Cicada x Tech23 – Deep Tech: Australia’s Critical Technologies, 2024

The report focuses on the development and significance of deep technologies in Australia.

These technologies play a crucial role in building future critical technologies and impacting various sectors of the economy. Key findings include the coverage of areas such as artificial intelligence, quantum computing, biotechnology, advanced materials, and robotics. There is an acceleration in the development of the deep tech ecosystem in Australia, with an increase in the number of startups founded over the past five years. Major challenges for deep tech startups include long development cycles and difficulties in attracting private investment at early stages. There is a significant gap in support for startups transitioning from a minimum viable product to commercial success.