University of Queensland celebrates 100th startup business from research
UniQuest, the commercialisation company of the University of Queensland, has recently celebrated the creation of their 100th startup.
More than 100 companies have been created based on intellectual property from UQ research since 1988, with probiotic drink startup Perkii the 100th to be formed.
UQ Vice-Chancellor and President Professor Peter Høj said “The creation of more than 100 startup companies is an impressive milestone on a global scale and one that is unsurpassed by any other Australian university. Our startups have gone on to raise more than AU$625 million to commercialise world-leading UQ research and products stemming from our technologies have amassed sales in excess of US$16 billion.”
Perkii uses technology that was developed from the research of Professor Bhesh Bhandari (Faculty of Science) to deliver beneficial bacteria, such as probiotics, safely to the gut. Perkii CEO Matthew Kowal said the drink was made in Queensland with the help of the Food Innovation Centre and is now available in more than 2000 stores across Australia and New Zealand.
UniQuest CEO Dr Dean Moss said: “In addition to creating startups, UniQuest has been successful in licensing intellectual property to national and international companies with the infrastructure and resources to ensure that the intellectual property reaches the market. Examples include licensing the technology that led to the life-saving Gardasil cervical cancer vaccine; the magnetic resonance imaging technology to Siemens and GE Healthcare; the world-renowned Triple P parenting programme; and commercialisation agreements with international biotech companies including Merck and Zealand Pharma A/S.”
If you are interested in researching or studying at the University of Queensland, Study Options offer a free advice and application service, contact us now for more information.