When Fisher and Paykel announced it would close its Mosgiel plant last month, "I was thinking about closing this place," Mr Taylor (58) said.
"It was either shut this place down or change the direction. So, over the next five or six months, we are looking at other ways to secure our future."
Mr Taylor, who left this week for a four-week overseas trip, said he would be talking with businesses in several countries interested in partnering with Taylormade.
"It has only been a few weeks, but already there has been a bit of interest."
Despite dealing with high-tech multimedia applications, the company was an exporter of products, as was Fisher and Paykel, he said.
"Fisher and Paykel solved their problems by moving.
We are going to look at finding funding partners overseas."
It was an important time for the company, which began in 1990 and now employed 25 full-time staff, as it had secured contracts to supply sporting graphics for several major sporting tournaments, including the US Open, cricket matches in India, world match racing in South Korea and dhow boat racing in Dubai.
"At any other time in history it would have been fantastic . . . we are realising we are in the wrong place, but moving this company somewhere else isn't an option."
Not only was the high New Zealand dollar hurting the company, but also the increasing cost of travelling meant an overseas-based investor was imperative for the continuation of the company, he said.
Investment from overseas would allow the company to continue to make world-class software packages from Dunedin rather than travel overseas to install and service hardware.
"For years, I said there is no such thing as the tyranny of distance, but it is well and truly there.
"But we don't want to move.
''We love it here."
