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Booster Innovation Fund

Helping Kiwis to invest in exciting innovation and tech developments happening right here in Aotearoa.

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$1,000

Min investment

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Investing in New Zealand's innovative future

Booster Innovation Fund (BIF) invests in early stage innovation and tech start ups originated, or being developed, right here in New Zealand.

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Invest in cutting edge research and tech development from NZ universities and the private sector

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Get on board with early-stage tech and innovation start-ups with a minimum investment of $1,000

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Access a portfolio of science and technology companies seeking to commercialise their product.

Invest in early-stage innovation and tech start-ups with global potential

Booster Innovation Fund (BIF) provides investment funding to take early-stage companies to the next stage of development or commercialisation. Our investment at this early stage means the innovations and intellectual property can stay here in New Zealand for longer – so we all benefit.

Many of these innovations will have a positive effect for New Zealand – and globally – with current research leading to medical breakthroughs, new technologies and environmental benefits.

BIF’s initial portfolio of investments includes businesses founded on biotechnology, chemistry, physics, or materials science discoveries, and data analytics. The diversification of investments ensures risk is reduced.

You can invest in the Booster Innovation Fund from just $1,000.

BIF invests in early-stage companies, typically with a science or technology focus. Each business has an interesting product offer, a trusted management team in place and a clear plan to take their product to market.

Investing at this early stage helps to transform their discoveries into products or services that have a real benefit to society. Most start-ups end up looking for overseas investment to help expand their business into new markets.

We want to see these companies realise their growth potential in international markets and enhance their performance by providing them much needed investment capital – allowing these start-ups to stay Kiwi-owned for longer and keeping jobs and intellectual property here.

BIF holds a number of investments directly and through an investment partnership, NZ Innovation Booster (NZIB) – a partnership between Booster, Wellington UniVentures, and Otago Innovation, that directly invests in science and innovation coming out of Victoria University of Wellington and University of Otago.

BIF will continue to build the portfolio by investing in more companies to generate long term returns for investors in our fund.

Some of our KiwiSaver scheme funds also invest a small portion into BIF – so as a Booster KiwiSaver Scheme member, you could be investing in exciting young start-ups just by saving for your retirement!

You can also invest directly into BIF. You only need $1,000 to get started.

This fund invests in early-stage businesses. Potential returns are difficult to predict and likely to cover a wide range.

Booster Innovation Fund aims to deliver a significant total rate of return (net of fees but before tax) that outperforms the NZX 50 Index over rolling 15-year periods.

Factors that may impact the fund's performance include:

  • how successful our investments are in turning their ideas into commercialised products
  • accessing diverse investment opportunities (making sure we don't have all our eggs in the same basket)
  • low fixed costs and expenses of the fund
  • how much of the fund's capital is invested vs cash on hand.

Early-stage company investing requires patience. You may lose some or all of the money you invest, so you should invest only a small portion of your overall investment portfolio in this fund. And, due to the restricted nature of the ability to sell your units, you should only invest money that you do not need access to for a number of years.

Early-stage company investing is generally considered the riskiest type of equity investing because many more early-stage companies fail than mature companies. It can take many years before a company becomes successful, and most externally funded companies have years of unprofitable activity before they reach the point of making money.

However, those companies that do succeed tend to greatly reward their investors through high returns.

Early-stage company investing is generally considered the riskiest type of equity investing because many more early-stage companies fail than mature companies. You may lose some or all of the money you invest.

You should consider whether the degree of uncertainty about the fund’s future performance and returns is suitable for you.

The most significant risk factors that could affect the value of the fund are:

  • houw successful our investments are in turning their ideas into commercialised products
  • Investment returns can fluctuate up and down more than traditional investments
  • It can be harder for investors to withdraw or sell their investment easily
  • If the fund invests heavily in a particular sector that suffers a downturn, it could generate negative effects for the fund
  • The value of a start-up business is uncertain and prone to rapid change - both up and down
  • If the fund doesn't attract enough investors, there may not be enough capital available to invest in other businesses to add diversification to the portfolio.

You can invest directly with Booster, or through your financial adviser.  The minimum investment amount is $1,000.

