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Pacific Channel Joins Callahan Innovation Technology Incubator Program

Pacific Channel Joins Callahan Innovation Technology Incubator Program

 


Press Release: Callaghan Innovation

Callaghan Innovation today announced that it has appointed deep tech-focused venture capital firm Pacific Channel as a partner in its newest deep tech incubator program.

Pacific Channel is a deep-tech venture capital firm that invests in deep-tech startups in the Asia-Pacific region looking to develop solutions to global challenges in food, health and the environment.

Pacific Channel Venture Partner Marnie Leeks said: “We're excited to be part of the Callaghan Innovation Deep Tech Incubator program and have the opportunity to help more ambitious New Zealand deep tech ventures succeed on the global stage.”

Marnie Leakes (Photo/Courtesy)

We recognise the huge potential for deep tech innovation in the country. For two decades, Pacific Channel has worked with researchers, founders and entrepreneurs looking to leverage breakthrough innovations to solve complex global challenges. “We are excited about this partnership, which will enable us to support deep tech ventures from their early stages,” said Reeks.

The Pacific Channel team is made up of academics, industry experts, serial entrepreneurs, investment professionals, venture partners, advisors and strategy consultants who provide Deep Tech companies with commercialization support, international and regional connections and access to the investment capital they need to achieve their value tipping point.

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She adds: “Our name truly describes what we offer: a channel that gives start-ups access to an extensive network of industry contacts, strategic partners and potential customers.”

Our strong relationships with the local and global scientific and business communities create opportunities and we can support start-ups to establish a strong market presence.

“We're excited to join the Callaghan Innovation whnau and help support the success of more New Zealand deep tech startups,” Mr Reeks said.

Celeste Peh, innovation product manager at Callaghan, who oversees the Deep Tech Incubator program, said the organization is focused on supporting deep tech innovation.

New Zealand scientists and engineers face many hurdles in commercialising deep tech innovations, with few private organisations willing to patiently put funding and expert support into ideas that take years to come to fruition.

The program was designed to ensure that many of the country's world-changing deep tech ideas can be developed from the lab and thrive in the global marketplace.

“Pacific Channel is a great addition to our four partners and we look forward to working with the company to further support the success of New Zealand deep tech startups,” she says.

Note:

About the Deep Tech Incubator Program

Successful applicants in the program will receive at least $1 million in funding from Callaghan Innovation, a $750,000 repayable grant and at least $250,000 in private investment from the incubator.

The program works by pairing people with unconventional ideas with one of Callaghan Innovations' five partner incubators: Brandon Capital Partners, WNT Ventures, Bridgewest Ventures, Sprout Agritech and Pacific Channel. Startups work directly with the incubator to refine and commercialize their ideas with customized support in an environment that reduces the risks entrepreneurs and researchers face on the journey from concept to market. Incubators have the expertise to help beyond funding. Each incubator provides a support system that includes business expertise, governance, access to expert networks and connections, mentorship and more.

About DeepTech

Deep Tech refers to advanced technologies based on breakthrough science and engineering that address complex challenges. Deep Tech can create transformative impact, but requires extensive research and development and significant expertise and investment to successfully commercialize products for global markets.

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