[9] As New Zealand's computing capabilities expanded, software development became a major feature of the information technology sector.
[10] In the early 1970s, Gil Simpson and Peter Hoskins wrote LINC fourth-generation programming language (4GL) which was marketed internationally by Burroughs.
NZTE and Callaghan are the two primary government organisations charged with supporting the growth of startups in the country, offering access to expertise, export and research grants.
Funding for post-seed companies has traditionally been dominated by local VC firms such as Icehouse Ventures and Movac,[13] who were one of the early founders of the industry, have been actively investing since 1998 and had success with large exits including companies such as Trademe.
More recently, Australian VCs have started entering the market and are quickly growing in presence.
With VCs typically being focused on later-stage companies seeking their Series A or later, an active community of angel investors has emerged that play an important role in funding early-stage technology companies before they are large enough to raise venture capital.