Ep 9 - From Appliances to Aerospace - Backing the next generation of NZ companies

In this episode of the Aurellan Intergenerational Thinking podcast, Chris Di Leva is joined by Fiona Foster of Movac and Andrew Bascand of Harbour Asset Management for a conversation about how innovation gets funded in New Zealand and where it comes from. Fiona shares how Movac identifies and backs high-growth companies at an early stage, drawing on examples like Dawn Aerospace, Halter and Auror. She explores what it takes to build conviction long before a company's potential is widely understood, and the discipline required to invest across the uncertain early phases of a company's lifecycle. Andrew brings the perspective of listed markets, showing how breakthrough innovation often emerges from unexpected places. He points to Fisher & Paykel Healthcare, today an index heavyweight, which began life spun out of an appliance manufacturer, as a reminder that tomorrow's market leaders don't always start where you'd expect. Together they examine the connections between public and private markets, early-stage and listed investing, and what it means to back enduring New Zealand companies with capital, patience and a genuinely long-term mindset.