Generational divides revealed: Kiwi investment preferences explored in new report

  • : Banked NZ
  • : 26/01/2023
  •  Highlights

    • Younger generations are most likely to invest in shares, while Gen X say they are just as likely to invest in crypto. Term deposits are the top choice for Baby Boomers.
    • 52% of Kiwis think 2023 will be a better year for investing than 2022.
    • 87% think it’s important to invest in a socially responsible way.

    Auckland, New Zealand – There is a distinct difference in investment preferences across generations of Kiwis, shows a new report from Banked. The personal finance website surveyed 1,020 New Zealand adults about their inclinations and attitudes to investing.

    When asked what type of investment they were most likely to invest in, the top choice for Gen Z and Millennial Kiwis was shares (26.8% and 24.2%, respectively).

    Property was the second most common choice for Gen Z, with 19.3% of those aged 18 to 26 saying they were most likely to invest in that investment type.

    Along with shares, Gen X say they are just as likely to invest in cryptocurrency (both selected by 21.3% of respondents).

    Those of the Baby Boomer generation are much less interested in shares (13.3%) while more than a third (35.2%) say their top investment choice is a term deposit.

    “Our report shows a fascinating difference in the investment interests of Kiwis across age groups,” says Kevin McHugh, Head of Publishing for Banked.

    “The boom of micro-investing apps and the popularity of so-called ‘Reddit stocks’ has captured the imagination of younger generations and they’ve really embraced investing in shares and funds.

    “But as we move up the age groups there’s a declining interest in shares and a much greater attraction to lower-risk term deposits,” says McHugh.

    “We also see that while home ownership has become increasingly difficult in recent years, it hasn’t dented the aspirations of younger people to own property.”

    See the full report: https://www.banked.co.nz/nz-investor-report-2023

    Most Kiwis optimistic for 2023

    Banked’s report also shows that a majority of New Zealanders believe this year will be more fruitful for investors.

    Asked if they thought 2023 would be a better year for investing than 2022, more than half (52.2%) said yes. Only 17.1% said no, while 30.8% said they didn’t know.

    “Twenty twenty-two was a turbulent year for investors, with most investment types losing value. But most Kiwis are feeling more positive about 2023 and some may turn to investing as a way to counter the impact of inflation,” says McHugh.

    A nation of socially responsible investors

    The new report reveals the importance of environmental, social and governance (ESG) investing to New Zealanders.

    A huge 87.1% of respondents say it’s important to invest socially responsibly, and only 12.9% disagree.

    Gen Z feel the most strongly about the topic, with 90% saying it’s important. But the belief was uniform across all ages, with no age group dropping below 82%.

    For those that say they didn’t think socially responsible investing was important, a desire just to get the best return possible is the main reason for most (42.4%), while 32.6% say they thought it made no difference.

    ENDS

    About Banked

    Banked is a financial information and deals website that has the goal of helping New Zealanders make the best decisions on the products they need.

  • Survey-1-Q.-What-type-of-investment-are-you-most-likely-to-invest-in-excluding-KiwiSaver
  • : Kevin McHugh
  • : Head of Publishing
  • : kevin@banked.co.nz
  • : 02108837789
  • : https://www.banked.co.nz/
  • https://www.facebook.com/BankedNZ

Christmas crunch: 60% of Kiwis stressed about the cost of Christmas

  • : Banked NZ
  • : 30/11/2022
  • 30 November 2022, New Zealand

    Highlights

    • Kiwis to spend an average of $623 on gifts this year.
    • Women much more stressed about Christmas costs than men.
    • Almost two-thirds would pay more for a sustainable gift.

    The majority of Kiwis feel stressed about the cost of this year’s Christmas, reveals the latest research from personal finance information website Banked.

    A survey of 1,020 New Zealanders found that 60% of Kiwis describe themselves as either a ‘little stressed’ (46%) or ‘very stressed’ (14%) about the expenditure involved with this year’s festivities.

