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30 November 2017

IP Group builds Australian team

The commercialisation firm, which launched operations down under earlier this year, has appointed several members to its senior executive team.

Author: Thierry Heles, editor

UK-based commercialisation firm IP Group yesterday named several members for its senior executive team that will lead operations in Australia.

Mike Molinari will lead the team as managing director, working closely with Alistair McCreadie, appointed chief investment officer, Asia Pacific.

The team also consists of Peter Grant, managing director for new business and partnerships for IP Group, who was previously appointed chairman of the Australian subsidiary.

Molinari previously served as an investment manager at Austalia-based VC firm Brandon Capital, having earlier been with IP Group in the UK as director at regulated subsidiary IP Capital, where he was responsible for third-party funds and took board seats at two portfolio companies.

McCreadie was previously an investment manager at pension fund AustralianSuper, where he specialised in identifying disruptive technologies. He will be responsible for managing the funding requirements of local spinouts and assisting the firm’s broader portfolio.

IP Group expects to grow the Australian team significantly over the next year, focusing initially on staff that specialise in technology identification, development and company building. The firm will particularly seek out candidates with a PhD or post-doctorate and with proven commercial acumen.

Peter Grant said: “I am delighted to welcome Mike back to IP Group, and to welcome Alistair to the team in Australia.

“Mike brings a wealth of knowledge and business acumen in the areas of technology, corporate finance and disruptive innovation, which will be very beneficial to IP Group Australia as we continue to develop and support technologies from our university partners.”

Mike Molinari added: “I am excited to be joining IP Group Australia. The IP Group model is well-suited to the Australian and New Zealand environment, where the quality of the research at our universities and institutes is world-class.

“I look forward to working with our growing local team, the broader IP Group team globally, and our partners at the Group of Eight and Auckland universities to translate this research into world-changing technologies and businesses.”

IP Group established the subsidiary in May 2017 with a $200m commitment and has signed agreements with nine universities across Australia and New Zealand.  

The agreements cover Monash University, Australian National University, University of Adelaide, University of Melbourne, University of Queensland, University of Sydney, University of Western Australia, University of New South Wales and University of Auckland.

Supporting articles: IP Group reaches for Touchstone

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