We transform Australia & New Zealand's most promising medical discoveries into the latest medical therapies that save lives & improve quality of life, while generating returns for investors.

Vale Rob Knowles

The Honourable Rob Knowles AO, a prominent former Victorian Health Minister, passed away on 29 April 2026 at the age of 78. He was a director on the board of Brandon BioCatalyst from December 2019 until April 2025. Rob made significant contributions to the health and life sciences sector and to the broader Australian health system over many years.

Brandon Capital extends its heartfelt condolences to Mr Knowles’ wife Carmel, and to his children, grandchildren, extended family and friends.

Brandon BioCatalyst is the largest life science investment fund in Australia and New Zealand. We are a unique collaboration between CSL, major Australian superannuation funds, the Australian and New Zealand governments, Australian state governments and more than 50 leading medical research institutes and research hospitals.

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Portfolio

We’re immensely proud of our portfolio. Partnering with talented scientists, clinicians and entrepreneurs, we have supported more than 40 companies to date.
The collaborative nature of the MRCF provides a supportive investment process, fostering best practice commercialisation and encouraging innovation. The MRCF works closely with its 50+ Member Institutes to identify promising opportunities with strong commercialisation potential.
The MRCF is unique, in that it is structured as a collaboration between the investors and the Member Institutes, with experienced representatives from each institute providing a ‘peer review’ assessment of opportunities through representation on the Investment Review Committee (IRC).
The MRCF works closely with the Member Institutes to identify promising opportunities, ‘working them up’, completing due diligence and establishing the start-up company. Most importantly, the MRCF guides the early stage investments through the development process to a trade-sale, partnering, next round financing or into stand-alone, growing businesses.

Que Oncology
Que Oncology

A clinical stage company developing treatment for hot flashes in cancer survivors undergoing endocrine therapy

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CatalYm
CatalYm

Reversing GDF-15-mediated immunosupression to induce anti-tumour responses

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NRG Therapeutics
NRG Therapeutics

Developing disease-modifying mitochondrial therapeutics for neurodegenerative disorders

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Pheon Therapeutics
Pheon Therapeutics

Developing first-in-class ADCs to treat cancer

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Currus Biologics
Currus Biologics

Developing the next generation of CAR-T cell therapies to treat solid cancers

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Allay Therapeutics
Allay Therapeutics

Combining non-opioid analgesics and biopolymers to deliver weeks of localised pain management

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Myricx Pharma
Myricx Pharma

Unlocking the potential of N-myristoyltransferase (NMT) to develop precision medicines for a range of diseases including cancer and viral infections

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Glyscend
Glyscend

Glyscend is developing novel non-absorbable polymers that are orally-delivered for the treatment of Type 2 Diabetes.

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Members

Our member institutes span every state and territory in Australia. Here is a snapshot.

Institute
Callaghan Innovation

Callaghan Innovation is the New Zealand government’s innovation agency, helping businesses succeed through technology. We act as a gateway to innovation in New Zealand by connecting the rest of the world to Kiwi companies, research institutes, incubators, universities and commercialisation offices.

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Institute
Cancer Research Institute

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Institute
Mater Medical Research Institute

Mater Research is a recognised leader in medical research. Our bench to bedside philosophy sees us working across Mater Health’s hospitals and health services, The University of Queensland, and the world-class Translational Research Institute (TRI).

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Membership

The MRCF collaboration is innovation in action: We provide a path for taking medical science from conception into the real world.

Our Venture capital model is unique. We don’t simply provide investment, we create businesses, run companies and everything necessary to ensure our investments succeed.

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