Tech incubator Powerhouse revalues portfolio pre-ASX listing

Tue, 19 Jul 2016

By Fiona Rotherham July 19 (BusinessDesk) - Technology incubator Powerhouse Ventures has recorded a $7.7 million increase in the fair value of its investments in early stage start-ups in just six months as it readies itself for a listing on the Australian Securities Exchange this year. Christchurch-based Powerhouse takes technology in New Zealand’s universities and research institutes to market through a portfolio of start-ups. It is yet to make any divestments since it started investing in 2010, though it has written off two failed ventu...

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