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Infratil manager HRL Morrison & Co, chief investment officer Lib Petagna and trusts associated with the Morrison family have sold 10 million shares in the Wellington-based infrastructure investor to institutional and high net worth investors. Morrison & Co and the Morrison family didn’t disclose what price they sold at, but Petagna sold 1 million shares for $2.25 million, or $2.25 …

newzealandinc.com reporting live from NZ Rocket Pitch competition, presented by The Icehouse and Geeks on a Plane. Join the conversation – follow us on twitter @nzincltd From The Icehouse website: “This December fourteen high profile investors, entrepreneurs and executives will make their way from Silicon Valley to New Zealand to engage with the start-up scene down here. Among the fifteen geeks …

Winner – BNZ: Breaking the Rules Above: Chuffed – CEO of KlickEx, Ross Peat with his award. A new web-based foreign exchange service managed to sufficiently pique the judges’ interest, including that of Dave McClure – Director of Marketing for PayPal from 2001 to 2006. KlickEx aims to change the way foreign exchange transactions take place by providing market making …

Andrea Zurek Founding Partner XG Ventures newzealandinc.com got the chance to catch up with Andrea to find out what she thought of the entrepreneurial space here in Godzone. “There’s a lot of diversity here in New Zealand,” Zurek said of her time spent here so far. The entrepreneurial landscape was so different to that of the United States according to …

Winner – No.8 Wire   Above: Founder of Outpost Central James Riddell with the Geeks. Outpost Central is a Penrose based New Zealand firm developing smart water meter technology. Their solution enables organizations to monitor their water and energy use whilst managing environmental and resource-based activities. The flagship product for Outpost Central is WASP, a smart water device the provides real-time access …

Winner – 100% Pure NZ Above: An ecstatic Shaun Tan with his trophy as the winner from stream 2.   Straight from winning the University of Auckland’s Spark $100k Entrepreneurs Challenge, EcoFibre was at it again on Tuesday evening winning their stream at the Geeks on a Plane rocket pitch competition. EcoFibre uses a recyclable alternative to carbon fibre, manufacturing …

Sundeep Ahuja buy here pay here software   Venture Partner Blissmo The founder of blissmo,?Sundeep Ahuja is an impressive entrepreneur out of Silicon Valley. Boasting extensive experience in crowd sourcing, the ex-Product Manager at both eBay and My Space caught up with newzealandinc.com before the event kicked off. Sundeep didn’t make any secret of the fact that New Zealand was …

Aaron Batalion   Co-Founder Living Social Aaron Batalion is the co-founder and current Chief Technology Officer of LivingSocial, an international ‘deal of the day’ website founded on the principles of social commerce which boasts 70 million members globally. Aaron has extensive online experience and the knowledge required to help budding technology firms to construct successful technology teams. When we were …

Charles Hudson   Venture Partner SoftTech VC An active seed stage investor focusing on Web 2.0 startups, Charles Hudson has focused his recent attention on mobile and gaming investments in addition to his work as Venture Partner at SoftTech VC. Prior to joining SoftTech, Hudson was vice-President at Business Development for Serious Business, a company acquired by major internet players …

The New Zealand dollar rose to a new 9-month high after the Federal Reserve extended its quantitative easing programme and tied the end of record low interest rates to a targeted drop in unemployment. The kiwi dollar rose to 84.51 US cents from 83.90 cents at 5pm yesterday, the highest since it reached 84.71 cents on Feb. 29. The trade-weighted …