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0 Arrivals & Departures: Magic Memories taps Silicon Valley vets

Magic Memories, founded in NZ in 1995, now based in the US and a global leader in capturing, creating and sharing memories, today announced technology industry veterans Jeff Ryan and Sanjay Dholakia have joined its board of directors.

Ryan, GoPro’s senior vice president of people, and Dholakia, Marketo’s former chief marketing officer, will lend their expertise and help guide Magic Memories’ growing global business.

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0 Maui Capital Take a Majority Shareholding

Smart Environmental is very pleased to announce that it has accepted an offer from New Zealand based private investment company, Maui Capital, to own a seventy five percent shareholding in the business. The remaining shares will be owned by Senior Managers at the company.

“This is a very significant investment by Maui which means we can fast track our growth plans and really compete nationally on a whole new level. It’s a culmination of over twenty years of dedicated focus on growing a business from scratch through strong partnerships and relationships and delivering quality services and innovative solutions in the waste management sector” said Managing Director Grahame Christian.

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0 KiwiSaver providers will soon be made to start disclosing their members’ projected retirement savings and incomes; Commerce and Consumer Affairs Minister announces rule despite banks issuing warnings over move

The new Commerce and Consumer Affairs Minister Jacqui Dean appears more willing to ruffle KiwiSaver providers’ feathers than her predecessor Paul Goldsmith.

Dean on Wednesday announced KiwiSaver providers will soon have to start including projected retirement savings and income figures in their annual statements.

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0 Govt questions future of NZ Venture Investment Fund

The government is looking at a range of options for the New Zealand Venture Investment Fund, including discontinuing funding, Economic Development Minister Simon Bridges told a parliamentary committee.

“At a high level, I do see a role for the government in a country like New Zealand” in venture capital funding, Bridges told Parliament’s commerce select committee. However, “having put capital in now over 15 or 16 years I don’t think we necessarily want to do more of that,” he said.

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0 University start-up closes US$16m investment to develop cancer therapies

A clinical-stage biotechnology company established by The University of Queensland and Emory University (Atlanta, USA) to develop novel cancer supportive care and anticancer therapies has raised US$16 million in series A investment.

The investment from the Brandon Capital-managed Medical Research Commercialisation Fund (MRCF) and Uniseed will enable the company, called QUE Oncology Inc. (QUE) to further develop its leading drug candidate Q-122 and progress its preclinical pipeline.

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