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Perhaps the TIN100 deserves an ex gratia payment?

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

Because arguably they've been most responsible for bringing hi tech out of the closet, making itcool(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 yearsago, 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 manufacturingand biotech industries without its presence. In an era of ever less traditional media reporting ofindustry, the answer is very little indeed.

[caption id="attachment_2788" align="aligncenter" width="640"] 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 DaveMoskovitz[/caption]

TIN managing director (and former Wellingtonian) Greg Shanahan highlighted some of the capital'ssuccess stories when launching the 2016 report at NZX on Wednesday night. On that score theWellington region led revenue growth of 15.3% for the year. A press release highlighting some of thekey 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 illuminationaround the numbers.

“This is a transformational report,” he says. “We've reached a tipping point and thisyear's data signals that an inflexion point has been passed as the industry hits criticalmomentum.”

He says there are three main reasons for this:

  • Scale growth

  • Accelerating pace of growth

  • Spread of growthacross many companies


The TIN 100 provides a detailed breakdown of NZ's 200largest technology exporters (and to continue the name/numbering/branding challenge), plus theNext100.

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 TIN200companies

  • 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 revenuesover $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 theymake.

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 beuseful)

Perhaps the TIN100 deserves an ex gratia payment?

Perhaps the TIN100 deserves an ex gratia payment?
 
 
 
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