Spinouts developing products ranging from troubleshooting for quantum computers to energy efficient wifi devices will be supported by the innovation fund.

Australian government-owned research institute Commonwealth Scientific and Industrial Research Organisation (Csiro) yesterday announced its first four investments through the $150m Innovation Fund.

The fund is managed by Main Sequence Ventures and backs spinouts from Csiro and other state-funded bodies. The four initial portfolio companies include:

  • Q-Ctrl, a quantum computing developer led by Michael Biercuk, professor of quantum physics at University of Sydney. Biercuk is looking to find an effective way of recovering quantum systems once an error has occurred.

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