IP Group Australia, the main investor in university-originated deep technology, has welcomed a significant boost of A$125 million from Hostplus to its IP Group Hostplus Innovation Fund.
Hostplus has bolstered its existing A$310 million fund by an additional A$125 million, underscoring its commitment to supporting innovative companies such as green hydrogen trailblazer ?, chronic lung disease treatment biotech RAGE, and sustainable lithium miner Electralith.
IP Group’s ANZ CEO, Michael Molinari, cited the increased funding from Hostplus as a resounding endorsement of their financial model, underscoring universities’ ability to successfully commercialize cutting-edge technology.
“Hostplus acknowledges the substantial economic and societal benefits of supporting Australian deep-tech innovation,” Mr Molinari said.
“Our collaboration has played a pivotal role in establishing and expanding the ecosystem, with IP Group-Hostplus-backed companies securing nearly A$400 million in funding and generating a value of approximately A$1 billion.”
Mike Molinari, Managing Director, IP Group
The fund has invested in pioneering companies affiliated with prestigious Australian institutions, including Monash University’s RAGE and Electralith, the University of Sydney’s AMSL Aero, and the Australian National University’s Forge Photonics.
According to Hostplus CEO David Elia, the fund’s robust observe report as one of Australia’s largest traders in business capital is attributed to the potential for significant returns from investment opportunities like these.
“With support from IP Group, Hostplus unlocks the benefits of innovation and emerging technologies,” said Mr Elia.
“The IP Group Hostplus Innovation Fund invests in pioneering ventures that drive sustainability and economic growth, delivering strong risk-adjusted returns to our members through diversified investments in biomedical therapies, renewable power expertise, and other innovative projects.”
“We have maintained an investment in the IP Group Hostplus Innovation Fund since 2018, viewing it as an opportunity to support deep-tech companies in a manner consistent with our long-term investment strategy and commitment to generating value for our members.”
The IP Group’s Hostplus Fund is driving positive change globally by investing in innovative solutions that transform industries such as clean energy, sustainable processes, medical advancements, healthcare innovations, and quantum computing breakthroughs.
According to Alistair McCreadie, Chief Funding Officer at IP Group Australia, Hostplus remains the primary institutional investor in Australian colleges’ originations of deep-tech companies.
The IP Group’s Hostplus Innovation Fund has consistently generated outstanding returns, demonstrating its innovative approach to transforming cutting-edge scientific research into successful deep-tech companies.
What sets Hostplus apart is its proactive approach to building a robust economy that benefits all Australians, distinguishing it from other players in the country’s financial landscape.
“We’re thrilled by their latest commitment to supporting this innovative investment opportunity.”
