The commercialisation arm of Victoria University of Wellington has secured $6.6m for its spinouts under an initiative funded by local financial services firm Booster.
Queensland crop breeding spinout Nexgen Plants has been backed by multi-university venture fund Uniseed, Business Development Fund and Yuuwa Capital.
Uniseed and MRCF have become founding investors in University of Melbourne's precision medicine spinout Certa Therapeutics.
James Cook University has formed its first spinout, Paragen Bio, which will commercialise autoimmune disease therapies derived from a blood-sucking tropical parasite.
Colin McLeod will be executive director of the Melbourne Entrepreneurial Centre, which will be based at the Innovation Precinct when it opens in 2020.