The Emergence of Revenue-based Venture Capital

An interesting article on Entrepreneur magazine about the rise of revenue-based VCs, who are making a larger number of smaller bets based on the current revenue of the companies. They’re mostly targeting SaaS or similar industries with well-understood business models, where gaining a decent amount of revenue derisks most of the business and the rest is about having lots of capital to fund marketing as the company enters the growth phase. We’re starting to see a little bit of this thinking appear in New Zealand, which will mean more companies getting funding once they have shown that their business model is viable at a small scale.

Read more here: https://www.entrepreneur.com/article/340384

Student Entrepreneurs at Canterbury win $85k in prizes

Congratulations to the winners of the University of Canterbury Entré challenge, with $85k worth of prizes awarded to a range of students and companies. Really interestingly, there are three joint grand prize winners, with some very cool ideas in the mix.

Read more here: https://www.canterbury.ac.nz/news/2019/85k-in-prizes-awarded-to-entrepreneurial-students.html

To beat climate change, we must look at ourselves

A great article from Prof John Hosking, Dean of the Faculty of Science at the University of Auckland, discusses how scientists both call for carbon reduction to fight climate change, while also having above-average levels of carbon production. It may make our lives more inconvenient, but we must look introspectively and understand our own behaviours in order to beat climate change.

Read more here: https://www.newsroom.co.nz/@ideasroom/2019/10/01/835757/the-carbon-footprint-dilemma-of-an-nz-scientist#

UoA signs MOU with AIST in Japan

Auckland UniServices has signed a Memorandum of Understanding with the National Institute of Advanced Industrial Science and Technology (AIST) in Japan, developing new technology innovation opportunities.

The agreement encourages technological co-operation in robotics, artificial intelligence, advanced materials, and energy. Prime Minister Jacinda Ardern was in attendance at the signing on September 20th.

Read more here: https://www.uniservices.co.nz/node/841

Investment #4: PowerON

We are proud to announce that we have placed investment into PowerON Limited alongside our syndicate partners.

The IP Group plc, the University of Auckland Inventors Fund and Matū Fund have together invested in a spin-out from the Auckland Bioengineering Institute at The University of Auckland.  POWERON Limited utilises the unique capabilities of dielectric elastomer technology to develop customisable, soft and flexible switches, actuators and logic capabilities for use in a variety of applications, from simple direct limit switches to distributed intelligence, lifelike soft-robotics and collaborative robots.

About IP Group plc – IP Group is a leading intellectual property commercialisation company focused on evolving great ideas from its partner universities into world-changing businesses. The Group pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital, scientific insight and the supporting infrastructure. In Australia and New Zealand, IP Group works in close partnership with the Go8 Universities and The University of Auckland to identify ground-breaking technologies, rooted in hard science, which have the most promising commercial potential. IP Group, which is listed on the Main Market of the London Stock Exchange under the symbol IPO, has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology.  www.ipgroupplc.com

About The University of Auckland Inventors Fund – The University of Auckland Inventors Fund is an evergreen, open-ended $20 million investment fund owned and managed by Auckland UniServices Limited, the commercial company for The University of Auckland.  The Inventors Fund provides seed-capital for ventures started out of the University of Auckland.  www.uniservices.co.nz

About Matū Fund – Matū is a venture capital fund investing in early-stage science and technology commercialisation from education and research institutions and the private sector. As an open and evergreen fund, Matū takes a long-term investment view and is aimed at turning ground-breaking ideas into globally focused, IP-rich companies. Matū provides intelligent capital with active governance, executive management, operational support, and mentorship for founding and executive teams.  www.matu.co.nz

Matū Ethical Investment Policy

We are proud to release our Ethical Investment Policy today. After several months of development and consultation with all team members, we have formed a principles-based policy that gives everyone in Matū a common framework for ethical investment.

We have also defined specific exclusions for areas that we won’t touch, and explicitly acknowledged grey areas and unpredictability that will be common amongst early-stage companies. The policy empowers the independent Investment Committee to make decisions about investment and divestment for our fund on an ethical as well as scientific and commercial basis.

Read the policy here: https://matu.co.nz/wp-content/uploads/2019/09/Mat%C5%AB-Ethical-Investment-Policy.pdf