PowerON opens capital raise round

We are excited as our portfolio company PowerON (www.poweron.one) launches their capital raise, targeting a NZD$3mil raise to support further R&D work and build on the vision of soft robotics. Their “smart switch” technology is well suited to disrupt many industries, from robotics to consumer electronics, with a lot of interest from industrial partners already. We’re keen to support PowerON through their next stage of growth.

PowerOn unveils High Voltage Signal Generator

Our portfolio company PowerOn has showcased its first product, a high voltage signal generator that is designed for use with soft robotics systems. The product was originally developed because of PowerOn’s own needs for stable and accurate high voltage signals during R&D, and the team decided to make some units available for other research groups as well.

Read more details and watch the video here: https://www.poweron.one/poweron-high-voltage-signal-generator-at-eap-in-action-spie-smart-materials-and-structures-conference/

PowerON kickstarts MEiTNER research group

Congratulations to the team at PowerON for establishing the MEiTNER (Mulitfunctional Dielectric Electronics for Next Generation Soft Robotics) research group at TU Dresden as part of a 2 million Euro research grant over six years.

“Flexible robot systems will open up completely new applications that seem unimaginable to engineers today. We draw inspiration from the natural world around us – the end result of millions of years of evolution.” says Dr. Markus Henke, MEiTNER group leader at TU Dresden and PowerON’s CEO.

Read more here: https://www.poweron.one/new-robots-step-forward-meitner-begins/

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