    Women are feeling under more pressure than men, with 70% reporting some level of stress, compared with 49% of men.

    Banked’s Christmas spending report found that Kiwis will spend an average of $623 on gifts this year. Women said they expect to spend $566 on average, while for men that figure climbs to $712.

    “With rocketing inflation and a cost of living crisis to contend with, lots of New Zealanders are really feeling the pinch this Christmas,” says Kevin McHugh, Head of Publishing at Banked.

    “Many will be worrying about their personal finances when they should be able to wind down and appreciate some well-earned time off with friends and loved ones.”

    Banked’s research also found that sustainability is an important consideration for Kiwis when buying gifts. Almost two-thirds (65%) say they would be willing to pay more for a gift if it was sustainable, such as one that involved zero waste or was made from recyclable materials.

    Younger people are even more interested in sustainable gift-giving, with 76% of those aged 18-24 (falling into the Gen Z age group) stating that they would be willing to pay more for a sustainable gift.

    Conversely, under half (49%) of those aged 55 and older say they would be willing to pay extra for a gift if it was sustainable.

    “Sustainability is a vital issue and it’s pleasing that so many Kiwis are willing to support it, even if it costs them a little extra at the checkout,” says McHugh.

    See Banked’s NZ Christmas Spending Report 2022.

    Top ways to save this Christmas

    Don’t feel obligated to spend beyond your means – “Christmas is an expensive time and many feel pressure to spend money that they don’t have,” says McHugh.

    “Don’t feel an obligation to buy gifts you’ll struggle to afford or take part in every costly social event. Put your wallet and your wellbeing first.”

    Secret Santa or group gifting – “Arranging a Secret Santa is a great way to cut costs. It can also be lots of fun and lets you focus on getting a great gift for one person.

    “Chipping in with others for a group gift is another excellent way to save, plus it makes it possible to purchase an otherwise unaffordable present,” says McHugh.

    Set a budget (and stick to it) – “It can be easy to overspend at Christmas. But by setting a budget and keeping track of your spending, you’ll make managing your finances over the festive period much easier,” advises McHugh.

    ENDS 

    About Banked

    Banked is a financial information and deals website that has the goal of helping New Zealanders make the best decisions on the products they need.

  • : Kevin McHugh
  • : Head of Publishing
  • : hello@banked.co.nz
  • : 642108881973
  • : https://banked.co.nz/

Media Giants Call on Biden to Drop Charges Against Assange

  • : Aotearoa 4 Assange
  • : 29/11/2022
  • Five of the world’s leading news outlets have sent an open letter to US President Joe Biden asking him to drop the charges against Australian Wikileaks founder Julian Assange.

    The letter states the charges against him set a ‘dangerous precedent’, relating to receiving and publishing classified material that revealed war crimes, torture, and environmental crimes. Assange is currently in a maximum security prison in London, and hundreds of doctors warn he could ‘die in jail in the coming months’.

    The New York Times used a photo of the Human Chain around British Parliament on October 8th, that New Zealander Matt Ó Branáin inspired. Ó Branáin welcomed the statement from the top Media brass saying ‘Joe Biden cannot run from this any longer. It would be a huge mistake to allow this disastrous prosecution to fall under his legacy. Free Speech is integral to the US identity and international respect.’

    Ó Branáin renewed calls for Jacinda Ardern to intervene diplomatically with Joe Biden and Rishi Sunak, saying ‘the case imperils not only Global Press Freedom, but New Zealand journalists working or travelling abroad, the integrity and safety of our troops, and the broader New Zealand public’s right to know. Staying silent on this is complicity, and will not age well, especially if he dies in prison. The public awareness of the significance of this case is growing every day.’

    The letter signed by five major media outlets states:

    ‘This indictment sets a dangerous precedent . . . Holding governments accountable is part of the core mission of a free press in a democracy. Obtaining and disclosing sensitive information when necessary in the public interest is a core part of the daily work of journalists. If that work is criminalised, our public discourse and our democracies are made significantly weaker. . . It is time for the U.S. government to end its prosecution of Julian Assange for publishing secrets.’

