FX forecasts get an edge

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					Conference highlights developments in Tech Transfer                                                                                                                                                                                                                        08
The increasing diversity within the             in commercialisation strategies adopted         Ready program in the 2008 Budget,
Australian technology transfer industry         by different players” reported Charlie          which has left the early-stage sector with
was on show in late May at the                  Day, General Manager of Melbourne               a very large gap to fill. “It’s clear that this
inaugural Tech Transfer Investing and IP        Ventures. “In the past people tended            decision will, at least in the short term,
Spinouts conference organised by Key            to describe themselves as ‘start-up             discourage investment in the sector, and
Media. Bringing together leading figures        focused’ or ‘license focused’ without           make it harder to get existing companies
from the research, investment, and              much explanation as to why, whereas             through their earliest stages to become

                                                                                                                                                                                                  FX forecasts get an edge
technology transfer communities, this           now you hear people articulating much           self-sustaining” explained Charlie Day.
two day conference covered a range              more clearly their objectives in technology     “Whilst the Government’s current
of topics from how early-stage deals            transfer – and then letting the objectives      Innovation Review is expected to make
should be structured to what makes the          drive the model. It’s a good sign that the      recommendations in this area, the abrupt
sector attractive to large investors such       sector is maturing.”                            nature of the decision has left the sector                                                        Neural network technology developed
as superannuation funds.                                                                        with a difficult operating environment in                                                         collaboratively between CAPIX Pty Ltd
                                                One of the major themes of discussion
                                                                                                the near to medium term.”                                                                         and 4th year Software Engineering
“One of the most notable features of            was the Federal Government’s recent
                                                                                                                                                                                                  students at the University of Melbourne
the conference was the evident diversity        decision to cancel the Commercial                                                                                                                 will be developed into a commercial service
                                                                                                                                                                                                  providing Foreign Exchange (FX) forecasts.
                                                                                                                                                                                                  A new company – CFaR Pty Ltd – is
                                                                                                                                                                                                  being established to capitalise on early
Melbourne University                                                                            Key Contacts                                                                                      market interest.

Entrepreneurs Challenge 2008                                                                    For specialist advice on technology
                                                                                                commercialisation contact one of the
                                                                                                                                                                                                  CAPIX is an Australian based software
                                                                                                                                                                                                  company that specialises in Capital
                                                                                                                                                                                                  Markets technology focused on the
The Winner of the MUEC 2008 First Prize         supplying simple health related education       following Melbourne Ventures staff:                                                               banking, broking and treasury sectors.
was Zudio Music-BandManager.                    to people during and after their hospital       For Life Science & Biomedical technologies:                                                       In 2007, CAPIX participated in a program
                                                stay.                                                                                                                                             that brings together final year Computer        The CFaR Team
MUEC has again shown that Victoria
                                                For more information contact - Matt             Dr. Christophe Demaison                                                                           Science and Software Engineering
‘has got talent’. In this year’s business
                                                Hopkinson - matt@infomedica.com.au
                                                                                                T: +61 3 8344 3086                                                                                students at the University with industry
plan competition MUEC entrants were                                                             E: c.demaison@unimelb.edu.au                                                                      “clients”. The program aims to equip            Provider) model whereby forecasts are
able to show that they were ready to take       The Intellectual Property Prize was                                                                                                               students with experience in a complex,          delivered to clients from a central service.
on the commercial world and discovered          awarded to Cinergix, a web-based                For Materials Sciences and Bio-engineering:
                                                                                                                                                                                                  market-driven software engineering              Mr. Cooney worked with Mr. Ivan Mellado
that it’s not just about creating a plan,       software program which provides visual                                                                                                            problem, and the dynamics of working            at Melbourne Ventures to develop a
                                                                                                Dr. Sean Lumb
the challenge is testing the business           modelling software that helps designs           T: +61 3 8344 3199                                                                                with a client. Industry participants benefit    commercialisation strategy and detailed
plan in the real world and convincing           which range from business workflows to          E: sean.lumb@unimelb.edu.au                                                                       from supporting the students’ development       Business Plan. A decision was quickly
the expert panel of judges that there           electronic circuits to architectural plans to                                                                                                     and harnessing the skills and project focus     reached to establish a jointly-owned
is a profitable future.                         computer networks. For more information         or
                                                                                                                                                                                                  of a team of between 12-15 graduating           company to further develop the Intellectual
Zudio Music impressed the judges                contact - Chandika Jayasundara -                Dr. Paul Perry                                                                                    software engineers.                             Property and operate the business.
