Notice about Powerhouse Ventures Limited

March 2018

Following the liquidation of Hydroworks Ltd in August 2017, Callaghan Innovation suspended operational funding to Powerhouse for the technology incubator pilot programme, and engaged an independent party to review the effect the liquidation may have on Powerhouse’s incubator services. Callaghan Innovation has taken the findings of this independent review and is working with Powerhouse to ensure it continues providing incubation services as required under the pilot programme agreement. Operational funding is still suspended.

Should you have an enquiry that your Powerhouse investment manager is unable to answer regarding this matter, please direct this to nadine.williams@callaghaninnovation.govt.nz

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