The collaborative agreement was launched at the UTAS Sandy Bay (Hobart) campus on Tuesday, 8 September 2009 with a networking event for UTAS researchers, representatives from government departments involved with innovation and state development, and members of the Tasmanian business community.
UniQuest Managing Director, David Henderson, said the partnership presents both UQ and UTAS researchers with new opportunities to expand the global reach of their research.
“UniQuest’s commercialisation agreements with other research organisations facilitates greater entrepreneurial activity at all of our partner institutions. As well as taking Australian research-based innovations to the global market, UniQuest stimulates collaborative interactivity with our commercialisation workshops, which are open to researchers from all our partners, and through our internal and industry networks,” Mr Henderson said.
“These are valuable ways of engaging researchers in commercial opportunities and helping them to understand how their intellectual property can be transferred from the bench to the boardroom and out into the community where the research can have great impact.”
In the past six years UniQuest has signed similar agreements with the University of Wollongong, University of Technology Sydney, James Cook University and the Mater Medical Research Institute.
UTAS Vice-Chancellor Professor Daryl Le Grew said the collaboration was a milestone for UTAS research and would expose the untapped potential of research innovation in Tasmania.
“UTAS is a research-driven university producing international-standard research. This partnership heralds a new era in commercialisation to ensure our results can be transferred into the global community,” Prof Le Grew said.
“The UniQuest collaboration is the first of its kind for UTAS and allows us to work together to identify, package and commercialise university technologies and expertise to the community, industry, business and governments.”
UniQuest Managers of Innovation and Commercial Development will be located at the Sandy Bay campus, working with the UTAS Research Office Commercialisation Unit to develop commercial potential for research innovations, organise patent protection and deliver commercialisation results, with the support of UniQuest’s extensive Brisbane-based technical resources.
UniQuest Pty Limited
Established by The University of Queensland in 1984, UniQuest is widely recognised as one of Australia’s largest and most successful university commercialisation groups, benchmarking in the top tier of technology transfer worldwide. From an intellectual property portfolio of 1,500+ patents it has created over 60 companies, and since 2000 UniQuest and its start-ups have raised more than $400 million to take university technologies to market. Annual sales of products using UQ technology and licensed by UniQuest are running at $3 billion. UniQuest now commercialises innovations developed at The University of Queensland and its commercialisation partner institutions: the University of Wollongong, University of Technology Sydney, James Cook University, University of Tasmania, Mater Medical Research Institute, and Queensland Health. UniQuest also provides access to an expansive and exclusive network of independent academics to tailor a consulting or project R&D solution to meet the diverse needs of industry and government, facilitating some 500 consulting, expert opinion, testing, and contract research services each year.
UniQuest is also a leading Australasian provider of international development assistance recognised for excellence in technical leadership, management and research. Working with agencies such as AusAID, NZAID, the Asian Development Bank and the World Bank, UniQuest has developed and implemented more than 400 projects in 46 countries throughout the Pacific, South-East Asia, the Indian sub-continent and Africa.
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