About Cicada MedLab.
Cicada MedLab is a 12-week, mentor-driven accelerator program for early-stage founders who are building high-growth, disruptive medtech businesses.
Based out of Cicada Innovations’ heritage premises in Sydney, MedLab provides startups with the tools they need to successfully grow and scale a medtech business. This includes a $50k cash investment, the support of a dedicated program team and as well as expertise, connections and mentoring provided by a incredible group of business mentors, investors and industry experts.
Throughout MedLab, founders are pushed to their limits. We stress test for how their product fit with customer need and help push the thinking of what great looks like. A balance of knowing how a medtech business is built - from their regulatory pathway to their quality management system to their financial model - to having a compelling story to take to investors as they begin to raise their first or early round of capital.
The program culminates in a Demo Day event, giving startups a chance to pitch to the cream of Australia’s deep tech ecosystem, including investors from premier VC funds both within Australia and beyond its shores.
After the program, graduating companies have the option to remain within Cicada’s co-working space for a further three months and beyond that, may be invited to join Cicada Innovations' incubator - Australia’s largest deep tech community - for further support and subsidised office space for up to five years.
About Cicada Innovations.
CREATE. ACCELERATE. INCUBATE.
Cicada partners with visionary technical founders to provide them with business support from ideation all the way through to scale up phase, leveraging the talent and capabilities of our shareholder universities. To put it simply, Cicada supports carefully selected deep tech founders to achieve their business goals faster and smarter.
Cicada Innovations is a program-driven Incubator. This means creating and accelerating deep tech ventures through a number of specialised commercialisation and mentor driven accelerator programs. Cicada’s accelerator programs feed into the incubator where further long-term support is provided in the form of subsidised physical space, specialised infrastructure, access to our community of world class innovators, networks of investors and domain experts as well as talent and capabilities sourced from our shareholders Universities.
Cicada’s 20-year history in the lifescience and technology spaces means that it operates with the knowledge that deep tech ventures need time to bring their products and services to market. It’s business model has been created precisely to assist startups throughout the lengthy, complicated journey of taking their tech to market and provide to support along the way.