Outset, NZ’s largest deep tech hub gets new name
New Zealand’s largest and fastest growing hub for deep tech startups is getting a new name, with LevelTwo becoming Outset Ventures. CEO Imche Fourie (pictured) says the new name reflects the evolution of Outset Ventures into the country’s largest company incubating and investing in early stage ventures founded on science and engineering breakthroughs addressing global challenges. “We’ve grown beyond being a shared space on the second floor of a building to a place where entrepreneurs can grow their groundbreaking science and engineering innovations with us ‘from the outset’,” says Ms Fourie. “The new name speaks to our commitment to grow New Zealand’s flourishing deep tech entrepreneurial community, where founders can find support to fuel their global ambitions of curing diseases, slowing climate change, reversing pollution; and producing sustainable foods, fuels and space flights.” Previously the birthplace of Rocket Lab, LanzaTech and Mint Innovation, which once all resided on ‘level two’ within the Outset Ventures building, the company now houses commercial laboratory and workshop facilities, a six-month pre-incubation ‘Launch Lab’ programme, and a $10 million deep tech fund raised with Icehouse Ventures that will back 20-30 ventures over the next three years. Outset Ventures welcomed the third startup into its new Launch Lab programme last month; Dennisson Technologies, which has also received investment from the deep tech fund. The company is developing a soft, clothing-like exosuit as a low-cost, lightweight alternative to traditional medical devices used to help people unable to move their limbs without assistance. “We are thrilled at the massive support from Outset Ventures,” says CEO of Dennisson Technologies Anvil Bañez, who founded the wearable technology company last year with the aim of helping people like his father, who suffered from the effects of Polio, walk again. “The funding, Launch Lab programme, and new connections we are […]