Trade Me exec to head IP firm

Last updated 16:24 04/07/2014

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Departing Trade Me chief operating officer Mike O'Donnell will head a new company set up by the Government to license its "know-how" and intellectual property to other governments.

The new company will be a joint venture between the Ministry of Foreign Affairs and Trade and New Zealand Trade and Enterprise.

NZTE spokeswoman Ann Clifford said the company had not yet been named and would probably initially employ a handful of staff.

Trade Me announced last month that O'Donnell would leave the online auction giant next month.

NZTE chief executive Peter Crisp said New Zealand government agencies were well respected internationally, so there was an opportunity to export their skills, systems and know-how.

As the new business was a commercial operation, it needed a leader with an entrepreneurial background, and O'Donnell was "a great fit", he said.

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