Powerhouse Ventures is pitching itself as a turn-around story following a disastrous year.
Chief executive Paul Viney says the Kiwi venture capital firm is tightening up its business model and looking to expand its investments into Australia.
Powerhouse will start putting pressure on its investments to turn exciting intellectual property into products, says Chairman Russell Yardley.
This year, several crises have put pressure on Powerhouse (ASX:PVL) arguably none more so than the $7 million liquidation of key investment turbine maker HydroWorks.
In an interview with Stockhead, Mr Viney and Mr Yardley were careful how they described the collapse.
Mr Viney said this was because a lawsuit could be on its way.
Path to collapse…
Read the full article at: https://stockhead.com.au/tech/ghost-hydroworks-lingers-powerhouse-pitches-new-look/
