Feeds

Aussie nano tech project gets AU$15m in global VC funding

Needle-free drug patches set to go commercial

  • alert
  • submit to reddit

Intelligent flash storage arrays

A Queensland-based nanotech start-up has secured AU$15m in funding from a group of international biotechnology investors.

Venture capital firm One Venture is backing the creation of start-up vehicle Vaxxas, which will allow the University of Queensland’s Australian Institute for Bioengineering and Nanotechnology (AIBN) Professor Mark Kendall to work towards commercialising his patented Nanopatch technology,

The technology delivers vaccines to immune cells in the skin, instead of using a syringe method, which injects into the muscle. The Nanopatch, which is smaller than the size of a postage stamp and has the potential to be self-applied, was first conceived in 2003.

Co-investors in the new vehicle include US-based HealthCare Ventures, Brandon Capital, and the Medial Research Commercialisation Fund.

The University of Queensland’s main commercialisation company, UniQuest, has led the commercialisation of the Nanopatch technology to date, and will hand over the responsibility to Vaxxas following this investment.

Brandon Capital Partners Managing Director Dr Stephen Thompson says launching Vaxxas as a company is a critical next step for the Nanopatch technology.

“In Australia, we invest heavily in our excellent research and development capability but have a relatively poor record of taking those technologies to world markets,” he said.

In addition to improving the efficiency of delivery, the Nanopatch does not require refrigeration, making transport much cheaper and easier, particularly to developing nations around the world. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
SECRET U.S. 'SPACE WARPLANE' set to return from SPY MISSION
Robot minishuttle X-37B returns after almost 2 years in orbit
LOHAN crash lands on CNN
Overflies Die Welt en route to lively US news vid
No sail: NASA spikes Sunjammer
'Solar sail' demonstrator project binned
Experts brand LOHAN's squeaky-clean box
Phytosanitary treatment renders Vulture 2 crate fit for export
You can crunch it all you like, but the answer is NOT always in the data
Hear that, 'data journalists'? Our analytics prof holds forth
Carry On Cosmonaut: Willful Child is a poor taste Star Trek parody
Cringeworthy, crude and crass jokes abound in Steven Erikson’s sci-fi debut
Origins of SEXUAL INTERCOURSE fished out of SCOTTISH LAKE
Fossil find proves it first happened 385 million years ago
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.