    Publishing is not a crime.

    The editors and publishers of:

    The New York Times
    The Guardian
    Le Monde
    DER SPIEGEL
    El Pais’

  • matt-chain
  • : Matt Ó Branáin
  • : National Co-ordinator of Aotearoa 4 Assange
  • : matt.o.branain@A4A.nz
  • : 4915231631792
  • : https://www.a4a.nz/
  • https://www.facebook.com/groups/a4assange | https://twitter.com/A4Assange | https://www.instagram.com/aotearoa4assange/ | https://www.youtube.com/channel/UC7Lgvm4ob5_kUS6NIaEXwvg

Lemon.io revealed the list of digital nomads’ safest and healthiest destinations: Australia, Germany, Hungary, New Zealand, Norway, and Portugal take

  • : Lemon.io
  • :
  • Lemon.io, a talent marketplace connecting venture-backed startups with vetted software developers, rolled out the list of the safest and healthiest countries for digital nomads

     Lemon.io analyzed data from two leading indices for health and safety — the Global Health Security (GHS) Index and Global Peace Index (GPI) — to determine the healthiest and safest countries with visa opportunities for digital nomads. Among the leading countries in the GHS Index, which measures every country’s preparedness to deal with public health emergencies like epidemics, are Australia, Germany, New Zealand, France, Spain, and others. As for the most peaceful countries in the world, the countries that topped the list include Iceland, New Zealand, Portugal, Czechia, and Hungary.

     Combining the two statistics, Lemon.io discovered the six countries that should be on any digital nomad’s definitive work destination list, both in terms of health and safety. These are:

    1. Australia
    2. Germany
    3. Hungary
    4. New Zealand
    5. Norway
    6. Portugal

    There are also visa-pending states that are likely to be added to the main list as soon as the digital nomad visa issuing starts. These are Italy, Latvia, and Indonesia.

      “Currently, there are nearly 40 countries that issue special visas for digital nomads. While many still measure their appeal based on traditional criteria such as cost of living, visa requirements, or infrastructure development, the past years have shown what truly matters: health and security. Having helped 800 remote developers around the world find employment, we at Lemon.io know firsthand how important it is to be comfortable working in different countries and under new circumstances,” — said Aleksandr Volodarsky, CEO of Lemon.io.   

    To help all the wanderlusts decide on their next destination, Lemon.io has prepared an informational starter pack for each destination option, which includes information on average monthly rent, estimated cost of living, eligibility, visa duration, visa cost, and the required monthly income to live comfortably in their desired location.

    See Lemon.io’s full analysis of the top countries in terms of safety and health here.



    ABOUT LEMON.IO

    Lemon.io is a talent marketplace of vetted software developers created with the big goal of connecting global venture-backed startups with world-class talent from emerging countries. The company is now on the way to providing jobs to a thousand engineers by the end of 2022.

  • : Hanna Zasukha
  • : Middle Content Outreach Specialist
  • : hzasukha@lemon.io
  • : 5012640636
  • : https://lemon.io

Kiwi Inspires Global Free Assange Human Chain Events

  • : Aotearoa 4 Assange
  • : 3/10/22
  • Auckland activist Matt Ó Branáin has inspired a worldwide movement of Human Chains on October 8th to free jailed Australian journalist Julian Assange.

    Ó Branáin proposed the idea of a Human Chain to #HugBelmarsh prison, which gained international support, and was retweeted by Julian’s wife Stella Assange. Due to some difficulties surrounding the prison, it has turned into a #FreeAssangeHumanChain of 5,000 surrounding British Parliament.
    Now 16 cities around the world will hold Free Assange Human Chains, including Washington DC, Ottowa, Wellington and Paris all on October 8th.