with their plan for BandManager, the            Chandika@cinergix.com                           T: +61 3 8344 3191                                                                                Mr. Peter Cooney, CAPIX’s Managing              Mr. Mellado observes that “The ASP
largest and fastest growing online              The winner of the Undergraduate Prize           E: paul.perry@unimelb.edu.au
                                                                                                                                                                                                  Director, invited a new team in 2007 to         business model will significantly reduce effort,
band management tool in Australia.              was Nudge - a reminder service for              For Physical and Information Sciences:                                                            explore neural network technology for           time and support required by clients in using
BandManager’s vision is to become an            patients taking prescription medication.                                                                                                          improving FX forecasting. CAPIX’s own           the neural network technology. It offers the
indispensable resource for artists and          Ordered and paid for through their              Ivan Mellado                                                                                      technologies are Microsoft orientated and       prospect of accelerated sales growth and
music organisations. The software aims          pharmacy, the patient or their carer            Tel: +61 3 8344 3192                                                                              a key requirement for the project was that      scaling, and facilitates early overseas sales.”
to help bands get their act together,           receives an SMS or automated                    Email: ivan.mellado@unimelb.edu.au                                                                the artificial intelligence techniques be       He also commented on CAPIX: “Working
offering subscribers a number of features       phone call when it is time to take their        For Intellectual Property Matters:                                                                developed and deployed within a                 with Peter has been a tremendous learning
including scheduling, updating websites,        medication. For more information contact                                                                                                          Microsoft environment.                          exercise - he is an impressive entrepreneur,
messaging, shared address books, and            - Mark Parncutt - mark@parncutt.com.au          Dr. Jason Coonan, IP Portfolio Manager            A simple and free email based networking                                                        deeply experienced and outcomes focussed.
                                                                                                Tel: +61 3 8344 3151                              tool to help anyone in the technology           Summarising his experience, Mr. Cooney
bulk SMS. In short, BandManager can             Runner up for the Undergraduate Prize                                                                                                             said “The team produced an excellent            The student team were very fortunate to have
sustain significant increases in positive                                                       Email: jason.coonan@unimelb.edu.au                transfer sector                                                                                 him involved in their project.”
                                                was Moving Media who provides a                                                                                                                   integrated package using a leading open
cash flows with minimal expense growth.         revolutionary new medium for advertisers        For specialist advice on consultancies and        The Knowledge Vine is a novel networking        source neural network library, leveraged        Mr Cooney is excited by the business
Contact: Richard Hack                           to communicate with commuters on                customized education programs contact:            system for technology companies,                with a proprietary implementation scheme        opportunity: “CAPIX is finalising the software
richard@thetaboogroup.com.au                    Melbourne’s public transport system.                                                              university technology transfer professionals,   and econometric inputs based on CAPIX’s         development and undertaking extensive
www.bandmanager.com.au                                                                          Ms Mariann Fee                                    consultants, investors and SME
                                                For more information contact George             Executive Dean
                                                                                                                                                                                                  experience. The team was a natural at           testing. We anticipate that the CFaR platform
                                                Nedovic - gnedovic@hotmail.com                                                                    support professionals connected with            servicing the ‘client’ and the quality of the   will deliver a forecast accuracy of around
As well as the announcing the winner                                                            Melbourne Consulting and Custom Programs
                                                                                                                                                  commercialising intellectual property. It is    software engineering was outstanding.           60%, offering a clear competitive advantage.
