The New Zealand Israel Innovation Hub (NZIIH) was established in 2021 to foster a mutually beneficial economic partnership between Israel and Aotearoa New Zealand through trade and innovation. Recognizing the need for New Zealand to undergo a tech transformation similar to Israel's in the early 2000s, the initiative was conceived to leverage Israel's unique expertise, and to provide a platform by which New Zealand and Israel can constructively engage. The NZIIH operates offices in both countries. As a non-profit, it isn't financially backed by the governments of either country, and all revenue is reinvested into its operations.