IP Group – executive interview

IP Group CEO Greg Smith discusses the group’s performance and its portfolio over the course of H1, a period in which portfolio valuations remained broadly stable, with most of the company’s 14 fundings struck at flat or higher valuations than previously and a good number now approaching catalysts for delivering value. He explains how the company’s strong financial position, with £250m in gross cash, is a strategic asset at this stage of the cycle and how he expects that cash to be deployed. He also discusses the government’s ambition for the UK to become a science superpower, IP Group’s role within this initiative and what he believes needs to happen to make this vision become a reality. He finishes by discussing the company’s position in AI, which includes companies like Featurespace (scam prevention software), but also those addressing the changing demands on computing driven by the growth of AI. The company is holding a webinar to discuss technology trends in AI on 19 September.

IP Group helps to create, build and support IP-based companies internationally. It focuses on companies that meaningfully contribute to regenerative (renewable), healthier (life sciences) and tech-enriched (deep tech) futures. The group has investment platforms in Australia, New Zealand, the United States, China and the UK.