Zudio Music – BandManager, other Prizes         Thank you to our sponsors KPMG, Davis           Tel: +61 3 9810 3254
                                                                                                                                                  simple, very powerful, informal and free.
were awarded in specific categories:                                                            Email: m.fee@mccp.unimelb.edu.au                                                                  The team delivered a platform that              In an extremely efficient, ‘zero-sum game’
                                                Collison Cave, Department of Innovation,
                                                                                                www.mccp.unimelb.edu.au                           Melbourne Ventures has partnered with           could genuinely deliver advantages over         market such as FX, even a 1 percentage
The Knowledge Transfer Prize was                Industry and Regional Development ,
                                                                                                                                                  UMIP (the University of Manchester              competing forecasting methodologies.”           point advantage can translate to very
awarded to Info Medica - a multi-media          Komodo and NICTA Melbourne Business             For specialist advice on the licensing of
                                                                                                                                                  Intellectual Property Ltd) and Iceberg          Through the project, Mr. Cooney                 significant gains in profitability.”
healthcare company. Info Medica utilizes        School, Melbourne Ventures Pty Ltd, the         educational courseware and software
                                                                                                                                                  Transactions to launch the Australasian         approached potential users of the               Establishment of the new business is at the
hospital television sets and the Internet to    University of Melbourne and NICTA.              technologies contact:
                                                                                                                                                  Technology Transfer group, for anyone           forecasting platform and identified strong      final documentation stage and CFaR expects
deliver patient and consumer information,       www.muec.mbs.edu                                Julie Rodman                                      connected with the commercialisation            preliminary interest. Further discussions       to sign its first clients within 6 months from
                                                                                                General Manager                                   of IP based technology in Australia or          and evaluation of the market opportunity        amongst a range of fund managers, hedge
                                                                                                Curriculum Licensing Services                     New Zealand.
If you would like to             Tuesday August 19th        Speaker - Dr Charlie Day,           Innovation and Development
                                                                                                                                                                                                  led to a conclusion that the best pathway       funds and banks interested in the commercial
know more about                  1pm - 2pm                  Managing Director,                  The University of Melbourne                       To register, or to find out more, visit the     for commercialising the technology would        offering. Seed funding has been provided by
Commercialisation, join          Theatre 1 (Level 0)        Melbourne Ventures                  Telephone: +61 3 8344 2081                        website at www.theknowledgevine.net.            be to use an ASP (Application Service           CAPIX and Melbourne Ventures.
us at our next seminar:          Alan Gilbert Building      www.melbourneventures.com           Email: jrodman@unimelb.edu.au
                                                                                                                                               In this issue we highlight three of Melbourne Ventures’ Associates, who bring
International sales for diode laser controller                                                                                                 a broad range of skills to the task of commercialising University research.
Melbourne Ventures is both excited               Sales orders have been taken from              had increased exposure my attitude
and proud to have facilitated a license          Australia, the USA, Asia and Europe.           changed.” Associate Professor Scholten
transaction that embodies and is an              MOG Laboratories is also developing            also commented on Knowledge Transfer
excellent example of the Knowledge
Transfer strand of The University’s
                                                 and selling other highly specialised
                                                 scientific equipment to Universities and
                                                                                                relating to students. “It has been very
                                                                                                rewarding for me to be able to involve a
                                                                                                                                               Paul Perry Business Development Manager
Growing Esteem strategy.                         research laboratories, and has product         former Ph.D. student in the development        Paul Perry has joined us as            on projects that ranged from              a postdoctoral fellowship in
Associate Professor Robert Scholten              development plans and expansion plans.         of the IP and now in MOG Laboratories,         Business Development Manager           researching opportunities in the          chemistry at the University of
from the School of Physics, along with a         MOG Laboratories has plans to license          and also to talk to my current students        while Elisabeth Ma is on maternity     biotechnology sector for a global         Sydney and a role developing novel
former Ph.D. student of his and a former         further IP to assist its growth, and hopes     about commercialisation and the                leave. Paul brings extensive           chemical company, to technology           food products in New Zealand.
employee of the University, (Lincoln Turner      to engage in Linkage & Research Projects       possibilities that stem from a Physics         experience in academic, consulting     due diligence on a start-up
                                                 with the University.                           degree.”                                                                                                                        Paul joins us from Plantic
and Alex Slavec respectively) have formed                                                                                                      and industrial environments. He will   company developing nanoparticle
                                                                                                                                                                                                                                Technologies, a publicly-listed
a company called MOG Laboratories to             Associate Professor Scholten’s                 Melbourne Ventures’ Richard Day,               be working closely with Sean Lumb      technology for sunscreens,
                                                                                                                                                                                                                                Melbourne-based developer and
commercialise IP that they developed at          perspective on commercialisation has           who is passionate about the long-term          and Sabina Zahirovic in the area of    automotive catalysts and biological
                                                                                                                                                                                                                                manufacturer of starch-based
the University.                                  been transformed by this activity. “I am       sustainability of technology-based             materials science.                     assays.
