Sponsored by Meat and Livestock Australia, research is ready for large-scale commercialisation.

Field tool Freedom4 can detect viruses and bacteria in samples.

Applicants may seek investments up to $46,500.

Universities will need to hold a stake of at least 51% in their spin-outs.

Sense-T and Tasmania University have set up a new spin-out called Sense-Co.

Queensland's Appian Medical has secured about half the funding it is seeking in a $1m seed round.

Ellis will serve as the director of research strategy and management.

Researchers at the university will produce beakers for schools.

Previous investors General Electric, Jerusalem Venture Partners and Poalim Capital Markets returned for the round.