The Zymbl Limited Partnership Zymbl operates under a registered limited partnership arrangement. The foundation document to this limited partnership is a partnership agreement between three partner groups.
Zymbl Innovation Limited An entity incorporated under the Limited Partnership Act and registered with the Registrar of Limited Partnerships in the Companies Office. It is the general partner (managing partner) of the partnership. Zymbl Innovation Limited has the power and authority to carry out the day-to-day operations of the business.
Galloway Trust This common law trust is the vehicle for whanau investment. It has a 10% stake in Zymbl Innovation Ltd and through fund-raising efforts brought $200,000.00 into the partnership. Individual whanau investing through Galloway Trust will benefit from its shareholding in Zymbl Innovation Limited. The partnership agreement will provide flexibility when distributions are considered by the Zymbl board each year. As the business grows and innovations are in the market, the returns to whanau are likely to increase.
The Principals Seven passionate individuals are behind the establishment of Zymbl. Together they are driving the Zymbl partnership and its anchor projects by applying their strong multi-functional skill sets, thought leadership and robust benchmarks to the development process. Bringing a diverse range of skills, integrity, relationships and networks to the company, the principals are well placed to ensure the ideas that innovators bring to Zymbl are given a real chance to incubate into something marketable.
Contact us for more information about partnerships.