    Ó Branáin says ‘I feel simultaneously humbled and in awe of what a difference any of us can make, when we inspire others to unite. There’s nothing we can’t do when we stand together.’

    Julian Assange is currently in solitary confinement in a UK Supermax Prison, despite not serving a sentence. Top forensic psychologists, a UN expert, and hundreds of doctors say Julian Assange is being ‘tortured’ and is likely to die in the next few months if he is not freed.

    ‘This is the most crucial Human Rights battle of this Century, because the Right to Know is the master key to protecting all our rights. Every credible authority from the UN to Amnesty International is saying Julian’s imprisonment, and the US charges against him undermine Global Press Freedom. If it’s a crime to tell the truth we can’t solve anything. ‘

    Ó Branáin has launched a campaign asking kiwis to help him go and represent Aotearoa at the Chain in London. He will write the names of all who support him on raranga flax ribbons he will take to the event.
    ‘I know from talking to kiwis everywhere, nobody wants an Aussie journalist to die in prison for telling the truth. We gotta get him out. I’m asking kiwis to get behind me so I can represent them.’

    Matt is a teacher, media-designer and musician, who became intensely engaged on the Assange case when he read the findings of the UN Special Rapporteur on Torture Nils Melzer. For two years Matt has devoted the majority of his time to campaigning on this. He formed Aotearoa 4 Assange, and he recently committed to wearing what he calls ‘Gitmo Chic’ every day till Julian is free. An orange Guantanamo Bay style prisoner suit, and sign. ‘It’s been starting conversations everywhere I go. Kiwis are not at all happy when they hear an Aussie journalist is being tortured to death for telling the truth.’

    ‘Our Government, and Jacinda Ardern, need to urgently engage in diplomatic representations with our allies the UK and US, to ensure Julian’s release. All our rights are imperilled by his imprisonment, and by the US charges against him. There isn’t a bigger threat to the Western Democratic system than this case.’

    ‘Jacinda Ardern, has criticised misinformation at the UN, but where does she stand on truthful reporting?’

    • #FreeAssangeHumanChain around UK
      Parliament, London, 1pm October 8th, 1pm
    • #FreeAssangeHumanChain at the Beehive, Wellington, 12pm October 8th.
  • Matt chain
  • : https://youtu.be/33TOSTEXzlc
  • : Matt Ó Branáin
  • : National Co-ordinator of Aotearoa 4 Assange
  • : matt.o.branain@a4a.nz
  • : 64204382863
  • : https://www.a4a.nz/
  • https://www.facebook.com/groups/a4assange | https://www.instagram.com/aotearoa4assange/ | https://twitter.com/A4Assange | https://www.instagram.com/matt.o.branain/ | https://twitter.com/MattOBranain

A Dark day for Global Press Freedom – Patel Signs Assange’s Extradition

  • : Aotearoa 4 Assange
  • : 18/06/2022
  • Today was a dark day for global press freedom. The UK Home secretary Priti Patel has signed the extradition to send Australian journalist Julian Assange to the US, the same country who reportedly plotted to assassinate him, and has charged him for publishing leaked evidence of their war crimes.

    The Guardian’s Editorial says the decision ‘ought to worry anyone who cares about journalism and democracy’.

    Every major Human Rights group has called for Assange’s release. The International Federation of Journalists, representing over 600,000 journalists tweeted: “The UK decision to allow the extradition of Assange is vindictive and a real blow to media freedom. He has simply exposed issues that were in the public interest and Patel’s failure to acknowledge this is shameful and sets a terrible precedent.”

    A4A states the New Zealand Government can no longer remain silent on this case. A4A’s Matt Ó Branáin asked: “What will our government’s position be when it’s a New Zealand investigative journalist being imprisoned or extradited? What will this total lack of accountability mean the next time the US asks us to send our troops to die in another war?.”

    The Guardian warns this ‘potentially opens the door for journalists anywhere in the world to be extradited to the US for exposing information deemed classified by Washington. We cannot allow a legal precedent to be set that the US can throw anyone, anywhere in jail for revealing state crimes.

