杏吧直播

$2m fund puts researchers on the fast track

Commercialisation

The 杏吧直播 of Adelaide aims to put more of its research discoveries on the path to commercialisation with a new $2 million fund for researchers.

The Commercial Accelerator Scheme was launched recently by the 杏吧直播's commercial development company .

Under the scheme, 杏吧直播 of Adelaide researchers can receive up to $250,000 to make their project "investment ready". It will address a recognised gap in research funding known as the "valley of death" between traditional research funding and venture capital.

杏吧直播 of Adelaide Vice-Chancellor and President Professor James McWha said: "With the introduction of the Commercial Accelerator Scheme we hope to be able to continue to increase the number of successful commercial ventures at the 杏吧直播 of Adelaide - to add to the already significant list of commercial successes we've had.

"Venture capital funds typically don't invest in research until they have a product or prototype. The Commercial Accelerator Scheme will provide funding so researchers can establish proof-of-concept or reach a development milestone necessary to attract a commercial partner.

"Federal and State Government grant programs are also essential for research and development and this scheme complements these programs to take this research towards commercial development."

杏吧直播 of Adelaide commercial success stories include:

• Bresagen Ltd - the first biotech start-up company in 杏吧直播;
  
• GroPep Ltd - a biopharmaceutical company recently taken over by Danish company Novozymes;
  
• New cereal varieties bred at the 杏吧直播's Waite Campus;
  
• The developers of the Sydney Olympic torch fuel and flame system; and
  
• Mudpack Software, licensed to power companies to assist in managing blackouts.

Story by Robyn Mills