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Cicada Innovations launches HealthTech Hub in Western Sydney s hidden innovation ecosystem – Australian Associated Press
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Cicada Innovations launches HealthTech Hub in Western Sydney s hidden innovation ecosystem
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SYDNEY, Nov. 4, 2022 /PRNewswire/ The NSW Health Commercialisation Training Program(CT Program), delivered byAustralia's pioneer deep tech incubatorCicada Innovations and launched one year ago, hosted a Demo Day on 3rd November 2022 held at Cicada Innovations and attended by NSW Secretary of Health Susan Pearce. Cicada Innovations CEO Sally-Ann Williams The CT Program was designed according to learnings from NSW Health and Cicada Innovation's former "Medical Device Commercialisation Training Program" (MDCTP) which supported 1,037 medtech innovators between 2014 to 2020. The new CT Program saw numbers skyrocket compared to MDCTP, which was solely open to participants working on medical device technologies, after its scope was expanded to also span the spectrum of therapeutics, diagnostics, and software as a medical device, along with medical devices. Many of the companies formed from the program have raised over $67 million in growth capital and grants, including from
Cicada Innovations chief executive officer Sally-Ann Williams. Source: Twitter.
Aussie deep tech incubator Cicada Innovations is set to continue delivering a free training program for biotech and medtech professionals and academics, in partnership with New South Wales Health.
The partnership marks a continuation of the NSW Health Commercialisation Training Program, which is designed to unearth and fast-track development of innovative new tech in the healthcare sector.
The idea is to both improve patient outcomes and provide additional opportunities for emerging NSW medtech startups.
Having already helped in the creation of 19 businesses over six years which have raised more than $77 million in funding combined the scheme will now continue for another four years.