UK fund's A$200M investment commitment validates Powerhouse model, chairman says

Wed, 19 Jul 2017

By Jonathan Underhill July 19 (BusinessDesk) - London Stock Exchange-listed IP Group's decision to invest A$200 million over 10 years in commercialising scientific innovations from universities Down Under validates the business model of ASX-listed tech incubator Powerhouse Ventures, says its new chairman Russell Yardley. Powerhouse has a portfolio of 19 companies developing intellectual property spun out of New Zealand research institutions with a combined enterprise value of about $112 million, including CropLogic, an agricultural techno...

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