If you choose to invest directly with Booster, you’ll get access to mybooster so you can manage your investment yourself. You’ll also receive communications about your investment directly from Booster.

We intend to list Booster Innovation Fund on the NZX in 2022. When the fund is listed on the NZX, you will have the option of buying or selling units via NZX. This will be managed on your behalf by your broker.

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The BIF story

Kiwi innovators and researchers are seeking to solve global problems and build great businesses with the potential to positively impact the world we live in.

How do I get in and out of BIF?

You can invest in BIF directly through Booster. You can invest in the fund at any time, but the ability to withdraw your investment from the fund will be limited.

We intend to list this fund on the NZX in 2022. Listing on the NZX will give you more options about how you buy and sell units in the fund.

Invest directly with Booster

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We accept new investments into BIF from the start of each month. You can apply directly online or through your financial adviser. We'll process your investment on the first business day of the next month.

The minimum investment amount is $1,000.

WITHDRAW Line
The minimum withdrawal request is $500. Any withdrawals from the fund will incur a withdrawal fee of 10% of the amount withdrawn.

The fund will aim to make a limited amount of cash available for withdrawals on a quarterly basis, and will be subject to scaling where required.

Note: You should not regard this investment as being redeemable on demand.

The Booster Innovation Fund team

BIF is managed by a professional and highly experienced team, working alongside partners that have expertise in developing and commercialising intellectual property.

BIF return and fees 

Booster Innovation Fund aims to deliver a significant total rate of return (net of fees but before tax) that outperforms the NZX 50 Index over rolling 15-year periods.

We don’t charge an annual management fee, and there's no contribution fees.

BIF Annual return  Average target return rate (after all fees but before tax) Outperform NZX 50 Index over rolling 15-year periods
Management & admin charges Annual management fee  0%
Other fund admin expenses  0.55%*
Withdrawal fee  10% of the amount withdrawn
Performance-based fee  1.0-2.0%*
Capital raising fees  See PDS for info

*Indicative only. The performance-based fee applies when the fund's net return is greater than 10%. A fee of 1-2% would apply where the investment return is 15-20% in a year.

See the Booster Innovation Fund PDS for more details.

Booster Innovation Fund FAQs

You can invest directly with Booster, or through your financial adviser. The minimum investment amount is $1,000.

If you choose to invest directly with Booster, you’ll get access to mybooster, so you can manage your investment yourself. You’ll also receive communication about your investment directly from Booster.

We intend to list Booster Innovation Fund (BIF) on the NZX in 2022. When the fund is listed on the NZX, you will have the option of buying units via NZX. This will be managed on your behalf by your broker.

BIF is a portfolio investment entity (PIE).

Tax is payable at your prescribed investor rate (PIR) on the fund’s taxable income. The fund’s taxable income includes interest, dividends, and deemed dividends for foreign investments, but excludes capital gains it makes on the sale of its share interests.

Any withdrawals from the fund will incur a withdrawal fee of 10% of the amount withdrawn and will be subject to scaling if withdrawal requests exceed the cash available for withdrawals.

The fund will aim to make a limited amount of cash available for direct withdrawals on a quarterly basis.

Note: An investment in this fund should not be considered as redeemable on demand.  

Early-stage company investing is generally considered the riskiest type of equity investing because many more early-stage companies fail than mature companies. You may lose some or all of the money you invest.

You should consider whether the degree of uncertainty about the fund’s future performance and returns is suitable for you.

The most significant risk factors that could affect the value of the fund are:

  • A business fails to successfully commercialise its intellectual property
  • Investment returns can fluctuate up and down more than traditional investments
  • It can be harder for investors to withdraw or sell their investments easily
  • If the fund invests heavily in a particular sector that suffers a downturn, it could generate negative effects for the fund
  • The value of a start up business is uncertain and prone to rapid change - both up and down
  • If the fund doesn't attract enough investors, there may not be enough capital available to invest in other businesses to add diversification to the portfolio.

Grow your financial resilience with a financial adviser

Not quite sure where to begin with investing? Prefer to speak to someone first?

Don't worry. We've got you covered. We can put you in touch with a local financial adviser to give you the right advice for your investment journey.

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