    Aotearoa 4 Assange’s Matt Ó Branáin said: “We reiterate our call for PM Jacinda Ardern to stand with Australian PM Albanese’s calls for our allies the UK and US to bring an end to this, and bring Assange home.”

  • : Matt Ó Branáin
  • : Aotearoa 4 Assange Spokesperson
  • : matt.o.branain@a4a.nz
  • : 64204382863
  • : https://www.a4a.nz

Alimetry announces US FDA Clearance for Gastric Alimetry – A Breakthrough Non-Invasive Wearable Device for Gut Diagnostics

  • : Alimetry Ltd
  • : 15/06/2022
  • Auckland, New Zealand – Alimetry, a medical device and digital healthcare company, today announced it has received US Food and Drug Administration (FDA) clearance for Gastric Alimetry, a pioneering non-invasive medical device for aiding the diagnosis gastric disorders. Alimetry also announced today the launch of Alimetry Inc., a subsidiary based in Minneapolis, MN, that will market and distribute Gastric Alimetry in the United States.

    “Gastric Alimetry is an industry-first and genuine breakthrough in gut diagnostics.” said CEO Greg O’Grady, a Professor of Surgery and co-founder of Alimetry. “Alimetry’s unique technology harnesses the power of stretchable electronics, wearables, digital health, and cloud-based analytics to deliver a completely non- invasive solution. We are thrilled to announce FDA’s clearance of Gastric Alimetry, making this new test available to millions of Americans suffering from chronic gastric symptoms”.

    The Gastric Alimetry test is performed in a clinical setting. Recordings are taken before and after a meal, while patients simultaneously log their symptoms into the Gastric Alimetry App. The system performs a high-resolution recording of digestive patterns from the skin surface and delivers clinical reports via the cloud to inform the diagnosis of gastric diseases and support personalized therapy.

    The system is indicated for common stomach disorders including nausea and vomiting, gastroparesis, and functional dyspepsia, affecting over 8% of the world’s population, and costing billions of dollars in healthcare expenses.1,2 The test is also currently available in the United Kingdom and New Zealand.

    “Diagnosing gastric symptoms has been a deeply challenging clinical problem.” Dr. O’Grady said. “Existing tests are frequently unreliable and inconclusive, and patients may undergo months or even years of testing – often costly, invasive, or involving radiation – only to end in confusion and trial-and-error care. Gastric Alimetry is a game-changing tool that will bring improved clarity to field, enabling enhanced clinical outcomes, and safer, more accessible, and less-invasive care.”

    Gastric Alimetry is the result of a decade of world-leading science and innovation by an interdisciplinary team of clinicians, engineers, designers and scientists.
    “FDA clearance of Gastric Alimetry cements Alimetry’s path to leadership in gastrointestinal wearables and non-invasive diagnostics.” Dr. O’Grady said. “Alimetry has an outstanding pipeline of innovation and this is the first plank in a series of innovative new features and products that stand to transform care in disorders of gastrointestinal function”.

    Gastric Alimetry will be available commercially from July 2022.

    For more information on Gastric Alimetry visit www.alimetry.com

    About Alimetry

    Alimetry was spun-out of the University of Auckland in 2019 from a centre of excellence in digestive diseases. The company was founded by Professor Gregory O’Grady, a gastrointestinal surgeon, and Dr. Armen Gharibans, on the background of a decade of award-winning science.

