Hon STUART NASH (Minister for Economic and Regional Development): Last month, PricewaterhouseCoopers, the Angel Association New Zealand, and New Zealand Growth Capital Partners released a report that showed New Zealand has a start-up ecosystem that is more self-sufficient and sustainable than at any point in the past. It demonstrated not only resilience but an increase in maturity. New Zealand Growth Capital Partners administers a $300 million Elevate fund and an $80 million Aspire seed fund on behalf of the New Zealand Government. The report stated—and I quote—"Interest in New Zealand startup investment did not diminish in 2020, despite some dire predictions early in the year as COVID-19 struck. $158 million was invested into 108 deals, and this is the third year of $100 million-plus of investment in startups and also the third year of more than 20 percent year on year growth in dollars invested."