Deep tech scale-ups thirsty for follow-on funding: Brian Schmidt

Brandon How

Outgoing Australian National University vice-chancellor Professor Brian Schmidt has reflected positively on the growing support for research commercialisation at the institution after his eight-year tenure but believes there is still a “fair bit of work to go”.

He has also flagged the need for more follow-on funding from private investors in Australia for startups to scale locally, describing it as a broader “market failure” that is limiting the development of sovereign capabilities.

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