Guest Blog by InBIA Featured Member & Tech Incubator- Cicada Innovations

Cicada Innovations, Australia’s leading deep tech incubator and 2014 InBIA Incubator of the Year, staged its own Nobel Gala in Sydney. It was the first of its type in the southern hemisphere and recreated the Nobel experience using the same special elements that are part of the famous banquet and awards celebrated in the Stockholm Town hall in Sweden this week.

Since 1901 the famous Nobel prize ceremony has celebrated science-based innovation. Cicada Innovations CEO Petra Andren said the organization felt privileged to celebrate Australian science-based innovations whilst recreating the Nobel experience in Australia.

“What better place to celebrate Australian science-based innovation than right here,” she said.

“Under the one roof at Cicada Innovation’s tech incubator, there are more than 70 companies with real technologies having sustainable and positive impact for Australia and the world. Now that’s worth celebrating.”

Cicada Innovations’ showcase of advanced and deeper technology companies across industry verticals highlighted last night were Nano-X, Trimph, Marathon Targets, and Law of the Jungle.

Nano-X is an innovative cancer treatment system that will change the delivery of radiation therapy from large reference centers to small-town hospitals. Biomedical company Trimph has developed an injectable device that accelerates the natural regeneration of cartilage, bone, and numerous interface tissues. Marathon Targets creates robotic targets for live-fire training. Law of the Jungle provides smart cloud solutions that enable legal compliance seamlessly within key corporate business processes.

Industry partners Cook Medical, IAG, Meat & Livestock Australia, and Yes Labs Optus presented collaboration awards to ezyCollect, PrimeX Connect, Trimph, and Upguard.

ezyCollect is an automated debt collection platform enabling small-to-medium businesses to accelerate accounts receivables recovery.  PrimeX Connect technology improves the efficiency of the Australian red meat supply chain. UpGuard is a cyber security platform that looks at organizational IT infrastructure from the inside-out.  

Chairman of Innovation and Science Australia, Bill Ferris, said it was a privilege to be a part of the inaugural Cicada Innovations Nobel gala.

“This will become one of the great calendar events in Australian Innovation,” he said. “The presentations were inspirational. Australia must be in the top 10 in the world by 2030, measured by any metric, and we need the noisy tech incubator, Cicada Innovations, to make this happen.”

Federal Assistant Minister for Industry, Innovation and Science, Craig Laundy, described himself as a passionate advocate of Cicada Innovations.

“The Turnbull government is fair dinkum in its support of life-changing innovation,” he said. “We are your business partner.”

NSW Minister for Innovation, Victor Dominello, said the Baird government is absolutely committed to its recently released Innovation Strategy.

“We are in the age of miracles,” he said.“We must unleash the wealth and human potential we have.”

Ms. Andren said collaboration between universities, industry and government makes Cicada Innovations a special incubator.

“While others talk about collaboration, we’re doing it, bringing researchers from our university shareholder’s, industry and start-ups together through our successful industry engagement program. Our model of harnessing the power of collaboration has proven to deliver better advanced-technology outcomes.”

“It is this collaboration that takes ideas from the prototype stage to the world stage. It is this collaboration that is creating skilled jobs such as the 400 in this building, and one-third of those skilled jobs are held by women. It is this collaboration that creates technology that is making sustainable improvements to people’s lives.”