Our portfolio is strategically small to ensure we can play an active role in the companies we invest in. We work closely with founders to provide the hands-on guidance required to transform early-stage innovation into long-term value.
ScopeIR technology combines state-of-the-art machine learning innovation in infrared (IR) spectral data analysis with an extensive, commercially non-replicable, proprietary mineral and geochemical database acquired over decades by the University of Tasmania’s Center of Ore Deposit and Erath Sciences (CODES). Its suite of products includes: (1) a short-wavelength infrared (SWIR) hand-held tool for in-field use delivering real-time quantitative results that provide a step change in exploring for new ore bodies compared to conventional products available on the market, and (2) Mid- and Long-Wavelength Infrared (MWIR+LWIR) lab-based machine providing accurate prediction of mineralogy and mineral chemistry to identify and locate mineral resources. The technology enables next-generation cost-effective critical mining driven by efficient decision-making across the full mining life cycle and value chain.
The Bardar Nightlife App is a Sydney-based platform designed to enhance your night out by providing real-time information on over 350 bars, pubs, and clubs. It offers a live map to identify venues with the best atmosphere, forecasts for upcoming events, and the ability to save favorite spots for quick access. Created by two university friends seeking to optimise their own nightlife experiences, Bardar aims to help users make the most of every evening.
A decision-support software for individuals, businesses and policymakers which integrates diverse perspectives into coherent insights, enabling users to understand and solve multifaceted problems. Its artificial intelligence (AI) tools integrate proven structured analytical frameworks to enable decision-makers to navigate complex challenges and act with greater strategic foresight and clarity. Target verticals include government, big corporates, consulting, and financial services.
The Healthy Grain commercialises patented non-GMO barley variety developed by CSIRO and characterised by substantial health benefits. Its BARLEYmax™ whole grain is one of the new generation nutritionally improved supergrains rich in four prebiotic fibres and clinically proven to enhance gut health. Its nutritional benefits target major health issues in developed countries, including cardiovascular disease, colorectal cancer, diabetes, obesity, and osteoporosis, along with other wellness advantages. BARLEYmax™ serves as a premium ingredient across eight categories, including cereals and baked goods, available in markets such as Australia, Europe, Japan, and North America.
SIMmersion specialised in 3D virtual environment products and services within the visualisation and simulation (VizSim) industry focusing on urban planning with city municipalities and property developers as key customers. Its patented Mycosm technology aimed to deliver advanced 3D solutions at an affordable cost, leveraging the capabilities of high-end video game engines. The Mycosm product suite enabled developers and users to create, share, and monetise rich 3D content across various sectors, including engineering, education, and entertainment.
Earthodic is a cleantech materials startup who has developed a bio-based coating solution, Biobarc™, which provides key barrier properties for paper packaging while retaining its ability to be recycled and repulped. The technology enables global industry to replace plastic packaging with a sustainable alternative without compromising on the performance characteristics and supports packaging companies – and their customers – to accelerate the adoption of circular economy production.
Visionary Mashines is the developer and manufacturer of high-fidelity vision sensing technology, that simplifies and empowers machine and robotic autonomy, surveillance, inspection, and maintenance. Its core sensing technology, Pandion™, is revolutionising the sector creating superior 3D imagery in real time using simple 2D camera arrays. Its product suite includes passive counter drone and robotic autonomous system detection, real-time actionable spatial inspection toolkit, and high-fidelity 3D representation of surrounding environment for autonomous robotics and vehicles with the applications across defence and public safety, mining, agriculture, and transportation.
Vantari delivers cutting-edge VR medical training solutions for critical care and cardiology. Designed for device companies, hospitals, and universities, its high-fidelity software simulates surgical environments, enabling hands-on learning with integrated tools like X-ray and ultrasound for an immersive, practice-driven experience.
Seeing Machines commercialised computer vision technology to develop advanced engineering hardware solution and accurate human eye-tracking. Currently, the company applies the world’s most advanced computer vision algorithms to Advanced Driver Assistance Systems (ADAS), including focus monitoring for autonomous vehicles. The company offers solutions for the Automotive, Commercial Fleet, Off-road, and Aviation sectors with sales across North America, Europe, Australia, Asia-Pacific, and other regions. Seeing Machines completed its IPO on the London Stock Exchange in 2010.
Partington crafts high-performance, lightweight carbon fiber bicycle wheels for luxury and professional cycling markets. It is based at and manufactures its product at Deakin University’s Geelong campus. Partington combines cutting-edge innovation and engineering to deliver world-class cycling products to a global audience.
Mastt is a SaaS platform transforming construction project management by replacing spreadsheets with real-time transparency and analytics. Designed for project owners, Mastt streamlines complex portfolios, enabling instant decisions to prevent cost and time overruns, revolutionising efficiency in the construction industry.
