Sense-T and Tasmania University have set up a new spin-out called Sense-Co.
Tasmania University and ecotech Sense-T have set up Sense-Co, a spin-out from the latter. Sense-T’s technology uses existing sensors throughout Tasmania, both publicly and privately owned, to monitor environmental conditions and analyse the data in real-time.
Both Sense-T and Sense-Co will work in partnership with the university, with each focusing on dedicated areas: Sense-T will continue work on a research agenda while Sense-Co will specifically look at commercial opportunities.
The companies’ and university’s hope is that the technology and aggregated data will be used by outside researchers, investors and businesses to tackle economic, environmental and social sustainability. The 21st century will be a challenging time with regards to all these aspects, with the world population expected to rise to 9 billion by 2050.
The companies currently have a focus on agricultural sensing technologies, but are hoping to expand this to also include freight and logistics, tourism, health, financial instruments and information technologies.
The new spin-out means that a number of Sense-T staff will be moving on to Sense-Co. Both organisations will also hire more people over the coming months.