    References

    1. Sperber AD, Bangdiwala SI, Drossman DA, Ghoshal UC, Simren M, Tack J, Whitehead WE, Dumitrascu DL, Fang X, Fukudo S, Kellow J. Worldwide prevalence and burden of functional gastrointestinal disorders, results of Rome Foundation global study. Gastroenterology. 2021 Jan 1;160(1):99-114.
    2. Lacy BE, Weiser KT, Kennedy AT, Crowell MD, Talley NJ. Functional dyspepsia: the economic impact to patients. Alimentary pharmacology & therapeutics. 2013 Jul;38(2):170-7.
  • Alimetry_System_Grey
  • : Hanie Yee
  • : Chief Operating Officer Alimetry Ltd
  • : hanie@alimetry.com
  • : 6421651226
  • : https://alimetry.com
  • https://nz.linkedin.com/company/alimetry-ltd | @alimetry_ltd

‘Kia kaha’: PM Ardern Requested to Join PM Albanese in His Calls to Bring Julian Assange Home

  • : Aotearoa 4 Assange
  • :
  • A group of lawyers, politicians, journalists and activists known as Aotearoa 4 Assange have written to PM Jacinda Ardern asking her to ‘stand strong’ with new Aussie PM Anthony Albanese, to ‘secure the freedom’ of Australian journalist Julian Assange. According to the letter Assange’s life is in peril and so are the ‘foundations of global democracy’.

    A4A spokesperson Matt Ó Branáin says ‘the election of Albanese is a seismic shift’ for the campaign to free Assange, who is currently imprisoned in the UK and fighting extradition to the US. Unlike his predecessor Scott Morrison, Albanese is a member of the Bring Julian Assange Home Parliamentary Group consisting of at least 30 MPs. Albanese has reportedly said ‘enough is enough…I can’t see what’s served by keeping [Assange] incarcerated’.

    Green MP and Human Rights lawyer Golriz Ghahraman tweeted ‘the threat to Wikileaks founder Julian Assange’s freedom is a threat to press freedom around the world.’

    Assange has been detained in ‘solitary confinement’ for the last 3 years in the UK and a UN Special Rapporteur has said he is being ‘psychologically tortured.’ A letter from hundreds of doctors says he is likely to die soon if not freed.

    The US charges ‘criminalise publishing leaked evidence of US state crimes’. International Human Rights groups, including Amnesty International and the Council of Europe’s Commissioner for Human Rights have said the case is a threat to global press freedom.

    The letter argues that there is ‘no chance of justice’ if he is extradited to the US as Assange’s ‘legally privileged consultations with his lawyers were spied on’ and the Espionage Act ‘prohibits any public interest defence’.

    Ó Branáin says ‘no one can credibly say justice has been seen in the UK extradition trial’. Amnesty International said the UK extradition trial was a ‘circus’. IBAHRI said ‘with this extradition trial, we are witnessing the serious undermining of due processes and the rule of law.’ Applications to monitor the trial from Amnesty International and Reporters Without Borders were declined. A4A’s letter says ‘this is a political case, and political intervention is required’.

    UN Special Rapproteur on Torture Nils Melzer says if Assange is extradited to the US he would be detained in ‘conditions that amount to torture’. Ghahraman states that although the UK Magistrate Court has now ordered extradition to be signed ‘the Home Sec must decline’. ‘The UK has an obligation to avoid extradition to a place where he faces ill treatment and torture’. A4A called on Ardern to ‘make representations’ to Ms Patel not to sign the extradition order.

    Rt. Hon Helen Clark said ‘you do wonder when the hatchet can be buried with Assange, and not buried in his head by the way?. . . ‘The real issue really is the activities they were exposing, not their actions of exposure.’

    Ó Branáin says ‘Australia and New Zealand should call on our allies the US and UK, to end this perilous persecution of a South Pacific journalist, and bring Julian home.’

  • Matt-O-Branain---A4A
  • : Matt Ó Branáin
  • : National Co-ordinator of Aotearoa 4 Assange
  • : matt.o.branain@a4a.nz
  • : 64204382863
  • : https://www.a4a.nz/
  • https://www.facebook.com/groups/a4assange | https://twitter.com/A4Assange | https://www.instagram.com/aotearoa4assange/ | https://www.youtube.com/channel/UC7Lgvm4ob5_kUS6NIaEXwvg

Julian Assange Permitted to Marry in Belmarsh Prison

  • : Aotearoa 4 Assange
  • : 14/03/2022
  • Julian Assange Permitted to Marry in Belmarsh Prison

    Wikileaks founder Julian Assange has been given permission to marry his fiancée Stella Morris in the maximum security Belmarsh prison in London on March 23rd. Stella is a member of his legal team and mother of his two young children. The couple had to fight for their right to marry, even bringing legal action against the UK Government.

