Massey Ventures wins Best Licensing Deal at the KCA Australasian Research Commercialisation Awards
02 September 2022
Massey Ventures are incredibly proud to be awarded "Best Licensing Deal" at the 2022 KCA Australasian Research Commercialisation Awards in Melbourne.
Above: The Massey Ventures team accepting the Best Licensing Deal award at the 2022 KCA Australasian Research Commercialisation Awards. (L-R Dan Carlisle, Mark Cleaver, Rick Gain, Dr Sean Mackay, Ella Moffat) Credit: Pat Brunet / Event Photos Australia
The award recognises the sale of the FERRI-PRO technology to global food giant Nestlé. The patented technology targeting iron deficiency was developed by Massey University researchers at the Riddet Institute. Massey Ventures was also a finalist in the Best New Invention category for the patented Metal Organic Framework for Gas Adsorption. The technology aims to revolutionise the carbon-capture industry and support global decarbonisation efforts in the fight against climate change.
"It's wonderful to see New Zealand-based commercialisation offices, like Massey Ventures, being recognised for the hard work and value they create" says Massey Ventures CEO, Mark Cleaver. "It’s a credit to not only the Massey Ventures team, but also the researchers and technologies behind these deals who make these outcomes possible. It shows that commercialisation can be done in New Zealand with great success, so hopefully it inspires others to pursue commercialisation."
Find out more about the finalists here.
Above: The winners at the 2022 KCA Australasian Research Commercialisation Awards. Credit: Pat Brunet / Event Photos Australia
About the deal
In Pakistan, where one in two children are iron deficient, global food giant Nestlé announced the launch of BUNYAD IRON+, an affordable dairy-based drink fortified with a new source of iron in 2022. The unique iron source has three times greater absorption than alternative sources. The FERRI-PRO technology, originally developed by the Riddet Institute at Massey University, was acquired by Nestlé in December 2018. The deal represents the single biggest commercial deal to emerge from the University, both in terms of commercial impact and societal benefits.
Above: Trophies at the 2022 KCA Australasian Research Commercialisation Awards. Credit: Pat Brunet / Event Photos Australia
Original article published 02/09/2022, edited 21/09/2022 to include event photos.