Australia’s “first university-specific large scale venture capital fund” has reached its $100m target

Tin Alley Ventures,  a JV between University of Melbourne and Tanarra Capital “will invest in and support the rapid development of new startups and ventures affiliated with UoM.”

VC Duncan Maskell says it will create “significant entrepreneurial opportunities” for the university’s researchers, students and alumni” and MRIs and hospitals affiliated with the university. The fund will provide support from seed stage through to initial public offering.

The fund will raise more money from mid-year.

The Medical Research Future Fund announces $700m over ten years to “pursue big ideas”

The Frontier Health and Medical Research initiative will, “create opportunities to explore bold and innovative ideas, make discoveries of great potential, and to support the translation and commercialisation of these discoveries.”

The target is for, “novel and meaningful solutions to intractable health issues.”