17 August, 2012

New trust formed to grow clean technology sector in Kāpiti

A high powered trust has been formed to drive the development of Kapiti-based clean technology projects.

The Clean Technology Trust will provide a range of services to help selected clean technology ventures to become commercially self-sufficient.

The Trust will be chaired by David Moloney. Mr Moloney was a director with the successful Interlock group of companies, a former chair of Trade NZ and former commander of the New Zealand Special Air Services (SAS). He says the Trust will work with existing agencies to help resource and add value to viable clean tech businesses.

“We will be working closely with Grow Wellington, the Kāpiti Coast District Council and Ōtaki’s Clean Technology Centre to support proven technologies on their journey to commercialisation.”

Trust members include Simon Arnold, a Wellington businessman who has been involved in clean technology start up companies, Tim Armstrong, a Te Horo energy management and renewable technologies consultant, Kāpiti property developer Stuart Pritchard, Kāpiti Coast District councillor, Tony Lester and Kāpiti resident Ann Verboeket a Senior Economic Development Associate for Economic Development Agencies of New Zealand. Dr Steven Finlay, former manager of the Clean Technology Centre of Excellence for Grow Wellington, has been appointed CEO.

Mr Moloney says he is looking forward to working with experienced people of such high calibre.

“I can’t imagine a better team to be driving such a significant venture. This is about promoting cutting edge technology, which is in huge demand internationally. If we get this right the benefits for Kāpiti and the wider Wellington region will be enormous,” says Mr Moloney.

The Kāpiti Coast District Council has approved a $1.5 million loan to help the Trust with set up and development costs. Trustee, Councillor Tony Lester says he’s looking forward to being part of the venture.

“With the support of a progressive Council, Kāpiti is fast establishing itself as a birth place of clean technology. This trust will further cement that position and contribute to the region’s aspirations in the areas of clean technology, science and innovation.”

Part of Council’s staged loan to the Trust will be used to fund innovative projects in partnership with agencies such as the Ministry of Science of and Innovation.

The Trust’s long term vision is to develop a clean technology business park in Ōtaki, adjacent to the Clean Technology Centre. Mr Moloney says a range of businesses have expressed an interesting in locating in the park.

“We are on a mission to make this happen and what better products to be promoting than technologies that will lighten our footprint on the planet. That is a powerful and inspirational driver for all of us involved in this venture.”

ENDS

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