Following an extensive consultation process, Sydney tech incubator ATP Innovations has rebranded after 15 years, revealing its new name— Cicada Innovations.
Australia’s leading incubator brings long-term tailored business support to advanced technology entrepreneurs. The incubator collaborates with high growth advanced technology startups founded on meaningful engineering innovation, scientific discovery or enterprise applications built on data science. These are businesses with a sustainable competitive advantage through intellectual property or know-how that is hard to replicate.
Through a dedicated team of business mentors, industry network and community of entrepreneurs, Cicada Innovations has supported emerging technology startups since 2000.
Founded by four Australian Universities: University of Technology Sydney; University of Sydney; University of New South Wales and Australian National University, Cicada Innovations has a client portfolio of more than 70 high growth startups working on novel products in life sciences, hardware and enterprise software technology sectors. The company’s portfolio also includes software companies like Ingogo, Edrolo, ezyCollect and UpGuard.
Since 2006, the Cicada Innovations team has helped these businesses raise $264 million in private equity and government grants, file over 500 patents and trademarks, sell products across the globe and exit eight businesses via a trade sale or an IPO.
The name Cicada Innovations was decided upon to mean “emerge fully-formed from their period of incubation and are equipped to take on the world.”
The incubator aims to do the same for its companies by providing companies’ access to its full-time mentors with specialized domain expertise, as well as its customized workspaces, which includes state of the art labs and production facilities.
With the rebrand, Cicada Innovations will look to both itself grow further, and grow the reputation and development of advanced technology in Australia, which it states has “flown under the radar for too long.”