Dorset Growth Hub has another £490,000 left to support growing businesses in the county. The organisation, funded by the European Regional Development Fund, started its Growth Grant scheme in 2018 and has paid 265 businesses a total of £1m, contributing to the creation of 552 jobs. The hub’s SME Recovery Grant, launched last September, has paid out £500,000 to 162 businesses. The Recovery Grant scheme is closed but the Growth Grant Scheme remains open, with £490,000 available for the rest of this year. The hub says it aims to get the money to the county’s most ambitious businesses. Recent recipients of Growth Grant funds have included the artisan sauce maker Weymouth 51; Blandford-based craft beer maker Barefaced Brewing; Fischer Panda, which makes generators in Verwood; Dorset Digital Print at Three Legged Cross; the upholstery and furnishing business Sonnaz Ltd in Wimborne; and Beatnik Decals, which makes decals for Volkswagen and camper vans.
INFLCR Partners With Creator Economy Platform Koji To Help Student Athletes Monetize Their Social Media Audiences Compliantly
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Business Scoop » Increasing Growth And Maturity In NZ Startup Investment, Despite COVID-19 Disruptions
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13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn t.