Business incubator Powerhouse Ventures mulls $40 million IPO

Thu, 11 Dec 2014

By Fiona Rotherham Dec. 11 (BusinessDesk) - Powerhouse Ventures, one of the three new technology business incubators part-funded by government, is considering a $40 million initial public offering to raise capital for growth. Powerhouse was named as one of three of the new technology-focused incubators introduced by government this year based on a successful Israeli model. Early stage investment to the companies it incubates is provided in collaboration with high net worth private investors and the government’s business innovation agency,...

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