Innovation is a key driver in creating long-term economic growth and resilience for a nation. It also brings unrivalled improvements in living standards for citizens, such as lengthening average life expectancy, creating jobs and opportunities, and raising wealth.
Australia has a rich history of research and development having developed and exported hugely successful inventions like WiFi, Cochlear implants and the flight recorder. But currently only 12 of the 2,500 global R&D leaders are Australian.
Providing these early stage companies with access to finance, a business network, skilled workers and specialised facilities is vital.
It’s time for leaders to recognise the enormous benefits of investing in science and technology and the clear and significant opportunity for financial return from R&D.
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Australia’s prosperity and security will be shaped by how we back deep tech today. These are the critical technologies that will power clean energy, advanced manufacturing, defence, and healthcare, building sovereign industries and long-term competitiveness.
Our Tech23 Insights Report highlights the breakthroughs already underway, and our Opportunity Report sets out how to scale them here in Australia.
Explore more insights from Cicada’s 25-year journey.
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Deep tech ventures are led by the impact they create: tackling antibiotics resistance, helping farmers grow more food, or developing carbon capture technology.
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