Featured image above: Top 25 winners accepting their awards with Refraction Media‘s CEO, Karen Taylor. Left to right: executives from iCetana, Refraction Media, Vaxxas, Fibrotech Therapeutics and SmartCap Technologies. Credit: Dave Dwyer Video Production and Photography

The Cooperative Research Centres Association (CRCA) presented the Top 25 R&D Spin-off Awards last week at their annual conference, The Business of Innovation. The awards honoured the Top 25 Science Meets Business R&D spin-off companies – a list of Australian businesses that have successfully moved their R&D from the lab to the marketplace.

The Top 25 companies were compiled by Refraction Media and supported by data from Thomson Reuters. They were judged by a panel comprising of: Dr Peter Riddles, biotechnology expert and director on many start-up enterprises; Dr Anna Lavelle, CEO and Executive Director of AusBiotech; and Tony Peacock, Chief Executive of the Cooperative Research Centres Association.

For each company, the panel considered total market value, annual turnover, patents awarded and cited, funding and investment, growth year-on-year, social value, overseas expansion and major partnerships.