Last week we asked the question: “What if everything we imagined for the KiwiTech sector came true?” - And as Our CEO Michael Friedberg and Founder Bob Pinchin headed off to attend the launch of the 2024 TIN Report, we waited in anticipation at the report insights and highlights. We were not disappointed.
While everyone celebrated the 20th edition the feeling was that of a checkpoint moment for us. A chance to reflect on how far Kiwi Tech has come and the opportunities ahead.
Offshore revenue grew by 8.8% to $13.52B, proving that global market traction remains a bright spot. ICT led the charge with a 9.9% increase, contributing $8.23B and cementing its place as a cornerstone of New Zealand’s tech economy. Even more inspiring? R&D investment climbed 8.9%, showing a strong focus on future-proofing through innovation.
And whilst the report highlighted growth slowing to 7.7%, all the above was clear evidence of strategic wins for the sector.
We see this data as validation of what’s possible when growth isn’t only pursued but strategically aligned. Many companies are leveraging better market fits, such as Australia’s faster decision cycles, to drive results. We’ve also seen how doubling down on innovation and offshore market expansion created not only resilience, but also acceleration.
Well done Technology Investment Network and congratulations to Greg Shanahan - here’s to your 20 years of mapping this sector’s journey! 👏
👏👏. We were super proud to be there in support and celebration of such a momentous milestone.
It’s really a been a year of real grit and slog for many - but we’ll continue asking ourselves: what if everything we imagined for Kiwi tech came true? And we’ll keep rallying for growth, keep pushing those boundaries, and keep making Kiwi Tech the standout story of resilience and ingenuity.
To all you Kiwi Tech leaders out there: don’t let a tough year keep your ambition in check. Double down on alignment, explore new geographies, and refine your execution. Together, we can do this!
You can access the report here 👉 https://lnkd.in/gNxJHY3u
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Caroline Herrick Gisela Montello-Bruce