UK fund’s A$200M investment commitment validates Powerhouse  

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 technology company that published a prospectus this month to raise A$8 million and list on the ASX.

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