Wellington venture capitalist recognised

Last updated 08:32 01/06/2012

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Venture capitalist Jenny Morel has been recognised with The Dominion Post Tribute to a Wellington Icon for her life's work in supporting technology companies.

Morel heads No8 Ventures, a Silicon Valley-style venture fund that she co-founded in 1998 to champion early-stage technology companies.

In recent years, investments have included stakes in the high-profile personal jetpack maker, Martin Aircraft Company, and Rex Bionics, which developed a robotic exoskeleton which allows wheelchair users to walk.

Morel, who is married to Reserve Bank governor Alan Bollard, abandoned a potential career in medicine for a degree in economics, then a masters, taking her first job with the Treasury.

She entered the world of investment banking in London, in the late 1970s.

Returning to New Zealand in the mid-1980s, she worked as a merchant banker, before working freelance from 1988 until 1996.

She founded Morel & Co in 1996, a niche investment bank specialising in working with technology companies.

She has held several directorships of companies including New Zealand Rail, CentrePort, Rural Bank, TrustBank and AgResearch.

Morel was a foundation board member of New Zealand Global Women.

She established the annual Morgo convention for technology entrepreneurs.

Morel was made a Companion of the New Zealand Order of Merit in 2005 for service to business.

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- The Dominion Post


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