KWM acts in CSIRO accelerator spin-out, first financing

CSIRO, a longstanding client of the firm, is commercialising its first invention to be financially backed by Australian universities

KWM acts in CSIRO accelerator spin-out, first financing
King & Wood Mallesons (KWM) has acted in the spin-out of Cardihab from The Commonwealth Scientific and Industrial Research Organisation (CSIRO) and its Series A financing.

Cardihab, which is part of CSIRO’s new “ON” start-up accelerator, is the first CSIRO invention to be backed by Australian universities. Uniseed – a fund backed by the University of Queensland, the University of Sydney, the University of Melbourne, and the University of New South Wales – contributed $500,000 of the $1.35m seed funding.

The deal continues KWM’s work for CSIRO, which is a longstanding client.

“KWM has a longstanding relationship with CSIRO, and we are delighted to have advised Cardihab on this significant transaction which supports CSIRO’s vision of commercialising scientific technologies that create tangible and high-impact solutions in the health sector,” KWM partner Scott Bouvier said. “Cardihab is expected to deliver strong economic benefits, which will be reinvested into new science to support the innovation cycle.”

Bouvier led the KWM team. He was supported by senior associate Anthony Boogert.


Related stories:
Top firm helps make pioneering debt-market deal a success
Government names senior executive as pay equity ambassador

Recent articles & video

UK family lawyers launch mental health resource for divorce clients

Bankruptcy attorney Jamie Sprayregen departs Kirkland & Ellis for Hilco Global

DLA Piper bolsters US-Africa practice with Kalidou Gadio as new co-chair

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Most Read Articles

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations

G+T puts teams on M&A deals

Three additions enhance G+T's partnership