Ngati Kahungunu Iwi has bought into a pioneering computer graphics company founded and run by one of its own in a unique deal targeting improving numeracy and literacy.
The 40 per cent buy-in was confirmed last night by Animation Research Ltd founder and principal Ian Taylor, who is from Northern Hawke's Bay locality Raupunga and who has taken the company to the World with its innovative use of graphics in TV coverage of sports.
Founding Taylormade Media in 1989 and ARL the following year, he and the Dunedin-based companies burst into global limelight using its innovative technology in coverage of the 1991 Americas Cup regatta in San Diego.
It has branched into numerous other fields including high-end professional golf tournaments and international cricket, where its ball-tracking is used not only for spectator benefit but also to aid umpires in close-call decision-making.
Taylor said the companies had not sought outside investment, but it was automatic after Taylor had earlier this year spoken of the need for iwi throughout the country to invest in technology and the job policies and Tomoana asked: "What can we do?"