The $106 billion UniSuper fund has made a $75 million investment in Uniseed, Australia’s longest running early-stage commercialisation fund.
The move will give UniSuper exposure to a suite of Uniseed startup ventures, many of which have gone on to successful IPOs and buyouts.
Established in 2020, Uniseed is owned by the University of Melbourne, University of Queensland, University of Sydney, University of New South Wales and the CSIRO.
The group provides seed funding for research and technology developed by the partners, all of which are major research organisations in their own right, creating about half of all patents in Australia.
“UniSuper has always championed Australia’s thinkers, creators and investigators (and) Uniseed is at the forefront of new start-ups and technologies,” says UniSuper’s chief investment officer John Pearce.
“This is an excellent opportunity for UniSuper to actively participate in the development and commercialisation of research and technology that will shape the future. We look forward to seeing this investment blossom and grow over time.”
Uniseed is chaired by David Miles, a former chairman of Innovation Australia, and it counts former South Australian chief scientist Leanna Reid as a director.
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