none

INNOVATION FUND TO KICK START COMMERCIAL USES FOR PUBLIC-SECTOR RESEARCH

05-12-2016
by 
in 
Bill Bartee heads up the CSIRO Innovation Fund

The CSIRO has launched its Innovation Fund, described by Chief Executive Dr Larry Marshall as the “final piece in the puzzle” towards the organisation’s Strategy 2020.

The fund has been established as part of the Australian Government’s National Innovation and Science Agenda to help startups and SMEs in the commercialisation of public sector research.

The Innovation Fund is aiming to attract $100 million of private sector investment to match its initial $70 million of government funding and $30 million from the CSIRO WLAN programme.

Heading up the CSIRO Innovation Fund is experienced venture capitalist Bill Bartee, who has an impressive track record helping disruptive, innovative companies grow.

He says: “To ensure the best ideas have the greatest impact, we will back the most ambitious entrepreneurs who want to build important, enduring companies. The Innovation Fund provides a fantastic opportunity to help ideas coming from accelerators and elsewhere realise their potential in the commercial market.”

Related news & editorials

  1. 26.10.2021
    26.10.2021
    by      In
    Work, health and safety are fundamental to our lives and are, more than ever, a central focus for organisations.
    The Hunter region in NSW is well-known for leading the way in industry, this in turn has led to the region becoming champions of WHS.
    The Hunter Safety Award were born out of desire to... Read More
  2. 19.10.2021
    19.10.2021
    by      In
    There is no doubt that the recent AUKUS agreement between Australia, USA and the UK was a surprise to just about everyone on the planet!
    Taking a closer look into the government’s decision to commit to the AUKUS alliance, much of what has been reported by mainstream media has been inaccurate or... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  4. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
Products
Suppliers