UniSuper, the $106 billion fund now open to all Australians, has today announced it has secured an investment relationship with Australia’s longest-established early-stage commercialisation fund manager – Uniseed
24 March 2022 – Uniseed, like UniSuper, focuses on investing in innovative programs that will change the world for the better. Established in 2000 and now owned by the Universities of Melbourne, Queensland, Sydney, New South Wales and the CSIRO, Uniseed provides seed funding for early-stage research and technology developed by its five partners. These innovative organisations provide around half of all patents created by research organisations in Australia.
UniSuper’s Chief Investment Officer John Pearce says that Uniseed was a natural fit and logical choice for the fund. “UniSuper has always championed Australia’s thinkers, creators and investigators. Uniseed is at the forefront of new start-ups and technologies,” Mr Pearce said. “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”.
Under the agreement UniSuper has committed $75 million into Uniseed which will cover existing projects as well as exciting new developments across industries of the future, such as biotechnology, pharmaceuticals, quantum computing and green energy.
Uniseed’s Chief Executive Officer Peter Devine said that UniSuper’s investment will unlock more engagement with Australia’s growing innovation and start-up sector. “UniSuper is one of Australia’s largest and most respected and innovative super funds, and the capital at its disposal will go a long way to ensuring we can seize opportunities presented by the brilliant minds at Australia’s top research organisations,” Dr Devine said.
“This is a further step Uniseed is taking to facilitate commercialisation of Australian research. Today’s emergent start-ups are tomorrow’s tech and health giants, and with funding from UniSuper we are able to get in at the very early stages of these journeys.”
The investments will feed into UniSuper’s sustainable investment options
Consultant, Porter Novelli
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Manager, Brand, Media & Social, UniSuper
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Managing Director, IR Department
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Note to editor
UniSuper is one of Australia’s largest superannuation funds and is run solely for the benefit of its members. For forty years, UniSuper has been managing super for people employed in the higher education and research sector. UniSuper currently invests around $1060 billion on behalf of over 500,000 members.
Uniseed is Australia’s longest running early-stage commercialisation fund that makes investments in research emanating from five of Australia’s leading research organisations – The University of Queensland, The University of Sydney, The University of New South Wales, The University of Melbourne and the CSIRO. The fund facilitates the commercialisation of its research partners’ most promising intellectual property and secures targeted investment in resulting products and technologies. Several of Uniseed’s investee companies have gone on to become successful and profitable commercial enterprises. For more information, visit www.uniseed.com