The CEO of the university spinout fund is leaving at the end of this year.
Peter Devine is leaving Uniseed, an investor in spinouts from Australian universities, at the end of this year after nearly 20 years as CEO.
Devine joined Uniseed in 2003 as an investment director and has headed the venture fund since 2006.
Uniseed invests in spinouts from nine Australian universities and national research lab CSIRO. It has invested in 70 startups and has 26 companies in its portfolio.
The fund has A$96m ($63m) in committed capital. In May it raised A$25m from Unisuper, a pension fund for employees in Australia’s higher education and research sector.
Before joining Uniseed, Devine was a manager of innovation and commercial development at UniQuest, the main commercialisation company of the University of Queensland in Australia. He also spent several years as a commercialisation manager at PanBio, a developer of diagnostic products for infectious diseases.
