The Better by Capital programme has accelerated the ability of companies to access alternative capital markets, improved their capacity to be "match fit" when sourcing new capital, and shifted their marketability away from traditional "vanilla" type financial structures to support growth.
The deep dive process shifts a business' comfort zone and provides scope to reprioritise activities for growth and take advantage of broader networks or strategic capital, for example partnering with a large multinational that can enhance internationalisation.
The Better by Capital team is currently working with 42 companies to assess their financial bandwidth and forecasted requirements. A further 35 companies are in the final preparation stage of meeting investors - including 22 firms who are using NZTE's international investment network to action their capital-raising strategies.
Twelve companies have achieved their financial goals and $10.4 million has been invested or reprioritised across seven companies to achieve or accelerate internationalisation.
Capital has been mobilised by leveraging both domestic and international networks, and using a range of tools including debt and equity. Another five companies have a capital development plan that underwrites their future sustainability.