As we close the chapter on 2024, it’s the perfect time to reflect on what has been an extraordinary year for Cicada Innovations. At our core, Cicada is driven by a singular mission: to build Australia’s deep tech economy. This mission goes beyond supporting startups—it’s about harnessing the power of science, technology, and innovation to address the world’s most pressing challenges and create a future that is smarter, more sustainable, and deeply impactful.
We believe that deep tech is key to solving critical global issues—whether it's advancing healthcare, creating resilient food systems, reducing environmental footprints, or ensuring national security through sovereign technologies. Our work is not just about helping companies grow; it’s about fostering a thriving ecosystem where research and innovation can translate into tangible solutions that benefit society, the economy, and the planet.
This year wasn’t just about growth; it was about building a community where science and technology become the foundation for meaningful solutions. Thanks to the shared vision of our residents, team, and partners, Cicada Innovations has made a lasting impact. Here’s a look back at the highlights that made 2024 extraordinary.
Imagine three buzzing hubs of innovation, each filled with passionate teams tackling challenges that impact people, planet, and industries. That’s Cicada in 2024.
This year, we achieved a major milestone: all three of our sites—Eveleigh, Jumar in Melbourne, and the HealthTech Hub in Westmead—were fully operational. These spaces became home to 84 startups, including 40 new residents who joined our community.
Here’s where they’re making their mark:
What makes this growth even more meaningful is the diversity within our community—20 of these ventures are female-founded or co-founded, setting a record for inclusivity.
Together, these startups raised an incredible $447+ million in private capital and grants and created 121 new jobs. Every dollar raised and every job created represents another step toward building a thriving deep tech ecosystem.
Behind these numbers are incredible stories of perseverance and achievement. This year, Cicada residents continued to lead the way in innovation. From awards to international recognition highlights included:
These stories don’t just showcase the brilliance of our residents; they demonstrate the power of deep tech to create real, lasting change.
If there was a single moment that captured the spirit of 2024, it was Cicada x Tech23. Australia’s largest deep tech festival brought together 400+ attendees to celebrate 23 visionary startups tackling the world’s toughest challenges. It was a day filled with inspiring talks, powerful connections, and a showcase of the cutting-edge technologies shaping our future.
Among the alumni from Tech23, several companies have achieved remarkable milestones this year:
We’re incredibly proud of the impact these ventures are making and honoured to have played a small part of their journey. Their successes and leadership demonstrate the power of deep tech innovation to drive meaningful change.
The Cicada team has grown as well, with 14 new members helping us support this incredible ecosystem. Major improvements to Cicada HQ this year included new solar panels, a refurbished wet lab, and an upgraded Engine Shop equipped with cutting-edge tools.
Throughout the year, Cicada was a hub of activity, hosting 74+ events, workshops, and programs. Over 6,300 people joined us—enough to fill the Sydney Opera House Concert Hall twice!
We also celebrated standout milestones:
We were honoured to welcome esteemed visitors, including NSW Premier Chris Minns, Lord Mayor of Melbourne Sally Capp AO, and NSW Minister for Innovation, Science and Technology Anoulack Chanthivong, as well as international delegations and investors.
Meanwhile, the Cicada team took the spirit of deep tech beyond our walls, representing Australia’s innovation ecosystem on the world stage. From BIO International Convention and evokeAG to Sunrise Conference and AusBiotech, our team strengthened local and global connections and showcased the power of Australian deep tech to drive meaningful change.
Next year marks Cicada Innovations’ 25th anniversary—a milestone that reflects our enduring commitment to shaping the future of deep tech. As we plan for 2025, we’re excited to bring even more to our community, including:
We’re proud of everything we’ve achieved in 2024, but even more excited for what lies ahead. To our residents, team, and partners—thank you for making this year unforgettable. Here’s to a future of growth, innovation, and impact!