UniQuest Pty Limited

From crop to company – a plant innovation success story.

 

Challenge

UQ researchers developed a novel platform technology developed that could confer virus resistance to economically important crops, based on preliminary proof of concept data.

The technology had the potential to dramatically change the way that viruses are managed in a cropping environment, but not if it remained an interesting lab experiment.

With a patent was in place and 12 months out from national phase, a commercialisation plan was needed to attract investors and develop the technology further.

Solution

 

  • IIG was engaged to prepare the business plan including strategy, interim R&D activity, industry engagement, IP management and company establishment components.
  • After developing the pitch documentation, IIG helped the lead researcher pitch the technology to Australian and international investors.
  • IIG negotiated the investment deal.
Outcomes

 

  • A start-up company (Nexgen) was formed to carry out the ongoing proof of concept program and provide a management framework.
  • IIG’s Brian Ruddle was invited to become the interim CEO.
  • A seed investment of $2M was secured from two venture capital firms.
  • The start-up negotiated an R&D agreement and associated licence for 2 crops with Syngenta, the world’s second-largest plant biotech company.

Research centres we have worked with:

The Impact Innovation Group provides the corporate rigour that many of our early stage ventures require. They provide the timely, on-demand inputs that assist us to achieve our capital raising and licensing objectives.

Dr Dean Moss CEO
UniQuest Pty Limited
The Targeted Innovation Management System delivered outstanding innovations that have been simple to implement, while enhancing our bottom-line.

Ryan Clerihew NuChem Pty Ltd
The ongoing support of the Impact Innovation Group in engaging with industry across a range of robotic, motion sensor and nano technologies has greatly enhanced our commercialisation efforts.

Gary Heyden Former Director of Deakin Research Commercial
The Impact Innovation Group’s structured approach to innovation greatly assisted our grant application with Commercialisation Australia as well as the ongoing implementation of our business strategy.

Clint Ramsay Director of NeoRehab Pty Ltd
As an investor, your approach to identifying ideas to ‘bypass bottlenecks’ is a refreshing change.

Peter Riikonen Director of BioHerbicides Australia Pty Ltd
Brian was a guest speaker at one of our client events. His presentation resonated with our audience and attracted a very high satisfaction rating when we polled guests afterwards, especially for his delivery style and solid grounding in the topic of maximising the return on innovation investment.

Ross Patane Managing Partner, Crowe Horwath Australia

Email enquiry
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Melbourne + 61 (0)3 8618 6998
Adelaide + 61 (0)8 8180 0610
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