Cicada Innovations Acquires TECH23, Celebrates $5.7B in Combined Capital Raised

Cicada Innovations has acquired custodianship of Australia’s longest-running annual deep technology conference Tech23 as the capital raised by their deep tech companies eclipses $5.7 billion.

Tech23 and Cicada Innovations have always been united by a shared mission to celebrate and support Australian deep tech innovators, with both organisations boasting a lengthy track record of nurturing some of Australia’s most successful companies:

• Combined capital raised by Cicada Innovations and Tech23 companies amounts to at least $5.7 billion

• Notable 2022 milestones for Cicada Innovations include:

For 13 years, Tech23 has showcased and championed over 300 of Australia’s most promising high-growth deep tech companies, while providing a mechanism for venture capital, other investors, media, advisors, policy makers, and potential local and global customers to learn about and connect with these companies.

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The event, planned for July 2023, will ask big questions about how we build the future – from sustainable cities to game-changing climate solutions and completely new paradigms of human health. Creating a space to connect and spark meaningful conversations about the ideas, technology, and innovators that can propel humanity into a better tomorrow.

Cicada will take a proactive approach to finding the next 23 startups, setting out on a national road show in early 2023 to engage with local ecosystems and unearth emerging deep tech voices and give them national platform and vital exposure and support.

Cicada will also implement a strategic shift from focussing on sectors like “agtech” or “spacetech” to looking at systemic solutions to broader problems, such as “reimagining the built environment” or “putting an end to waste”, to ensure a holistic approach to problems and solution design.

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