Hostplus has invested an additional $56m in the IP Group Hostplus Innovation Fund, having previously committed $99m.
Superannuation fund Hostplus has added A$75m ($56m) to the IP Group Hostplus Innovation Fund, a vehicle it launched together with commercialisation firm IP Group, the Financial Standard has reported.
Hostplus previously committed $99m to the fund, which was launched in 2018.
The fund focuses on areas including healthcare, quantum computing, clean energy and decarbonisation. In addition to the additional capital, its remit has now expanded specifically to commercialise research from IP Group Australia’s partner universities.
Alistair McCreadie, chief investment…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
