A program to help deep tech start-ups develop the skills necessary to commercialise their ideas has been launched by the New South Wales Government and incubator Cicada Innovations.
The Deep Tech Commercialisation Training Program will help ensure research-led ideas get translated into financially viable businesses the New South Wales minister for Science, Innovation and Technology, Alister Henskens, said.
“Most deep tech companies are built on new and unproven technology that have the potential to change people’s lives, but they struggle to navigate the ‘valley of death’,” Henskens said.
“By helping companies gain a clearer commercialisation perspective and a stronger appreciation of factors such as market analysis, supply chain issues and customer engagement, this program will help them secure later stage capital and remain in New South Wales while they grow and scale.”
The online training program is being run by the Office of the NSW Chief Scientist & Engineer and delivered by Cicada Innovations.
The course takes participants through the key elements of building a successful deep tech business. Each lesson will be taught by an industry leader and features case studies, useful resources, and activities to apply to their own business.
Cicada Innovations CEO Sally-Ann Williams said the state could be a global epicentre for innovation.
“As the home of deep tech in Australia for over two decades, we understand the commercial pathways to take ideas from the lab to global markets.
“By working alongside the New South Wales government to deliver this program we will support the best emerging deep tech ventures in the state and help them navigate turning breakthrough science and technology into sustainable business that positively impact Australia and the world,” Williams said.
The course skills start-ups to:
- refine your go-to-market strategy;
- become “grant ready”;
- articulate your unique value proposition and position in market; and
- improve your customer and stakeholder engagement techniques.
Visit Cicada Innovations for more information and how to register.
