Queensland, Australia - TenasiTech Pty Ltd, a start-up by the University of Queensland's commercialisation company, has gained $530 000 to boost research into nano-technology reinforcement in thermoplastic polyurethanes (TPUs).
Dr Darren Martin and his team developed this breakthrough technology that increases the strength of TPU elastomers whilst maintaining their flexibility. They have identified a number of commercial markets for the rubbery polymer-based materials, including footwear, mining, wire and cable, textiles, pool equipment, sporting, automotive, toughened glass lamination, medical elastomers and biomedical devices.
The investment will fund TenasiTech's development of material samples and supporting comparative performance data to take to the market and secure a commercial partner.
TenasiTech's funding comes from Uniseed Management Pty Ltd, which supports commercialisation of university research through venture capital investment at pre-seed and seed stages. University of Queensland's UniQuest group has successfully fostered links between research, industry, investors and government for nearly 25 years. Uniquest's managing director, David Henderson, said the investments reflected confidence in the outcomes of UQ research and UniQuest's ability to identify technologies which have significant commercial potential and world-wide community benefit.
"Uniseed's investment will now accelerate the development of these companies and enable them to prove up the potential of their technologies," said Henderson, in a news release.
PIC: Darren Martin's innovation developed initially from his golfing passion, with the aim of making golf balls last longer