Hi there,

New Zealand has long been known for punching well above its weight. Now a new Callaghan report gives us data to demonstrate exactly what that translates to in the startup arena – with $34 billion value created in just 15 years it also highlights the significant contribution that the tech sector has made.

Our start-ups, says Callaghan in a typically understated Kiwi way, are "better than average" at going global.

But while that’s cause for celebration, our acceptance and understanding of some parts of entrepreneurship need an attitude readjustment.

In other news:

Foodstuffs' e-commerce ambitions & MIT on IoT at GS1 conference
Aussie banks take a hit on the trust front
Do you measure Return on Experience? PwC reckons you should
From launchcraft to spacecraft: Kiwis now in the satellite business
AI's role in the hiring game

Enjoy the read,

Heather Wright
Editor
editor@istart.co.nz

NZ breeds unicorns, but poppy cutters persist

We’ve got 34 billion reasons to celebrate but behind the big numbers is a culture confused, suggests a Callaghan report...

New Zealand is a breeding ground for unicorns – those magical startup beasts with billion-dollar valuations – and we’re all reaping the benefits.

“Our start-ups are better than average at going global.”

[Read more]

Foodstuffs' menu for e-commerce innovation

From customer-driven business to IoT as a design language…

At GS1 Connect this week, Foodstuffs CEO Chris Quin shared a vision of how we’re going to be shopping for groceries, and MIT outlines how the language of IoT can 'invert' business.

“You’ve got to be brave enough to respond to what the facts are telling you, not what you would like them to tell you.”

[Read more]

The delicate state of trust in A/NZ banking sector

Royal Commission into bank misconduct has impacted consumer trust…

Australia might be more advanced in Open Banking, but Kiwis are more trusting of banks to protect data – and we’re united in our distrust of biometrics.

“They can’t treat Open Banking as a compliance issue – they have to see it as being key to customer trust and experience.”

[Read more]

Your new performance metric: ROX

Another day, another nebulous business acronym, but this one may have some wisdom behind it…

ROX thinking identifies your company’s ‘critical few’ customer interactions, so systems and process in the business can be set up to support them.

ROX thinking identifies a company’s critical few customer interactions, so systems can be set up to support them.

[Read more]

Rocket Lab launches satellite build service

Frees small satellite operators from building hardware…

Rocket Lab has added in-house built satellite spacecraft to its line-up, creating a ‘turn key’ end to end service and propelling the business into a new orbit.

“[It’s] a turn-key solution for complete small satellite missions.”

[Read more]

How AI is helping businesses hiring smarter

It’s a never-ending race to find and retain skilled staff. As AI comes into the picture, what are the risks?…

From multiple-round interview processes to those baffling personality tests, talent recruitment is truly an art as much as a science.

“The ethical dimension of AI is not a luxury feature or an add-on – it is only with trust that our society can fully benefit from technologies.”

[Read more]

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