BIF – Partnership Announcement for Booster Innovation Fund

NZX Announcement: Booster Innovation Fund – Partnership Expansion with Leading New Zealand Universities Booster Innovation Fund (BIF) is pleased to provide an update on the continued growth of its strategic partnerships with New Zealand’s leading universities, further strengthening the Fund’s position as a key early stage venture investor in local science and innovation. Since 2018, BIF has partnered with Wellington UniVentures Ltd, the technology transfer office of Victoria University of Wellington, providing BIF with the opportunity to invest into university spin-out businesses at the earliest stages of their commercial journey. In 2021, this partnership expanded to include Otago Innovation Ltd, the technology transfer office of University of Otago, and, more recently, Booster is delighted that the partnership has expanded to include Auckland UniServices Ltd, representing University of Auckland, who also joined as a Limited Partner with NZ Innovation Booster, our dedicated university partnership fund. These important partnerships strengthen BIF’s access to high-potential technology and science ventures emerging from New Zealand’s university sector, as the three university partners represent approximately 60% of the total research spending by New Zealand universities. Through these partnerships, BIF continues to demonstrate how a combination of deep investment experience, sector knowledge, and strong co-investor relationships can accelerate the success of innovative businesses in New Zealand. BIF remains committed to fostering the next generation of scientific and technological enterprises and looks forward to sharing further portfolio progress in due course. Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of the process described in the fund’s Product Disclosure Statement (PDS) that is available at www.booster.co.nz For more information, please contact: Gary Scott Company Secretary Booster Investment Management Limited 04 8944300 About Booster Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $7 billion on behalf of more than 200,000 New Zealanders. BIF is a managed investment fund that invests in early-stage companies founded on intellectual property originated or developed in New Zealand. For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz