Victoria University of Wellington’s commercialisation office Viclink has partnered venture capital firm Powerhouse Ventures to back startups based on the university’s research.
Viclink will provide intellectual property and technologies suitable for new business creation backed by Powerhouse.
The venture capital firm is discussing the possibility for five startups and will potentially invest in the existing Viclink portfolio.
Viclink has secured 10 licenses, spun out four technology startups and set up eight student startups in the past four years.
Powerhouse has backed 22 businesses founded on university and research institute IP and is itself preparing to float on the Australian Stock Exchange (ASX) later this year.
Geoff Todd, managing director of Viclink, said: “Viclink has had a strong partnership with Powerhouse in the past and we are excited to continue this in the future. This expanded relationship will extend our mutual ability to build new companies and new possibilities from Victoria’s research.”
