CSIRO announces successful ON Accelerate teams
Australia’s new cohort of deep-tech founders Australia’s national science agency, CSIRO, has announced the 10 deep-tech game changers from Australia’s universities and research community selected to develop their high-potential innovative ventures through the ON Accelerate program. CSIRO Chief Executive Larry Marshall said the ON program has been part of transforming Australian innovation since 2015. “As the national science agency, CSIRO solves Australia’s greatest challenges with science, and there is no greater challenge than our innovation dilemma – solve that and we can solve anything. CSIRO’s ON Program has become a world-leading innovation catalyst because it inspires Australia’s scientists to turn their science into real world solutions for our greatest challenges,” Dr Marshall said. “ON recognises that innovation thrives on diversity and doing things differently. When you redefine old school paradigms of leadership, you can drive financial performance and reinvent industries. “Since the ON Program began in 2015, 66 new companies have been formed, raising more than $110m in investment capital and creating more than 500 jobs. I’m excited about the potential for this cohort to continue to create the new industries Australia needs to thrive in our innovative future,” he said. The 10 teams moving to the next stage of ON Accelerate are: DHI, connected to Monash University, is harnessing AI to improve regulation technology to better detect and report discrepancies of listed companies’ disclosures.Green Shield, also from Monash University, offers a class of materials that provide unique solutions for object camouflage, including radio frequency shielding.Originating out of the University of Technology Sydney, the v2Algae team is creating a new biotechnology specialty ingredient manufacturing segment for Australia. This team is partnering with another great company, one born out of CSIRO technology, v2food.Rainstick is a northern Queensland startup combining indigenous knowledge systems and modern electrokinetics to encourage fungi and plants’ natural […]