Could definitely happen in New Zealand. Same can-do attitude, and we have some pretty technical small companies here; just not much money or population base.
Besides the economic factor the major hurdle is bureaucracy. If you are a small country you can be sure that all the big guys will want to know what you are going to do, how, when and they would probably even request a means to overhaul the operation if they deem it necessary. And that's just international bureaucracy. Most nation governments will probably never support you in such an endeavour anyway.
There is no way something like this is happening in NZ.