Business Update – 30 July 2021

30/07/2021

New Zealand-Australia Travel Bubble Bursts

Travel, Ban, Restriction The New Zealand government has suspended the travel bubble with Australia from 11:59pm on 23 July, as the threat from the Delta COVID-19 outbreaks has become too great. New Zealanders returning home will face a range of quarantine and self-isolation measures.

The pause on quarantine-free travel will be in place for at least eight weeks.

1.5 Million COVID-19 Vaccine Doses Due to Arrive in August

The government is expecting about 1.5 million doses of Covid-19 vaccine to arrive in August, and booking will become available to those in group 4 aged between 60 and 65 from 28 July.

While analysis of vaccination data showed over 2 million doses still needed to be given to those in group 3, Prime Minister Jacinda Ardern said group vaccinations could be done concurrently. The number of vaccination sites will be increased and no one is going to miss out, said the PM, noting that there has been a 41% increase in vaccines over the last week compared to the week prior.

Kiwi Cleantech Startups Get Government Support

The NZ CleanTech Mission partnership has been established to convert local cleantech into profitable businesses. This cross-government partnership has been formed to make New Zealand into a centre of global clean tech excellence and allow cleantech innovators to compete with their foreign counterparts.

Health Research Getting Support in Latest Funding

Health, Research Research into some of the biggest health concerns in the country including cancer, diabetes, and heart disease is getting crucial support in the latest round of health research funding.

Through the Health Research Council of New Zealand, 31 General Project grants ($36.64 million), five Rangahau Hauora Māori grants ($5.91 million), five Pacific Project grants ($5.79 million), and four Programme grants ($19.99 million) have been awarded.

How Startups Can Overcome the Challenge of Scaling Up

When a startup tries to make the leap and scale up its operations, it may be faced with issues such as lack of funding, loss of focus, changing market needs, and being overtaken by competitors. So if you’re ready to take your business to the next level, read this Forbes article that shares some steps to improve your chances of success.

Build a strong ecosystem. Build a solid foundation by establishing a strong ecosystem of strategic partners and investors.
Prove you mean business. Take time to find ways on how to prove the validity of your products or services in order to build a good network of partners and increase your customers.
Find your manufacturing match. If you sell physical products, finding a manufacturing partner who shares your vision is crucial.
Lower the cost of entry. Find ways to manufacture your products as cost-efficiently as possible not only to make your business more attractive to potential partners, but also to improve your profitability in the future.
Build your supply chain. Establish robust supply chains from day one instead of pouring all your resources into R&D or other areas of your business.

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