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 »
Why is there such a yawning gap between research success and commercial outcomes in Australia?
Grant programs are typically looking to back long term sustainable businesses, and Accelerating Commercialisation is also about building the innovation ecosystem in Australia.
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.
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.
The NSW Government has announced $25 million in funding for the establishment of a Sydney School of Entrepreneurship, a joint venture between NSW universities and TAFE NSW.
The University of Melbourne and Monash University have entered into a collaboration to launch M2 Venture Catalyst, an $80 million project that will look to commercialise the universities’ biomedical research through the provision of the necessary skills and funding.
Cricketer Steve Smith has turned a $100,000 startup investment into $12 million 
WeWork reveals an astonishing $2.4 billion annual loss as it pushes to an IPO 
Antler Australia just put $1.2 million into 12 startups in its first Sydney accelerator 
Atlassian became a A$50 billion company last week, just as the tech giant revealed bigger operating losses 
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