Business Services Industry
University seed funds bear fruit.
Australasian Business Intelligence, September, 2005
Byline: Tim Dodd
Sep 11, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Rapid growth has been the order of the day at Uniseed throughout 2005. The pre-seed venture capital fund began in 2000 as a joint venture between the University of Melbourne and the University of Queensland to develop technology developed at each institution. Uniseed had almost exhausted its $A20 million
start up capital at the beginning of 2005, but a $A15 million investment from Westscheme and a further $A8 million contribution from each institution, and the University of New
South Wales planning to buy in for $A10 million have boosted funds under management to $A60 million....
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