TelstraSuper increases exposure to Australian innovation

TelstraSuper has announced an investment in innovative technology being developed at Australian and global universities by partnering with listed private equity company IP Group Plc. 

Headquartered in London, IP Group invests in companies that are in the early stages of technology and innovation emanating from university research.

For the first time, a group of eight Australian universities will have access to the scale and expertise of IP Group.

TelstraSuper is proud to support the opportunity to commercialise Australian innovation in this way.  “This is an exciting investment chapter for TelstraSuper,” said TelstraSuper Chief Investment Officer Graeme Miller.

“This investment will provide capital to the best and brightest at Australian universities to commercialise their world-leading research.” Mr Miller said.

“We'll be supporting promising opportunities in the fields of healthcare, technology, cleantech and biotech based on scientific research and aiming to turn these into outstanding returns for our members,” he said.

IP Group partners with top-ranked universities and institutional investors, sourcing scientific ideas from its university partners. They incubate these ideas and provide finance and expertise to develop that intellectual property into viable investment-grade companies.

TelstraSuper has made an investment of $35 million in IP Group to help fund a planned $200 million over 10 years in investments in spin-out companies based on the intellectual property developed by academics at the eight universities.

The investment has been made through TelstraSuper’s Private Equity Market Portfolio by purchasing a stake in London Stock Exchange-listed IP Group. 

The commercialisation agreement – the first of its type in Australasia – involves IP Group Australia, the Group of Eight universities in Australia as well as the University of Auckland in New Zealand.

The nine universities are Monash University, Australia National University, the University of Adelaide, the University of Melbourne, the University of Queensland, the University of Sydney, the University of Western Australia, UNSW Sydney and the University of Auckland.

TelstraSuper uses a combination of internal and external expertise to manage our members’ savings. In fact, we’ve been a leader in bringing investment management in-house, with more than a decade of practical experience in the management of a variety of assets including Australian equities, fixed income and property.