Incubator Cicada launches new health tech hub
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The news: Tech incubator Cicada Innovations has officially launched its new HealthTech Hub, located in the Westmead health and biomedical precinct in Western Sydney.
The numbers: Cicada, which has helped over 300 companies raise more than $1.8 billion in funding over two decades, said the world-class incubation facility is supported by a grant from Investment NSW.
The context: The incubation hub is now open to pre-revenue stage startups, spinouts, research projects, and more established businesses looking for a landing pad in areas of medical technology and devices, cancer research, infectious diseases, immunology, and vaccines.
It will provide affordable and flexible workspaces, dedicated facilities, critical connections, and curated support services, all aimed at facilitating the rapid commercialisation of life-changing research with real patient outcomes.
The facility has already signed up its first resident, health tech startup iiSheild, that aims to double the available time for kidney transplants by minimising the heat of the kidney during procedures.
The source: Cicada Innovations release
