University of Queensland and Emory University start-up closes US$16m investment to develop cancer therapies
A clinical-stage biotechnology company established by The University of Queensland and Emory University (Atlanta, USA) to develop novel cancer supportive care and anticancer therapies has raised US$16 million in series A investment. The investment from the Brandon Capital-managed Medical Research Commercialisation Fund (MRCF) and Uniseed will enable the company, called QUE Oncology Inc. (QUE) to […]
Australia fund has placed $35 million with IP Group for university innovation
Australia’s largest corporate superannuation fund has placed $35 million with IP Group as part of a $200 million capital raise that will invest in spin-out companies based on the intellectual property developed by academics at a variety of universities. The investment has been made through TelstraSuper’s Private Equity Market Portfolio by purchasing a stake in […]
University Of Sydney startup Abyss raises $1m to take underwater data service global
A provider of underwater robotics out of University of Sydney, which claims it could have prevented California’s recent Oroville dam crisis, has raised $1 million for global expansion. Abyss Solutions, whose 18-member team comes mostly from Sydney Uni’s Australian Centre for Field Robotics, claims to have built high-resolution sensors paired with fault detection algorithms that, when attached to aquatic drones, […]
University of Wollongong launches AU$10m startup seed fund
The University of Wollongong (UOW) has launched an AU$10 million seed fund aimed at providing a pipeline of early stage business development for young tech startups, in order to attract outside investment. The initiative is part of the university’s iAccelerate initiative, a co-working space and program that was launched in 2012 to provide support for […]
Upside Biotechnologies raises $2.3 m in funding round
Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round. The Auckland-based company is developing an advanced, world-class skin replacement treatment for patients suffering major burns. The capital raised will be used to complete development of the product, demonstrate proof of concept, ready the product for […]
Uniseed’s new $20 million venture fund to double down on good deals | afr.com
The Uniseed venture fund is shifting focus towards more later stage, less risky investments and will raise another $20 million from its university partners for follow-on capital for companies that do well after their first round of investment The University of Melbourne, the University of Sydney, UNSW and the University of Queensland will each commit $5 […]
Australian government signs university research and innovation/Tech Transfer agreement with Israel
The Australian and Israeli governments have signed an agreement on bilateral cooperation in technological innovation, research, and development that will allow Australian companies to take advantage of opportunities in Israel’s biotechnology, IT, and R&D sectors. In a statement, recently appointed Minister for Industry, Innovation and Science Arthur Sinodinos said the agreement is “great news” as […]
Australian Victorian Government’s LaunchVic $60m Innovation Fund unveils $5m in new grants
The Victorian Government has contributed a further $4.9 million in funding to seven local projects aimed at growing the startup and innovation sectors as part of the second round of LaunchVic grants. LaunchVic, was created by the state government as an independent agency to oversee the allocation of its $60 million innovation fund. It has […]
Australia CSIRO sees “virtuous cycle” in reinvesting patent monetisation cash directly into commercialisation
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) – Australia’s national R&D agency – announced this week the creation of a new technology commercialisation fund that will be capitalised using patent assertion and licensing revenues. According to a press release, the CSIRO Innovation Fund will “support co-investment in new spin-out and start-up companies, and SMEs […]
Australian Government-backed $20 million venture capital fund launched to back clean energy startups
A new $20 million venture capital fund has launched with the backing of the federal government to support and encourage startups focusing on clean energy technology. Artesian Venture Partners will be running the fund, and the government’s $1 billion Clean Energy Innovation Fund will be providing a cornerstone investment of $10 million. The Clean Energy Seed Fund […]