 Yeah, thanks very much for coming and joining us for the afternoon session We have an amazing panel before we go to that I would like to invite my friend Matt Hoskin. Where's Matt? Is Matt in the house? He's out there Matt just to say a couple of words. I know the conversation around Immigration has come up over the last few days Especially as it relates to investment and the entrepreneurial Ecosystem here and what those guys are doing. We've had Nigel and Peter Chris come and talk about the strategies of immigration and entity around Helping develop the economy what the future of the nation is and and how we tell that story to our foreign audience But I've had a the opportunity to work with Matt for the last year now And learning a lot about the immigration process and how that can be really aligned to help the Ecosystem thrive. So I like to invite Matt here for a few minutes Just to say a few words and and tell us about what immigration is working on in these specific areas Give it up to Matt Hoskin Who is going to start with a poem? Yes Okay, so when Yosef and I Got together at his office Our office actually a while ago and he was talking about new frontiers He said you're gonna have to get up and do something really personal To you to introduce yourself. He's really sprung this on me But actually I said well, I do back in their 90s. I went through this really Creative period at least I think it's great of when you hear it. You might not think so But I in there Funny enough, it was when I came to New Zealand It was just after I came to New Zealand So I came to New Zealand to play rugby in in vicargola of all places and I'm a huge supporter of Southland and in vicargola because it's kind of like It's distilled down New Zealand experience in many ways But I went through this usually created period because I was in Southland. I met my now wife went back to the UK and One day these four lines just popped into my head and and I've got a feeling this is going to be my bear wolf So I've got four verses of this poem. I think there's going to be more to come as I get older. So I'm heavily influenced by Edward Lear for those of you know Edward Lear was So it's somewhat ridiculous. It's called the the Gibbon of the gravy The Gibbon of the gravy swung down upon the veg and by rearranging broccoli built a very tasty hedge He bounded across the carrots and tiptoed upon the peas and the deep and dangerous stuffing went right up to his knees After scrambling other tatties and vaulting other roast. He reached his kingdom's far this point the Yorkshire Pudding Coast As the cold wind whipped across the horse radish sea He donned his cabbage coat and in search of new and distant shores set sail in the gravy boat So there we go Thank you very much So I actually lost it until a couple of days just thinking I was going to come here I think I must have had some premonition that you see was going to put me on the spot But look, thank you very much for inviting me up to speak and thank you very much for inviting us From government to actually be here. And you know, it's obviously a real privilege. I've known what actually Matthew you were the first first point in the kind of the first node ready of the network So I've known the guys for two or three four years now Maybe on and off and I've developed a really close relationship with Yosef in particular But I guess what I wanted to talk to you a little bit about was what we're doing in immigration to turn the dial to make the boat Go faster and I think there's a couple of things that I'm I want a couple of messages that I want to leave with you First of all government can be creative Nigel and Peter Kress per I think if you guys were here on Monday, you'd have got a very strong sense of how passionate They are about New Zealand. Now clearly. I'm not a key. I have two Kiwi kids I am very passionate about New Zealand. I feel very privileged to be here But I think it's very important that government looks at problems in a creative way Secondly that in immigration, you know, there are two sides to immigration as opportunity the stuff We're talking about now, but there's risk. We can't get away from the risk bet Governments need to manage risk at the border. It's a very big deal. That's increasingly a big deal So that stuff will never go away But what we've got to try and find a way of doing and what we try and do is find ways of being creative and Using immigration as a lever for economic growth, not just a border, you know, kind of passport stamping exercise You know, everyone does that. So in a small country that is a long way away where People like Yosef and Matt and Brian and everyone who sat here today can make a disproportionate difference How can immigration be part of facilitating that? not You know stifling it and I think that's what we're trying to achieve and I think the other thing is complementarity Just because we're government one of the things I really hate if I'm really honest is being called a bureaucrat People spit it at you sometimes and actually, you know, I Absolutely reject the old way of government, you know We have this construct in immigration and in the Ministry of Business and Innovation and employment around you know, the policy guys come up with a policy and enforcement guys kick people out and You know people stamp people's passports and stuff like but it's actually not it's a system. So When we started the investment work, it's been a bit like Being an entrepreneur as Yosef called me once an entrepreneur and I know what that means, but when we started the investor program Five or six years ago. It was born out of a very simple idea that we could attract Really smart people here with capital with commercial expertise and with International networks that will bring you in and closer to the rest of the world. That was the that was it That was the core of the idea. I've still got the one-page document that I wrote it down on and and in order to start that It was a bit like it was a bit like starting a business. So no one really thought it was a good idea I had to borrow our friends and family. That's other parts of the budget. All right, so No one gave me any budget for this we've owned and then we did a bit of capital raising a couple of years ago And guess what someone gave us some money. They actually thought it was a good idea So we're now at the point where we have about three and a half billion dollars in the pipeline. We have something like I Think it's eleven hundred twelve hundred investors in that pipeline We're doing some research work at the moment that shows that the actual flow on investment From that three and a half billion. You know, whether it's in bonds or what it doesn't really matter Because it's what it represents the relationship with New Zealand that it gives us an opportunity to build a relationship with those people But the flow on investment is somewhat is we reckon in the region of three times that What we've got to keep doing and getting better at is working out how we can get that working Productively for New Zealand not just stuck in bonds, you know, not just going into the Auckland property market but you know New Zealand's an open free country. It's a free market people make investment decisions based on their preference and what seems sensible at the time so The other thing that we're doing At the moment the conversation. We're having that Yosef wanted me to talk about was around entrepreneurship So for a while now having as a result really of meeting Yosef and Matthew and Brian and being exposed to the way they think and How they work and their values It occurred to us that there's this huge gap. We've got in the investor program for high net worth individuals That's great. You've already made some money. We've got this entrepreneur It's called an entrepreneur policy, but it's like come in buy a business employ three key business It's just buying a business, but we have this huge gap where People who have really outstanding ideas who could really you know could be the next zero We we have nothing for them. You have to have proved yourself before you get here We also struggle a little bit with round pegs in square holes or square pegs in round holes So people like Scott Nolan yesterday. I thought Scott's talk was incredible yesterday So, how do we get if Scott said hey, I'd like to come to New Zealand How do we find a policy that works for the anomalies who? Can do stuff that no one else really can a small number of people making a huge difference. So My chief executive Nigel who some of you saw the other day rang me He just really really excited after being here and after talking to Scott and after talking to you guys about How we could make a product that is completely different how we could look at this in a really un Government way we still got to manage the risk all that sort of stuff politicians got to be comfortable with it But how can we use immigration as a lever to? Not just shift the dial a bit, but like turn it all the all the way around And and I just finished by saying that that the key to the work that we've done has been Networks it's been about people and about networks and when I started doing this work I used to get a bit concerned. I didn't know about Capital raising what it meant and all that sort of stuff and actually I just let go and realize it doesn't matter Some other people know about that stuff. I can go and talk to Phil about that stuff You know if I really wanted to find out about it The key is presenting a face to government that people don't expect and being open to difference So the networks we've built across government and across regions and with you know You know people here have really started to pay dividends and if it wasn't for those networks this stuff wouldn't work So I hope that gives you some optimism for the future And and I'm more than happy to talk to any of you about this stuff and and keen to hear views because this needs to be It's not just government doing it unto you. This needs to be business government society culture. It's the whole deal Thanks very much