Professor Cardwew-Hall. Photo by Stuart Hay.
The Australian National University has officially launched a new multi-million dollar fund to assist innovation, research and knowledge transfer at a ceremony in Canberra. CEO of ANU Connect Ventures, Professor Michael Cardew-Hall, said the $3 million Discovery Translational Fund (DTF) will transform concept into reality and provide a commercialisation path for technology-based concepts. 'The fund aims to translate good ideas, research and discovery into viable investment opportunities,' said the ANU Pro-Vice Chancellor for Innovation and Advancement. ?Funding between $25,000 and $100,000 is available to eligible projects coming out of ACT-based research institutions, start-up companies and entrepreneurs. 'Thanks to this fund, which has been established with assistance from the ACT Government and MTAA Super Fund, these projects will get the kick start they need in moving from the lab to the market place.' In addition to the launch of the DTF, the ceremony also marked the re-launch of the $27 million Seed Fund managed by the ANU-MTAA Super Venture Capital Partnership as well as the opening of the University's new innovation complex at 121 Marcus Clarke Street, Canberra. 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. 'ANU innovation activities use new research and discovery to meet commercial, social and environmental needs in the wider community,' he said.
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