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$500k fund raised by millennials for millennial start-ups

By | June 13th, 2017|New Zealand|

A $500,000 investment has been raised by a group of youth to be invested in start-ups founded by those under the age of 30.

First Cut Ventures (FCV), made up of mostly students, has 12 members including four University of Auckland students, a University of Waikato student, three recent graduates working in the venture capital industry […]

University of Queensland and Emory University start-up closes US$16m investment to develop cancer therapies 

By | June 7th, 2017|Australia, Georgia, New Investments/Awards|

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 […]

Australia fund has placed $35 million with IP Group for university innovation

By | May 31st, 2017|Australia|

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 London […]

University Of Sydney startup Abyss raises $1m to take underwater data service global

By | May 11th, 2017|Australia, New Investments/Awards|

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 […]

University of Wollongong launches AU$10m startup seed fund

By | May 9th, 2017|Australia|

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 first- […]

Upside Biotechnologies raises $2.3 m in funding round

By | March 23rd, 2017|New Investments/Awards, New Zealand|

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 its […]

Uniseed’s new $20 million venture fund to double down on good deals | afr.com

By | March 6th, 2017|Australia|

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 million […]

Australian government signs university research and innovation/Tech Transfer agreement with Israel

By | February 27th, 2017|Australia, Israel, State or Government|

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

By | January 31st, 2017|Australia, State or Government|

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 provided […]

Australia CSIRO sees “virtuous cycle” in reinvesting patent monetisation cash directly into commercialisation 

By | December 12th, 2016|Australia|

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 […]