    Julian and Stella will be dressed by Vivienne Westwood. Julian will wear a kilt, honouring his Scottish ancestry. The couple are said to be very excited despite the severe restrictions imposed on the ceremony. They will be permitted only four guests and have been denied the request to marry in the prison’s Chapel, despite the fact that Julian regularly worships their.

    Stella told the Daily Mail that the right to marry is ‘written into law’ in the UK. ‘Of course, the circumstances are not ideal but I am relieved that reason has prevailed and I hope there will be no further interference with our marriage. Julian is not charged with any crime in this country, he is not serving a sentence, his imprisonment serves no purpose at all other than to prolong and make his suffering worse. I hope the injustice of this situation is swiftly brought to an end so that we can enjoy marriage outside of the walls of Belmarsh when he is freed.’

    Assange is being held in the notorious Belmarsh prison despite not being convicted of anything. He is awaiting the outcome of a US extradition request to face charges of ‘espionage’ for publishing evidence of war crimes and torture. Press freedom groups warn this unprecedented prosecution would criminalise fundamental journalistic practices.

    Assange recently suffered a minor stroke, and doctors warn this will likely lead to a fatal stroke if his conditions are not improved quickly. He is detained in solitary confinement 23 hours per day, which fits the definition of torture under international law. The Australian Government has been criticised for ‘sitting on their hands’ over one of their citizens. The UN Special Rapporteur on Torture Nils Melzer said The Australian Government as ‘failed to support Julian Assange, and is complicit in his psychological torture.’

    Helen Clark recently said ‘You do wonder when the hatchet can be buried with Assange? And not buried in his head by the way. But at some point, could people move on? I do think that the information that’s been disclosed by whistle-blowers down through the ages has been very important in broader publics getting to know what is really going on behind the scenes. And should people pay this kind of price for that? I don’t think so… The real issue really is the activities they were exposing, not their actions of exposure.’

    Aoteroa 4 Assange is calling on the New Zealand Government to stand for Assange to protect human rights, the public’s right to know and peace.

  • stella rainbow 2
  • : https://twitter.com/i/status/1462562408749170689
  • : Matt Ó Branáin
  • : National Co-ordinator of Aotearoa 4 Assange
  • : matt.o.branain@A4A.nz
  • : 64204382863
  • : http://a4a.nz
  • https://www.facebook.com/groups/a4assange | https://twitter.com/A4Assange | https://www.instagram.com/aotearoa4assange/

Alimetry raises $16.3 Million to launch wearable diagnostic device for the gut

  • : Alimetry Limited
  • : 02/03/2022
  • Alimetry, a digital healthcare and medical device start-up, announced today it has closed a NZ$16.3 Million financing round led by New Zealand largest venture capital investor Movac. Existing investor partners IP Group, Matū Karihi, and UniServices supported the round, with K1W1 also participating.

    The company will use the funding to accelerate the international launch of its first product, a wearable diagnostic device called Gastric Alimetry. Gastric Alimetry uses a stretchable high-resolution sensor to non-invasively map digestive patterns, and delivers clinical reports via the cloud to inform the diagnosis and classification of gastric disorders.

    Chronic gastric symptoms are extremely common, yet many of our patients still suffer from repeated inconclusive tests, trial and error care, and confusion,” said CEO Greg O’Grady, a Professor of Surgery and co-founder of Alimetry. “Gastric Alimetry is on track to deliver breakthrough results in diagnosing gastric symptoms, enabling enhanced clinical outcomes and safer, more accessible, and less-invasive care.”

