Innovyz Venture Fund rated "Commended"
Evergreen Ratings has awarded a "Commended" rating to the Innovyz Venture Fund ILP, which invests in early stage innovative companies. Innovyz’s commercialisation programs source research ideas and innovations from universities, research institutes and laboratories in Australia and New Zealand. The fund then invests in the corporate entities that Innovyz Institute has created to commercialise the research.
Evergreen cited fund manager Innovyz Capital Management's highly skilled team and the strength of the fund's Early Stage Venture Capital Limited Partnership (ESVCLP) structure as reasons for the rating. It also said another strength was the fact that Innovyz holds investments alongside investors, providing significant alignment of interests.
“Innovyz’s investment case is based on the belief that Australian and New Zealand universities and research institutions undertake some of the best research in the world. Innovyz has seen a need for a systematic and thorough process to bring this research to market so that it’s not left stranded in laboratories and universities," Evergreen founder and CEO Angela Ashton said.