Dr Peter Devine has been appointed as the new Chief Executive Officer of Uniseed Management Pty Ltd (Uniseed).
Uniseed’s Chairman, Mr David Miles, welcomed Peter to the new role and thanked the outgoing CEO, Mr Gareth Dando, for his outstanding contribution to the organisation over the past five years.
Dr Devine joined Uniseed in 2003 and transitions from his role as Uniseed’s Investment Director to CEO. He has been responsible for Uniseed`s investment activities, and has played a pivotal role in the sourcing, selection and management of investments.
He has extensive experience at board and executive management levels in the commercialisation of early stage technologies, having held senior R&D, business development and commercialisation positions in a number of Australian companies and Australian universities.
Before joining Uniseed, Dr Devine was Vice President of Business Development at Progen Industries Ltd. He was Research, Development and Commercialisation Manager at Brisbane-based PanBio Pty Ltd from 1996 to 2000 and also worked in business development at UniQuest Pty Ltd, the commercialisation arm of University of Queensland.
Dr Devine holds a PhD from The University of Queensland and received the Dean`s Prize for his MBA Studies at the Australian Graduate School of Management. He received a Centenary Medal in 2003 for outstanding contribution to the business of biotechnology. He is a Graduate and Fellow of the Australian Institute of Company Directors.
CONTACT :
Peter Devine
Chief Executive Officer
Uniseed Management Pty Ltd
Tel: 07-3365-3754
Mobile: 0409-631-581
E: p.devine@uniseed.com
David Miles
Chairman
Uniseed Management Pty Ltd
Tel 03 9672 3312
About Uniseed:
Uniseed is the largest, most established pre-seed fund in Australia, with $61 million in committed capital. Shareholders include three of Australia’s leading universities (Universities of Queensland, NSW and Melbourne), plus a major superannuation fund (Westscheme).
The fund has been highly successful, with 25 investments to date, including co-investment or follow-on investment with 11 local and 6 US venture capital funds, plus 2 local high net worth groups. Over $100 million in follow-on investment, co-investment and grant funding has been secured throughout this time. The fund had its first exit last year (Wedgetail), and was awarded the “Best Early Stage Deal of 2005” by the Australian Venture Capital Association (AVCAL).
