Perhaps the TIN100 deserves an ex gratia payment?


Perhaps Greg Shanahan and his TIN 100 team and reports are deserving of an NZ Inc ex gratia payment.

Because arguably they’ve been most responsible for bringing hi tech out of the closet, making it cool(er). (OK, the Hi-Tech Awards have had some impact as well!).

Of course we can never tell what would’ve happened without this report coming into being 12 years ago, but purely as an ‘aspirational showcase’ alone the TIN 100 punches well above its weight.

In fact one way to look at its influence is what we’d know about the ICT, high tech manufacturing and biotech industries without its presence. In an era of ever less traditional media reporting of industry, the answer is very little indeed.

TIN 100

Greg Shanahan launches the TIN100 2016 report at Wellington’s NZX, and discusses the ICT sector with Greg Davidson of Datacom, and serial startup investor Dave Moskovitz

TIN managing director (and former Wellingtonian) Greg Shanahan highlighted some of the capital’s success stories when launching the 2016 report at NZX on Wednesday night. On that score the Wellington region led revenue growth of 15.3% for the year. A press release highlighting some of the key points is available here.

The really significant figure from NZ’s point of view was that the combined sectors’ revenues leapt by 12% and are now in touching distance of $10 billion ($9.4 bn).

As is often the case with the laconic Shanahan, it was his commentary that provides illumination around the numbers.

“This is a transformational report,” he says. “We’ve reached a tipping point and this year’s data signals that an inflexion point has been passed as the industry hits critical momentum.”

He says there are three main reasons for this:

  • Scale growth
  • Accelerating pace of growth
  • Spread of growth across many companies

The TIN 100 provides a detailed breakdown of NZ’s 200 largest technology exporters (and to continue the name/numbering/branding challenge), plus the Next100.

Among the plethora of interesting aggregated data knowledge points are:

  • record 16% growth in R&D spend, now accouting for 9% of total revenues of TIN200 companies
  • TIN200 companies created nearly 3,000 new jobs in the past year, up 7.9%. They now employ almost 40,000 people
  • 40% more TIN200 companies generated revenues over $50 million than five years ago

The report itself is for sale here.

It is also sponsored by NZTE and Callaghan Innovation (as well as EY and AJ Park).

Quite possibly the investment made by these two government bodies is one of the best ones they make.

We would all certainly be much less wise, much poorer informed, less able to say to our kids ‘hey, check these companies out’, without it.

Thanks.

(Peter Kerr runs Punchline [messages that matter], as well as What I Wish My Dad Told Me – advice that could be useful)

Advertisements

About sticknz

sticK is by Peter Kerr, a writer for hire. I have a broad science and technology background and interest, with an original degree in agricultural science. My writing speciality is making the complex understandable. I am available for outside consultancy work, and for general discussions of converting a good idea into something positive
This entry was posted in Angel investment, contract writer, Entrepreneur, high tech, Innovation, SciBlogs, writer for hire and tagged , . Bookmark the permalink.

One Response to Perhaps the TIN100 deserves an ex gratia payment?

  1. Tony Brenton-Rule says:

    Yes, I agree. Greg and his team have done an excellent job. Deserved praise.
    Tony Brenton-Rule

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s