News

IP Group Australia, which invests in science and innovation companies, is pleased to announce a new $100 million commitment from Hostplus to the IP Group Hostplus Innovation Fund.

The new funding will bolster investment in companies specialising in areas including clean energy, the decarbonisation of transportation and industrial processes, healthcare and artificial intelligence and machine learning.

With this new commitment, Hostplus has committed a total of $310 million to the Fund¹.

The Fund will continue its current mandate with an increased focus on university spin outs from IP Group’s university partners in Australia and New Zealand, alongside select opportunities from IP Group’s global portfolio.

The Fund has invested in several companies in IP Group Australia’s portfolio, including:

• Hysata (University of Wollongong), a company developing a new type of highly efficient hydrogen electrolyser that will deliver low-cost green hydrogen.

• AMSL Aero (University of Sydney), the developer of an efficient vertical take-off and landing aircraft (eVTOL) designed for aeromedical, emergency services and passenger markets.

• Canopus Networks (University of New South Wales), a company applying machine learning to understand and analyse traffic flows in telecommunications networks.

• Additive Assurance (Monash University), a developer of quality assurance technology for metal additive manufacturing.

Alistair McCreadie, IP Group Australia Chief Investment Officer, said, “This commitment from Hostplus to IP Group will support investment in companies that have the potential to drive environmental and social change, including clean energy, green transport, medicine, healthcare, artificial intelligence and machine learning.

“The IP Group Hostplus Innovation Fund continues to demonstrate the investment opportunity of deep technology rooted in Australian university research.”

Hostplus Chief Executive Officer, David Elia, said, “We are excited to further strengthen our partnership with IP Group to invest in Australian and global deep tech companies through the IP Group Innovation Fund.”

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Media contact:
Aileen Bodart, Cannings Strategic Communications, +61 432 160 136

About IP Group
IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK's largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach. Together we have a strong track record of success, having backed high-profile companies including Oxford Nanopore Technologies plc, First Light Fusion, Hysata, and Oxbotica. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

In Australia we partner with the Group of Eight leading universities and the University of Auckland in New Zealand. We are the most active investor in university spinouts in Australia investing across deeptech, life sciences and cleantech.

For more information, please visit our website at www.ipgroupanz.com.

About Hostplus
Hostplus is one of the largest industry super funds in Australia with 1.7 million members,
more than 290,000 contributing employers and $100 billion in funds under management. For more information please visit www.hostplus.com.au²

1 Total funds invested by Hostplus as at the date of this release.

2 $100 billion funds under management at 12 May 2023. Includes funds under management for the Hostplus Pooled Superannuation Trust. 

This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS), available at hostplus.com.au before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au.