Come to us for technology investment, business incubation, seed funding and research commercialisation
Great value is stored in the knowledge held by research-based organisations. But it is internationally recognised that the process of transforming academic knowledge into successful business models, commercial operations and sales is extremely challenging. This quest is being tested around the world in a number of models.
powerHouse has developed a unique model that has resulted in a high rate of commercial “spin-out” companies from academic institutions. These ventures are the culmination of intense screening of the commercial potential of intellectual property – a major part of powerHouse’s activity. IP must have the right alignment to market needs, and be at the right stage of development to be successfully converted into a commercial venture.
The journey faced by these ventures is challenging but significant returns are possible for those that achieve global success. In New Zealand last year, the 100 high-value Technology Investment Network manufacturing and technology companies (TIN100), some of which are based in Canterbury, grew by 5% to record revenues of $NZ7 billion. Exports grew by 4% to over $NZ5 billion. powerHouse’s purpose is to create more high-value technology companies like these.