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Backing deep tech innovation

28 September 2017
Backing deep tech innovation

WNT Ventures are pleased to announce a partnership with LevelTwo Parnell technology cluster, which will advance the development of deep tech innovation and companies within central Auckland and New Zealand.   

LevelTwo, on Balfour Road Parnell, provides an expansive 2,300 sqm of working space for early-stage science and hardware ventures.  It has been the base to over two dozen startups, in fields as diverse as agritech, biotech, chemistry and rocketry, including Rocket Lab, LanzaTech, BioConsortia and Dotterel, along with WNT Venture’s investee companies, Mint Innovation and Avertana.  

Not only do companies gain access to communal facilities, workshops and laboratories, but they become a part of a collegiate environment, with residents sharing everything from equipment and advice to investor referrals and “war stories”.    

The partnership will see WNT Ventures provide selected pre-revenue companies, based in LevelTwo, with an opportunity to access Callaghan Innovation Pre-incubation grant funding. Companies that meet the criteria will work with WNT Ventures, receiving funding and assistance for strategic planning, company structuring advice, financial analysis, IP protection and strategy.  Companies will also benefit from WNT Venture’s extensive network and mentors. This work will assist in building towards becoming commercially viable for investment. 

LevelTwo Director, Mat Rowe, states that “The team at LevelTwo are passionate about providing flexible facilities for emerging companies to grow. As entrepreneurs, we understand first hand that it takes a community to raise a start-up, and we are pleased to welcome WNT Ventures’s resources to support the exciting companies in our space". 

Carl Jones, CEO of WNT Ventures, is confident that by providing companies with a superior working space, alongside access to WNT Ventures offerings, will help the creation of more successful, global companies. “WNT Ventures is proud to be a part of this partnership, backing some of New Zealand’s greatest deep tech innovators.  We are looking forward to working alongside LevelTwo and their companies in the future”.

 

 

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“The more original a discovery, the more obvious it seems afterwards.

Arthur Koestler