What now?

He's got no plans for politics; his focus will be on the many innovative technology companies he's involved with. He says countries such as the US which have strong economic engines are at the leading edge in the technology space. He says NZ also has the potential to do that and says his economic background is helpful when it comes to crunching numbers and seeing whether a venture is profitable.

One of the companies he's involved with is Greentech Robotics, based in Palmerston North, which is in the final stages of having one of its products, WeedSpider, operating on farms in the US. It's set to be the world's first truly autonomous weeding robot capable of identifying and eliminating weeds in a variety of crops, without a human lifting a finger.

Bailey says the idea was developed to help commercial vegetable growers who worldwide are facing labour shortages. The robot drives up and down the rows of plants, identifying and removing the weeds. The company has other products in the pipeline. He says throughout his life he's been prepared to put some resource into developing new businesses and helping to create new jobs. The next phase of his life will be in the technology sector.