"When you set yourself an ambitious goal you start thinking about what needs to happen to achieve it," Banga said. "It's deliberately ambitious."
Another NZVIF portfolio company, Blenheim-based craft beer maker Moa, is mulling a listing and the Business Herald understands the company has been meeting with fund managers to gauge market interest.
Geoff Ross, whose Business Bakery owns a stake in Moa, said the company was looking at various options for funding an expansion of its brewery, but it was too early to say exactly which route would be taken.
NZVIF needed to work with the investment and sharebroking community on building a pipeline of prospective listings, Banga said.
"If this can be achieved, the NZX will benefit from a deeper, broader offering to investors from more high-growth technology companies being listed."
She said NZX chief executive Tim Bennett was interested in working together with the fund on getting more of its portfolio firms listed.
"I think that's very encouraging."
Banga said that for companies to list they would need to prove themselves through raising $2 million to $5 million from private investors. A major challenge for New Zealand growth firms was the lack of follow-on investment in the $5 million to $10 million range.
"For many companies strategic acquisitions by large international competitors are the preferred way to fund the next stage of development and that will remain the case," Banga said. "But we need to develop the domestic IPO [initial public offering] market as a viable ... alternative."
Over the past decade 32 local technology firms have been acquired by overseas buyers, according to figures from the Technology Investment Network.
Diverse portfolio
NZVIF's portfolio companies include:
* Yike Bike
* Martin Jetpack
* Moa Brewing Company
* BioVittoria
* Nexus6
* IkeGPS
* Zephyr Technology
* TracPlus
