Uniseed is a venture fund operating at the Universities of Melbourne, Queensland and New South Wales, with investment capital provided by the three universities and AustralianSuper – a leading industry superannuation fund. Uniseed’s mandate is to facilitate the commercialisation of university-generated intellectual property by targeted investment in highly promising technologies.
Uniseed’s investments cover a range of technology sectors. To date, the fund has exited six investments with four of these through trade sales; a neuropathic pain drug (Spinifex), a drug in development to treat fibrosis (Fibrotech), an IT security technology (Vintela) and a semi-conductor technology (Fultec) as well as one asset sale; a human headlice treatment (Hatchtech) and an IPO; a pain therapy (QRx Pharma). Its biotechnology portfolio is maturing, with a number of companies in clinical trials. Other companies have products on the market (Hydrexia, Progel, BT Imaging, Smart Sparrow) or are collaborating with leading global companies in the respective field.