From left to right: Associate Christoph Arns, Mark Knackstedt, Dr Victor Pantano, Val Pinczewski, Tim Senden and Dr Adrian Sheppard
Researchers from The Australian National University have won the 2012 Rio Tinto Prize for Commercialisation of Innovation, at the prestigious Eureka Awards. Professor Tim Senden and Adrian Sheppard from the Research School of Physics and Engineering in the ANU College of Physical and Mathematical Sciences are part of the winning team Digitalcore, which was formed in 2009 off the back of a decade of research at ANU and the University of New South Wales (UNSW). Victor Pantano and Professor Mark Knackstedt from Digitalcore and Associate Professor Christoph Arns and Professor Val Pinczewski from the School of Petroleum Engineering at UNSW make up the rest of the winning team. Digitalcore CEO Pantano said the award was important because it recognised the effort involved in commercialising university research via a spin-off company. "Getting commercialisation out of university research isn't easy, but without the support of ANU, we wouldn't be where we are today," he said. The Canberra-based company uses supercomputing technology combined with high-resolution 3D scanning of oil-bearing rocks to enable more effective extraction of hydrocarbons such as oil and natural gas. The $10,000 Rio Tinto Eureka Prize for Commercialisation of Innovation is given to an individual, group or organisation for commercialisation of an innovation within the past 10 years that can be shown to have created significant value within Australia during that time.
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