A national biotech incubator is being set up in an Australia first following a $40 million grant from the federal government’s Medical Research Future Fund (MRFF) The incubator will be run by the Brandon Capital-managed Medical Research Commercialisation Fund (MRCF), which received the grant as part of $79 million in MRFF commercialisation grants to four… Read more »
A battery materials company promising to improve the capacity of existing lithium-ion batteries by up to 100% has raised $3.7 million in a pre-Series A. The round was led by local VC Artesian and US-based Riverstone Ventures, with New York’s Chaos Ventures, Singapore’s SDGx and Sydney VC Bandera Capital also chipping in alongside several prominent Australian… Read more »
The NSW government’s health department has turned once again to deep tech incubator Cicada Innovations to deliver a free training program to help aspiring biotech and medtech entrepreneurs and academics commercialise their ideas. The NSW Health Commercialisation Training Program aims to fast-track innovative ideas that will revolutionise the healthcare sector, improve patient outcomes, and provide… Read more »
It took a chance meeting between Cameron van den Dungen, founder of a start-up mattress company, and Madhu Bhaskaran, an engineering professor at RMIT University, to see an opportunity to collaborate and commercialise research. Van den Dungen had a dream of creating a bed for use in aged care to monitor sleep quality and comfort.… Read more »
ESN Cleer CEO Leopoldt de Bruin and Professor Sharath Sriram. A Melbourne startup has developed a life-saving hand-held device to predict heart failure based on saliva that could be available to the public within two years The device uses nano-sensors on a diagnostic stick to measure heart disease biomarkers from saliva to accurately predict… Read more »
A new biotech funding program for startups working on new therapies, technologies and medical devices is offering up to $1 million in matching grants to help companies develop their ideas through to the proof of concept stage. The Biomedical Translation Bridge program is an initiative of the Medical Research Future Fund. It’s run by MTPConnect –… Read more »
Australian VC firm, Brandon Capital Partners, has just raised another $210 million to invest in commercialising medical research, and is already on the hunt for another $250 million as it edges towards $1 billion in science investments. The 5th Medical Research Commercialisation Fund, MRCF5, raised AU$210 million from existing investors, taking the total in the… Read more »
Dedicated to identifying the most promising research from universities across New Zealand and Australia, forming a company around it, investing in it, and commercialising it is Powerhouse Ventures.
Bionic Vision Technologies a company working to create a ‘bionic eye’, has raised $23.5 million China Huarong International Holdings and State Path Capital.
The government has launched the Biomedical Translation Fund, a $500 million fund that will help commercialise biomedical discoveries.
The government has launched the CSIRO Innovation Fund, a $200 million fund that will look to commercialise research generated at the organisation and other publicly-funded bodies.
The Civil Aviation Safety Authority (CASA) has finally made changes to Australian commercial drone laws and as of tomorrow people will be able to fly drones in commercial situations without a license. The relaxing of these regulations coincides with Sydney drone startup Propeller Aero raising US$3.1 million to become one of the first startups to take advantage of these new laws.
Minister for Innovation Greg Hunt discusses creation of federal fund to spur innovation in larger businesses
Just a few days after Australia fell two places down the Global Innovation Index to 19th, new Minister for Innovation Greg Hunt has discussed the creation of a new federal fund to help spur innovation in businesses worth between $20 million and $200 million.