Main investor in university-originated deep tech, IP Group Australia, has introduced a brand new A$125 million contribution from Hostplus to the IP Group Hostplus Innovation Fund.
Hostplus has added to its present A$310m funding to deliver its complete dedication to $435m, backing corporations like inexperienced hydrogen pathfinder Hysata, continual lung illness remedy biotech RAGE and sustainable lithium extractor Electralith.
IP Group ANZ CEO Michael Molinari stated the elevated Hostplus funding was a convincing vote of confidence in IP Group’s funding mannequin and proof that universities are efficient in commercialising deep tech.
“Hostplus recognises the numerous monetary and social potential from backing Australian deep-tech innovation,” Mr Molinari stated.
“Our partnership has been instrumental in constructing and deepening the ecosystem, with IP Group-Hostplus backed corporations elevating almost A$400m in capital and creating near A$1 billion in worth”.
Mike Molinari, Managing Director, IP Group
The fund has invested in world-leading corporations originating from IP Group’s Australian accomplice universities together with Monash College (RAGE and Electralith), College of Sydney (AMSL Aero) and the ANU (Forge Photonics).
Hostplus CEO David Elia stated the fund’s monitor document as considered one of Australia’s greatest buyers in enterprise capital was attainable due to the potential return on funding alternatives like this symbolize.
“Via our funding with IP Group, Hostplus helps to unlock the advantages of innovation and rising applied sciences,” Mr Elia stated.
“From biomedical therapies to renewable vitality expertise, the IP Group Hostplus Innovation Fund backs corporations working to ship sustainable and economy-building concepts that symbolize robust risk-adjusted returns for our members.
“We have now invested within the IP Group Hostplus Innovation Fund since 2018 as we see it as a chance to assist deep-tech corporations in a manner that aligns with our long-term funding technique and our dedication to delivering worth for our members.”
IP Group Hostplus Fund investments are impacting the world in areas like clear vitality, decarbonisation of business processes and transportation, drugs, healthcare and quantum computing.
Alistair McCreadie, IP Group Australia Chief Funding Officer stated, “Hostplus continues to be the main institutional investor in Australian college originated deep-tech corporations.
“The IP Group Hostplus Innovation Fund is delivering high quartile returns, proving the funding alternative of making deep tech corporations from high-quality scientific analysis.
“Hostplus’ management and ongoing dedication to constructing an modern financial system for the good thing about all Australians units them aside within the Australian funding panorama.
“We’re delighted of their newest dedication and backing of this compelling asset class.”