The Australian National University has launched a new $3 million Discovery Translational Fund (DTF) to assist innovation, research and knowledge transfer.

 

CEO of ANU Connect Ventures, Professor Michael Cardew-Hall, said the fund aims to translate good ideas, research and discovery into viable investment opportunities.

 

Funding of between $25,000 and $100,000 is available to eligible projects coming out of ACT-based research institutions, start-up companies and entrepreneurs. The fund has been established with assistance from the ACT Government and MTAA Super Fund.

 

In addition to the launch of the DTF, the $27 million Seed Fund managed by the ANU-MTAA Super Venture Capital Partnership has been relaunched, and the University’s new innovation complex at 121 Marcus Clarke Street, Canberra has been officially opened.

 

Professor Cardew-Hall said the Seed Fund will be made available to outstanding commercilisation prospects in the ACT while the new complex will be a place for students, academics, business and the community to interact.

 

 “The main purpose of our move to 121 Marcus Clarke Street has been to bring innovation activities together, as well as engage and strengthen existing relationships between ANU and the wider business and public service sector. We now have, under one roof, the capacity to support the commercialisation of breakthrough discovery and new ideas.

 

The ANU innovation complex at 121 Marcus Clarke Street brings together ANU Connect Ventures, ANU Edge and the ANU Office of Commercialisation and will be known as Innovation ANU.

 

More information is at http://innovation.anu.edu.au/