INDEPENDENT NEWS

Pacific Channel Joins Callaghan Innovation Technology Incubator Programme

Published: Tue 11 Jun 2024 02:44 PM
Callaghan Innovation today announced it has appointed specialist Deep Tech venture capital firm Pacific Channel as its newest Deep Tech Incubator Programme partner.
Pacific Channel is a Deep Tech venture capital firm that invests in Deep Tech startups across Asia-Pacific seeking to develop solutions to global challenges in food, health and the environment.
Marny Reakes, Pacific Channel Venture Partner says: “We are delighted to join the Callaghan Innovation Deep Tech Incubator programme, and the opportunity to support more ambitious New Zealand Deep Tech ventures to thrive on the global stage.Marny Reakes (Photo/Supplied)
“We recognise the vast potential of Deep Tech innovation in this country. For two decades Pacific Channel has worked with researchers, founders and entrepreneurs seeking to leverage groundbreaking innovations striving to address complex, global challenges. We are excited that this partnership will enable us to back Deep Tech ventures at their earliest stage,” says Ms Reakes.
Comprising academics, industry experts, serial exited entrepreneurs, investment professionals, venture partners, advisors, and strategic consultants, the Pacific Channel team offers Deep Tech companies commercialisation support, international and local connections, and access to the investment capital they need to achieve value inflection points.
She adds: “Our name truly represents our offering - a channel that provides startups access to an extensive network of industry contacts, strategic partners, and potential customers.
“Strong relationships in local and global scientific and business communities create opportunities and mean we can support startups to establish a strong market presence.
“We are looking forward to being part of the Callaghan Innovation whānau so we can help many more New Zealand Deep Tech startups to succeed,” says Ms Reakes.
Callaghan Innovation Product Manager Celeste Peh oversees the Deep Tech Incubator Programme. She says the organisation is committed to supporting Deep Tech innovation.
“Kiwi scientists and engineers face many hurdles in successfully commercialising Deep Tech innovations. There are very few private organisations willing to patiently commit funds and provide expert support for ideas that will take many years to come to fruition.
“The programme was conceived to ensure that many more of this country's world changing Deep Tech ideas can progress from the lab and go on to succeed in global markets.
“Pacific Channel is an excellent addition to our suite of four partners, and we’re looking forward to working with them to support more Kiwi Deep Tech startup success,” she says.
NOTES:
About the Deep Tech Incubator programme
Successful applicants to the programme receive at least $1m in funding – a $750,000 repayable grant from Callaghan Innovation and at least $250,000 in private investment from an incubator.The programme works by pairing people with mould-breaking ideas with one of Callaghan Innovation’s five partner incubators: Brandon Capital Partners, WNT Ventures, Bridgewest Ventures, Sprout Agritech, and Pacific Channel.Start-ups work directly with their incubator, taking advantage of bespoke support to refine and commercialise their idea in an environment that reduces the risks entrepreneurs and researchers face on the journey from concept to market.Incubators have specialist expertise and help with more than funding – each offers a support system that includes business expertise, governance, access to specialist networks and connections, mentorship and more.
About Deep Tech
Deep Tech refers to advanced technologies based on breakthrough science and engineering that tackle complex challenges. Deep Tech can create transformative impact but it requires extensive R and significant levels of expertise and investment for the successful commercialisation of products for global markets.

Next in Business, Science, and Tech

Rarest Whale In The World Found By Dunedin Man Sat On Couch, Having A Cup Of Tea
By: RNZ
Netflix Earnings: Will Supply Advantage Future-Proof The Streamer?
By: Parrot Analytics
SOS Arctic 2024: Mission Accomplished!
By: Osservatorio Artico
Revolver Rabbit’s Million-Dollar Masquerade: Infoblox Uncovers The Hidden World of RDGAs
By: Infoblox
Making A Single Plastic Bag Visible From Space
By: Eyesea
Commission Says Auckland Airport Charges Are Too High
By: Commerce Commission
View as: DESKTOP | MOBILE © Scoop Media