Queensland, Australia
January 19, 2004
Brilliant green turf all-year round, needing less maintenance
and mowing, could soon be available through technology developed
at The University of Queensland
(UQ).
UQ Associate Professor Jimmy Botella hopes to develop the new
turf varieties based on his discovery of a common plant gene
which can be "switched-on" to make a plant greener as well as
produce more flowers.
This technology and two others discovered by Associate Professor
Botella and his UQ team have been patented and packaged into a
deal valued at $3.26 million, by
UniQuest Pty Ltd, UQ's
main technology commercialisation company.
UniQuest has licensed the technology to Origo Bio Biotech, which
in turn has contracted Associate Professor Botella to develop
new plant cultivars, including turf, with unique growth habits.
Origo Biotech, backed by Origo Investments Pty Ltd, is an
Australian company majority owned by Spanish investors
UniQuest Innovation and Commercial Development manager Andrew
Cecil said the new turf cultivar would be ideal for golf
courses.
"We intend for this new grass to be lush, slow-growing and
require less frequent mowing and fertilising than existing
cultivars," Mr Cecil said.
"Other new products will include unique varieties of flowering
plants for potted colour and a cultivar of papaya that is slow
to ripen. Also, the technologies could be applied to
substantially increase the production of important crops like
rice."
UniQuest Managing Director, David Henderson, said he was
delighted that Origo had recognised the potential of the
technologies developed at UQ.
"Professor Botella is renowned as an expert in his field.
OrigoÍs investment provides a great opportunity to realise a
commercial return from these promising technologies," Mr
Henderson said.
Origo Biotech will begin the research and development program
early this year.
Origo Biotech, backed by Origo Investments Pty
Ltd, is an Australian company majority owned by Spanish
investors. Senor Jose Maria Castillejo, a major shareholder in
Origo Investments, is Chairman of Origo Biotech. He chairs an
important financial group in Spain with companies in the
entertainment, trade and financial services sectors.
Celebrating its 20th anniversary in
2004, UniQuest Pty Ltd is the main technology transfer company
of the University of Queensland. Its charter is to take
university expertise and technologies to the market and to the
community at large for the benefit of the University, its
stakeholders and Australia. UniQuest identifies, develops,
packages and transfers university expertise and technologies to
businesses, government and the community via licences, start-up
companies, research projects, international aid projects and
consulting. The company also works closely with the University
to foster a culture of research excellence, intellectual
property creation and where appropriate, commercial engagement. |