Entrepreneurship in New Zealand

 

 


Total Entrepreneurial Activity Average = 15.7%
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New Zealand is known as one of the most entrepreneurial nations in the world. According to the Index of Economic Freedom, it is the third most open economy in which to do business. Yet despite these conditions it has not gained ground fast enough in the league tables that measure economic wealth. Therefore, the New Zealand Government is actively working to provide an environment that enables international investors to bring, or establish, operations with New Zealand companies to their best advantage.

In the World Competitiveness Yearbook 2002, New Zealand ranked 5th ahead of Australia, Canada, the US and the UK. 88 per cent of all businesses use computers in New Zealand, compared to 84 per cent in Australia and 81 per cent in Canada. (Information Technology Use in New Zealand 2001, Statistics New Zealand released 2002).

New Zealand offers distinct time-driven advantages in servicing global markets.
Being the first OECD country to wake up every day, New Zealand's time zone is two hours ahead of Australia, with its working day spanning the afternoon on the West Coast of America, the Asian day, right through to breakfast in Europe.

Some more New Zealand business advantages include:
• A highly educated, flexible and multi-skilled workforce
• Property costs that are amongst the most competitive in the Pacific
• Unencumbered free movement of capital
• A simple tax system with a corporate tax rate of just 33 percent
and minimal, and in most instances zero capital gains tax
• Overall tax, paid by international companies in New Zealand,
optimized by international tax agreements
• 100 per cent tax deductibility for R&D
• One of the lowest average tariff rates in the world

The New Zealand Venture Capital market is currently very immature but growing at a substantial pace to keep up with the growing entrepreneurial market. Although the market seems to be immature it is still quite healthy with plenty of potential to support the New Zealand market.

The New Zealand female entrepreneurs are amazing. They have a much bigger presence than almost any other place in the world. Of all the entrepreneurs in New Zealand 37.7% of New Zealand's entrepreneurs are female (or about 5% of the female adult population). New Zealand woman are world's leaders in having the necessary skills and motivation to start a new business. In New Zealand, starting a new business is a socially acceptable career option for women. New Zealand is also world-ranked in encouraging women to become self-employed or start a new business. Young New Zealand women aged 18-24 are more entrepreneurial than young men but tend to have a higher fear of failure than men.



NZ & Australian Entrepreneurship Videos

Australia’s Top Entrepreneurs Talk Passion
Entrepreneur Profile - Alex Smart
Brad Sugars - 5 Levels of Entrepreneurs

 

NZ & Australian Entrepreneurship Organizations

Young Entrepreneurs Network Australia
The Australian Centre for Social Innovation
Social Entrepreneurship Australia

 

NZ & Australian Entrepreneurship Websites

Entrepreneurs-Journey.com
HatchThat - Interviews with Entrepreneurs
Genuine Entrepreneur
Social Entrepreneurship Australia Blog

 

NZ & Australian Entrepreneurship Articles

Australia’s Top Web 2.0 Entrepreneurs
Social Entrepreneurship
Entrepreneurs - Shaping the Future of Australia
Pollenizer: Building & Investing in Australian Web Businesses

 

Venture Capital & Funding

Australian Venture Capital Association
Private Equity Media - VC Publisher
Australia’s Venture Capital Directory
Angel Investment Network
Equity Partners
Imazighen Capital
Australia Investment Incentives
Venture Capital Centre

 

NZ & Australian Women in Entrepreneurship

Women’s Entrepreneurship in Australia
Tough Times for Women Entrepreneurs
Australian Women Entrepreneurs Blog
The Changing Experience of Female Entrepreneurs




New Zealand Entrepreneurship



Quick Facts:
Population: 4,213,418
GDP: $118.9 Billion ('08)
GDP Growth Rate: .6% ('08)
GDP per Capita: $28,500
Government: Parliamentary Democracy






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