                                                                                                                                                                                                                                biodegradable materials. Paul was
                                                 excited by the prospect of complementing       Australian businesses, commented that
The IP being exclusively licensed is for the                                                                                                   Paul and Elisabeth Ma worked           Paul has a Ph.D. in Physics from          responsible for managing research
                                                 my research interests with this commercial     “I feel privileged to have worked closely
MOGlabs diode laser controller product,                                                                                                        together at the technology             the University of Cambridge,              collaborations with multinational
                                                 experience. The process of working             with an Australian company that is owned
which offers price and performance                                                                                                             consultancy firm now known as          which followed an undergraduate           raw material producers as well as
                                                 with Melbourne Ventures has opened             and run by the inventors of a world class
advantages over competing products.                                                                                                            Sagentia, in the UK. Paul worked       degree in Chemistry. Paul’s               in-house R&D of next generation
                                                 my eyes to the world of technology             technology & product, a company has
                                                                                                                                               with materials-based industries        research experience also includes         products.                            Paul Perry
                                                 commercialisation and running a business.      already made significant progress on the
                                                 I initially sought to have an external         path towards sustainable success.”

                                                                                                                                               Sabina Zahirovic Business Development Associate
                                                 party commercialise the laser controller,      Melbourne Ventures wishes MOG
                                                 but as I became more involved and              Laboratories every success.

                                                                                                                                               Sabina joins the Business              Sabina focuses on assessing and           Sabina’s PhD, an ARC-Linkage
                                                                                                                                               Development Team at Melbourne          commercialising technologies              project with Orica focusing
Austhink Software is buzzing with the release of bCisive™                                                                                      Ventures from Plantic Technologies
                                                                                                                                               Limited, where she spent three
                                                                                                                                                                                      arising from research in chemistry,
                                                                                                                                                                                      materials and life sciences at The
                                                                                                                                                                                                                                investigating the interfacial
                                                                                                                                                                                                                                tension and rheology of highly
2008 has been full of action for Austhink        mapping and visual thinking methodology        Founded in 2004 by Dr Tim van Gelder of        years working in research and          University of Melbourne.                  concentrated water-in-oil emulsion
Software, with an office move to                 behind Rationale™, the company’s               the University of Melbourne’s Philosophy       development with supporting roles                                                explosives, was conducted in
accommodate a fast-growing team, the             first offering, bCisive™ is designed to        Department, Austhink Software secured          in marketing, manufacturing and        Following a Bachelor of Science           the School of Chemistry and
establishment of a US office in California’s     support and bring structure to the kind        second-round funding of AU$4.1m in late        production. Her work included          in Chemistry and a Postgraduate           Department Chemical and Bio-
Bay Area, and the March release of its           of informal decision-making common             2007. The release of bCisive is an important   collaborating with various industry    Diploma in Science from the               molecular Engineering at the
new decision mapping software for the            in every business. With drag-and-drop          step in its mission to create the world’s      partners, DuPont, Amcor and            University of Melbourne, she              University of Melbourne.
business market. Based on the argument           construction, automatic layout and             leading software for critical thinking and     Bemis in addition to working with      concurrently conducted her PhD
                                                 presentation capabilities, bCisive allows      decision making, in both education and         the CRC for Polymers.                  whilst fulfilling her roles at Plantic.                                        Sabina Zahirovic
                                                 decision makers to clarify their thinking,     business. Looking ahead, the company
                                                 collaborate more effectively                   is well on the way towards a web-based
                                                 and reach decisions more confidently.
