Incubator merges with tech investment firm

Dunedin’s Upstart business incubator has announced its merger with early stage technology investment firm powerHouse Ventures.

The merger will provide seed funding and support for businesses within the research-based technology sector.

It follows a partnership between Upstart and the Christchurch-based powerHouse Ventures, which was announced in November last year.

Upstart, which is jointly owned by the Dunedin City Council, University of Otago and Otago Polytechnic, has been helping high-growth companies get started since 2004, by providing incubation and angel investment services.

It has a network of investors across the country and now has operations in Dunedin, Christchurch, Wellington and Auckland.

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