Digitalcore commercialised an emerging 3D digital rock scanning technology which predicted petrophysical properties, yielding results comparable to traditional large core analysis, but at a significantly lower cost and in a fraction of the time. Targeting major global players in the oil and gas industries, Digitalcore merged with Norwegian company Numerical Rocks in 2013. This merger combined over two decades of research, resulting in a robust technology package that offered comprehensive solutions from imaging to complex Special Core Analysis (SCAL) properties. The combined entity, Lithicon, was subsequently acquired by US imaging and analysis systems company Thermo Fisher Scientific.
Liquid Instruments is digitising the world’s leading scientific and industrial labs with its software-defined lab-in-a-box platform. Its Moku suite of products is revolutionising test and measurement instrumentation market replacing traditional testing equipment(s) with a single, easy-to-use Field-programmable gate array (FPGA)-based device and tablet interface, enhanced by advanced software. LI’s platform is emerging as a critical enabling technology across the key sectors, including Aerospace & Defence, Automotive, Connectivity, and Semiconductors, positioning it as a vital player in the future of advanced measurement solutions.
ITL delivers innovative, reliable products advancing safety and effectiveness across diverse markets. Performing in millions of procedures annually, ITL designs solutions with simplicity and precision, continuously refining them to meet the evolving demands of users and industry standards.
The Institute of Technology Australia was a tertiary education institution offering Australian undergraduate and graduate degrees, primarily targeting developing countries. The institution had secured official accreditation in Queensland, recognised by the International Network of Accrediting Agencies, and collaborated with local education partners to deliver standardised Australian degrees, ensuring the integrity of course delivery and assessment, which was managed from Australia.
Instaclustr empowers companies of all sizes to scale applications development using its big-data database infrastructure management platform. Offering curated, scalable technologies like cloud-based databases, Instuclustr provides seamless, self-service access in minutes, enabling clients to focus on innovation while ensuring reliable performance and support. The company was sold to US data infrastructure company Netapp in 2022.
Helfie revolutionises healthcare with AI-powered tools for quick, affordable, and reliable diagnosis. Starting with skin cancer detection, its app analyses photos against a vast image database to provide risk profiles and connect users to certified doctors, putting advanced medical insights in everyone’s hands.
H3D enterprise customers produce custom-fit medical, industrial and consumer devices (hearing and dental products) using a digital workflow consisting of 3D scanning, Computer-Aided Design (CAD) software and 3D printing. H3D's technology offers a unique high volume artificial intelligence (AI) platform to remove the complex CAD software step, enabling their customers to overcome labour shortages and scale up without compromising the quality and timing. H3D launched its Audio product in 2020 (including automating designs for custom hearing aids, hearing protection plugs, and in-ear monitors) and has successfully leveraged its first-mover advantage to capture the market share. As of now, the company has a well-established customer network across Australia, Europe, and North America. In 2024, H3D launched its Dental product (including automating designs for for occlusal splints and dental models) entering the larger global dental market offering a significant growth potential.
FLAIM delivers immersive training solutions for emergency services, combining VR, haptics, and fire behavior expertise. With over a decade of R&D, FLAIM provides safer, realistic training to prepare frontline personnel for hazardous situations.
Fifth Domain revolutionises cyber skills training with an AI-powered platform offering scalable, advanced cyber ranges, labs, and skills assessments. Trusted by corporations, government, and defence, it enables teams to train against global cybersecurity standards within their own domains.
ELEMENTICE™ empowers businesses with customisable, automated photography workflows, including real-time image delivery, branding, watermarks, e-commerce, and cloud integration. Streamline operations and elevate your offerings with efficient, scalable solutions designed to work your way – anywhere in the world.
Cyban revolutionises ICU care with a non-invasive sensor platform for real-time brain oxygen monitoring, offering a safer, accurate alternative to invasive, costly, or unreliable methods like brain scans, eye dilation, or drilling.
Biotron pioneered a novel class of small molecule therapeutics aimed at viral-encoded viroporin proteins. These compounds are designed to inhibit the release of viruses from infected macrophage reservoirs. Biotron’s lead antiviral agent, BIT225, shows promise as a versatile platform drug for treating various viral infections, including HIV-1, hepatitis C (HCV), dengue fever, and SARS-CoV-2 (the virus responsible for COVID-19). In 2001, Biotron has completed IPO on ASX. The company is now advancing its product development, with HIV and HCV applications currently in Phase 2 clinical trials.
Additive Assurance delivers cutting-edge quality assurance for additive manufacturing, specialising in metal powder bed fusion techniques. Its patented in-situ analysis rapidly detects faults and process variations, empowering users to optimise and control their AM builds with precision.