The world’s best start-up hubs: Wellington, New Zealand
Is this the most southerly start-up hub in the world? Quite possibly, but is it also the best? A series of incubators, accelerators programmes, networking events and investment schemes have been popping up in Wellington as of late…
- Population: 200,000
- Pros: Setting up a business is hassle free and cheap, there’s a great standard of living and it’s the least corrupt country in the world.
- Cons: The time it takes to get to the US and Europe is a big challenge to overcome, raising investment locally can also be tricky.
- Cost: Amazingly, there’s no capital gains tax! That minor miracle aside, rent and other living costs are also favourable.
- What to expect: A friendly environment in which to do business alongside all the challenges that come with being based in such a southerly country.
To get a better understanding of what New Zealand has to offer start-ups we sat down with Linc Gasking and Derek Handley, both of which were able to offer some tips for anyone thinking of relocating their business. The former is co-director of Global Entrepreneurship Week and has over 20 years’ experience in start-ups, the latter is an entrepreneur, speaker and author who founded The B Team alongside Richard Branson and Jochen Zeitz.