    Gastric Alimetry targets prevalent stomach diseases including nausea and vomiting, gastroparesis, and functional dyspepsia, affecting over 8% of the world’s population and costing billions of dollars in healthcare expenses. The device is currently undergoing clinical trials in 5 countries, with results and further regulatory approvals expected during 2022. Alimetry will also use the new funding to expand its artificial intelligence capabilities and expand its product pipeline.

    Lovina McMurchy, a General Partner at Movac who will join Alimetry’s Board, stated: “While Alimetry has only recently come out of stealth mode in New Zealand, the team has made an incredible amount of progress in bringing their product to market globally. They are already working with the top gastroenterology clinics in the world to trial the devices and they are in the approval process with the Federal Drug Administration in the US for full scale commercialization. This is a tremendous example of what our science ecosystem can produce at it’s very best.

    Gastric Alimetry has recently received numerous innovation and product design awards, including Gold from the Australian Good Design Awards, and a prestigious ‘Purple Pin’ at the New Zealand Best Design Awards. The Best Awards judges stated: “This is a tangible example of how New Zealand science, technology and design can work together to produce brilliant results.”

    Alimetry was spun-out of the University of Auckland in 2019 from a centre of excellence in digestive diseases. The company was founded by Prof. Greg O’Grady and Dr. Armen Gharibans, on the background of a decade of award-winning science.

    To learn more about Alimetry visit www.alimetry.com.

    About Movac

    Movac is New Zealand’s largest and most experienced venture capital fund, supporting technology founders from early stage through to growth investing. Movac was the first institutional grade venture investor supported by both New Zealand Superannuation and Kiwi Wealth. It currently has $400m funds under management and invests across deep tech, software, hardware and healthtech.

    About IP Group

    IP Group is a leading intellectual property commercialisation company focused on evolving great ideas and cutting-edge research from its partner universities into world-changing businesses. The Group pioneers a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital, scientific insight, and supporting infrastructure. IP Group, which is listed on the London Stock Exchange (LSE: IPO), has a strong track record of success and, its portfolio comprises holdings in early stage to mature businesses across life sciences and technology. In Australia and New Zealand, IP Group works in close partnership with the Go8 Universities and the University of Auckland to identify ground-breaking technologies rooted in hard science, which have the most promising commercial potential. www.ipgroupanz.com

    About University of Auckland Inventors’ Fund, managed by Auckland UniServices

    The University of Auckland Inventors Fund is an evergreen, open-ended $20 million investment fund owned and managed by Auckland UniServices Limited, the commercial  company for The University of Auckland. The Inventors’ Fund provides seed capital for ventures started out of the University of Auckland.  www.uniservices.co.nz

    About Matū Karihi Fund.

    Matū is a venture capital fund investing in early-stage science and deep technology commercialisation from education and research institutions and the private sector. Karihi (nucleus) is Matū’s original pre-seed and seed-focused fund, working with start-ups at the earliest stages of their journey. As an open fund it raises capital over time and holds investments through to exit where possible, and therefore invests on a long timeframe. www.matu.co.nz

    About K1W1

    K1W1 Ltd is an investment company owned by Sir Stephen Tindall. It has invested over a total of $100M Seed and Venture capital into a large number of start-up and early stage businesses from Biotech, environmental technology, high tech, software and other high export potential businesses. The aim is, either directly or as a “fund of funds” to assist young entrepreneurs to grow New Zealand as a leader in the “knowledge economy” and to help create a culture of making New Zealand “cash flow positive” in international goods and services trade.

    Attached files: Gastric Alimetry-11

  • Alimetry_System_Light
  • : https://youtu.be/Tw2sBEDQsPU
  • : Hanie Yee
  • : Chief Operating Officer
  • : hanie@alimetry.com
  • : 6421651226
  • : https://alimetry.com
  • @alimetry_ltd | https://nz.linkedin.com/company/alimetry-ltd