Veteran venture fund Uniseed has raised another $25 million from its exclusive institutional investment partner UniSuper to try and draw more startups from Aussie universities.
Uniseed has been around 2000 and provides seed funding for early-stage research and technology startups to help commercialise technologies developed in Australia’s world-class research institutions.
“We’re proud to have UniSuper’s continued support as we work to turn world-leading Australian research into real-world impact,” said Uniseed CEO Dr Peter Devine.
“This additional funding strengthens our ability to back visionary inventors at the earliest stages, supporting promising companies through the seed stages of their development.
“Together with our research partners, we’re committed to delivering long-term value for the research innovation ecosystem and our investors.
The latest $25 million takes UniSuper’s total contribution to $100 million after the super fund added its first $75 million investment in early 2022.
UniSuper’s Chief Investment Officer John Pearce – no, not the Purple Wiggle – said he was “delighted” to tip another $25 million into the Uniseed bucket.
“Uniseed is a natural fit for UniSuper given our heritage, and an excellent opportunity for our members to participate in the commercialisation of world leading research and technology coming out of Australian universities and research institutions,” Pearce said.
Full story: Uniseed adds another $25m from UniSuper to commercialise academic research – Startup Daily