                                                 bCisive is also excellent for rapidly and
                                                                                                version of bCisive, and is cementing
                                                                                                relationships with distributors in countries
                                                                                                as diverse as Japan and the Netherlands.
                                                                                                                                               Simone Quin Equity Portfolio Manager
                                                 easily constructing general hierarchical                                                      Simone Quin is the Equity              She has worked in a policy role           companies as well as corporates
                                                 or pyramid-type diagrams, from                 A free trial of bCisive can be downloaded      Portfolio Manager at Melbourne         with the Victorian Government             with R&D divisions.
                                                 organization charts to logic trees.            at bcisive.austhink.com.                       Ventures and is responsible            to assist early stage technology
                                                                                                                                                                                                                                Simone has a Bachelor of
                                                                                                                                               for overseeing the start up            growth companies. Simone has
                                                                                                                                                                                                                                Commerce degree from
                                                                                                                                               investments of the University.         also worked with Victoria University
                                                                                                                                                                                                                                the University of Melbourne
Monitoring Division, Inc. secures $3.85 Million in Series A Funding                                                                            Simone previously worked as the
                                                                                                                                               Commercial Manager with the
                                                                                                                                                                                      to assist staff and students to
                                                                                                                                                                                      establish linkages with industry
                                                                                                                                                                                                                                and a Graduate Certificate
                                                                                                                                                                                                                                in Science and Technology
                                                                                                                                               CRC for Innovative Dairy Products      and to facilitate licensing and other
Monitoring Division, Inc., a revolutionary       customers better distinguish and rapidly       A recent spin-off of NICTA, Monitoring                                                                                          Commercialisation from Adelaide
                                                                                                                                               and prior to that she worked           commercialisation arrangements.
network performance monitoring company           measure the impairments caused by              Division, Inc. was founded as an                                                                                                University and is a Chartered
                                                                                                                                               with PricewaterhouseCoopers            Prior to this she was a Manager
launched in February of this year, raised        optical amplifier noise, improving the         independent company to commercialize                                                                                            Accountant.
                                                                                                                                               as a Senior Manager in providing       in the corporate tax group at
$3.85 million in its initial round of funding,   ability to manage next generation optical      the measurement technology following
                                                                                                                                               commercialisation services to          PricewaterhouseCoopers dealing
led by Starfish Ventures and National ICT        networks cost-effectively.                     three years of development and lab
                                                                                                                                               entrepreneurial businesses.            with high technology and research                                              Simone Quin
Australia (NICTA). The company is using          “The introduction of this new tool to          trials in state of the art facilities. As it
the funds to further establish and prove its     analyze the performance of high-speed          establishes a corporate presence with
network performance intelligence technology.     optical networks will significantly reduce     offices in Sunnyvale, California, and
The new company’s first product is a             the costs telecommunications carriers          Melbourne, Australia, the company will
ground breaking Optical Signal-to-Noise
Ratio (OSNR) monitor that will help
                                                 currently face in identifying, locating and
                                                 measuring core network problems,” said
                                                                                                continue to have access to NICTA’s
                                                                                                Terabit Research Laboratory and                Svanova license renewed
telecommunications OEMs and carrier              Starfish Ventures investment principal         resources in the state of Victoria,            In the early 1990’s results of         Svanova, a Swedish veterinary             in horses. Continuing a long
                                                 Michael Panaccio. “The rapidly growing         Australia.                                     research into equine herpesvirus       biotechnology company. Svanova            partnership between the
                                                 and intense worldwide interest in Monitoring   Monitoring Division’s founding team is         conducted in the Faculty of            successfully commercialised               University and Svanova, this
                                                 Division’s technology performance is           made up of CEO David Wright, CTO               Veterinary Science’s Centre for        this IP as a diagnostic kit for           license was recently renewed
                                                 testimony to the impressive results being      Trevor Anderson, COO Sarah Dods,               Equine Virology was licensed to        the identification of herpesvirus         until 2016.
                                                 driven by the founding team’s high level of    Optical Engineering Manager Ken Clarke,
                                                 expertise and accomplishments.”                and Chief Scientist Adam Kowalczyk.