When the chemistry is right:

Boron Molecular and CSIRO taking Australian technology to the world

9 March 2016

Minister for Industry, Innovation and Science, the Hon Christopher Pyne MP, today visited Melbourne-based specialist chemical manufacturer Boron Molecular, to look at a range of technologies stemming from Australian research that are set to be rapidly commercialised. 

Minister Pyne, who was joined by local candidate Helen Kroger, congratulated CSIRO and Boron Molecular on their successful partnership which began when Boron Molecular was spun out from CSIRO in 2001.

“This is a great example of Australian researchers collaborating with industry to commercialise a product – a type of partnership we’d like to see more of, and that the Government’s National Innovation and Science Agenda is encouraging,” Minister Pyne said.

“By supporting commercialisation processes, our home-grown products can make their way more rapidly to market both in Australia and internationally."

The CSIRO spin-out recently signed a technology transfer agreement allowing them to commercialise CSIRO technologies, while drawing on the science agency’s research and development expertise.

“These innovative technologies have the potential to revitalise Australia’s chemical manufacturing industry,” said Minister Pyne.

“By focusing on producing specialised chemicals used in the manufacture of pharmaceuticals and hi-end electronics, Boron Molecular’s partnership with CSIRO means that they can service a niche market with a ‘low volume, high value’ strategy.”

Director of Boron Molecular, Mr Zoran Manev, said the link with CSIRO researchers had been invaluable, with the two organisations bringing complementary skills and capabilities to the relationship.

“It’s links like this, between industry and cutting edge research, that have allowed Boron Molecular to broaden the scope of our business and upscale our innovative products to compete in the global marketplace,” Mr Manev said.

http://www.minister.industry.gov.au/ministers/pyne/media-releases/when-chemistry-right-boron-molecular-and-csiro-taking-australian

Mr Pyne’s media: 02 6277 7070 pynemedia@industry.gov.au
Department media:media@industry.gov.au