16 Feb 2012

Angel investor seeks 'extreme entrepreneurs'

8:03 am on 16 February 2012

Sparkbox Ventures is looking for "extreme entrepreneurs" to back over the next five years, after renewing its investment partnership with the New Zealand Venture Investment Fund.

Sparkbox - a group of wealthy individuals who have invested in innovative companies for 11 years - plans to spend $10 million on 20 entrepreneurs who can prove they are able to put their innovative products onto the world stage.

The partnership has previously invested in entrepreneurs such as Rod Drury of Xero and YikeBike inventor Grant Ryan.

Sparkbox wants to focus on early stage investment in information and communications technology, materials science, clean technologies and medical and diagnostic technology.