NZ Herald - 4:00AM Tuesday May 05, 2009
By Tamsyn Parker

Some of New Zealand's best-known business and scientific minds have combined forces with the Government to help establish a new life science technology businesses.

Lion Foundation chairman Mike Smith, Rakon's Bryan Mogridge and former ANZ broker head William Randall are three of the names behind New Zealand Diagnostics - a company which has finalised a relationship with the Government's New Zealand Seed Investment Fund.

That fund was set up in 2005 to co-invest in start-up businesses alongside private investor groups.

Randall, spokesman for NZ Diagnostics, said those involved in the group came from a medical or scientific background and wanted to use that knowledge and experience to help further the development of companies in the life science sector.

Click here to continue reading