THE BOSS of K1W1, Sir Stephen Tin­dall, says

Element - - Finance -

the phi­los­o­phy be­hind his in­vest­ment ve­hi­cle is to find ways to make New Zealand cash flow pos­i­tive. “I re­ally be­lieve there are so many good ideas out there that a num­ber of them will even­tu­ally be­come big ideas and very big busi­nesses. Some of them, that we’ve in­vested in, are look­ing that way now. “We’ve been do­ing this for about 15 years so we have learned as we go. We are not the sort of peo­ple who go in for a quick exit. “We are look­ing for com­pa­nies that can go to scale over­seas and bring ex­port dol­lars back to New Zealand for prod­ucts and ser­vices. “There could be op­por­tu­ni­ties to exit to re­turn the cap­i­tal to New Zealand so we can rein­vest in some­thing else, usu­ally when some big out­fit is will­ing to pay us way more than it is worth for us to hold on to some­thing, but our aim is more to grow the big­ger busi­nesses that will be domi­ciled in New Zealand if pos­si­ble. “Our am­bi­tion in ev­ery case is to try to be lo­cated here so peo­ple can be em­ployed and the ben­e­fits flow back to New Zealand.” Tin­dall says a good idea is about a tenth of the in­vest­ment equa­tion, with peo­ple and per­for­mance the rest.

“Our am­bi­tion in ev­ery case is to try to be lo­cated here so peo­ple can be em­ployed and the ben­e­fits flow back to New Zealand.”

He says New Zealand needs to get se­ri­ous about in­vest­ing in green and sus­tain­able tech­nolo­gies. “I think be­cause we are al­ready ahead of the curve com­pared with ev­ery other coun­try in terms of our clean green en­vi­ron­ment and im­age, we should lever­age that. I think we have a nat­u­ral propen­sity in that our cul­ture helps us in terms of how we re­late to the water and the land. “Peo­ple are cry­ing out for prod­uct to clean up things, so a com­pany like Lan­za­t­ech is a win-win. It cleans up the at­mos­phere, takes the car­bon monox­ide and car­bon diox­ide and nasty gasses out of the smoke stacks of steel mills and coal fired power sta­tions and turns it into en­ergy and other valu­able chem­i­cals. “We have a com­pany Pho­tonz which by­passes the fish to cre­ate Omega 3 so you don’t keep killing fish to get the fish oil. “There are other peo­ple turn­ing al­gae into en­ergy with bio-diesel. There are many dif­fer­ent green tech­nolo­gies be­ing de­vel­oped in New Zealand and I think we could get a name for our­selves. You have to milk a niche.”

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