Callaghan taps Michael Murphy for GM role, seeks new incubators
- 28 June, 2019 05:40
Michael Murphy (Callaghan Innovation)
Michael Murphy, a former GM with Hewlett-Packard, Intergen and Datacom, is now joining Callaghan Innovation, also as general manager.
Murphy has been a member, director and chair of the angel network Ice Angels which has invested $58 million into 100 companies, spanning software, mobile, gaming, web, medical devices, biotech and advanced manufacturing.
In recent roles he has set up and run several corporate innovation programs.
Erica Lloyd, Callaghan Innovation’s GM for market and sectors, said having Murphy's experience, energy and input for the next phase of Callaghan's technology incubator program would help ensure businesses and innovators had access to the expertise they need to commercialise their IP and accelerate growth.
Callaghan Innovation has also just launched a tender to find new incubators for its "deep tech" -- which includes biotech and aerospace -- technology incubator program, which has produced 45 new start-ups, attracted more than $50 million in investments and created over 160 new high-value tech jobs since its launch in 2014.
Callaghan Innovation funding will include contributions to operational costs and access to repayable loan funding of up to $750,000 for each venture incubated.
International incubators will be expected to establish a significant presence in New Zealand, including the permanent location of key management and incubation expertise here and possibly by establishing a New Zealand-based subsidiary.
Services for start-ups under the current program, provided by three incubators, will continue as normal.
Murphy said technology-driven business disruption is creating virtually unlimited opportunities to create truly world-class companies that will underpin New Zealand's economic and social development.