The commercialisation arm of Victoria University of Wellington has secured $6.6m for its spinouts under an initiative funded by local financial services firm Booster.
Victoria University of Wellington’s commercialisation arm, Viclink, has joined forces with financial services firm Booster to funnel at least NZ$10m ($6.6m) into its spinouts under an initiative called New Zealand Innovation Booster.
Booster will provide the funds in annual tranches of at least $1.3m over the next five years.
New Zealand Innovation Booster is the first formal relationship between a New Zealand-based financial institution and university set up to back spinouts. It is designed to give companies better financial security…
