After years flying under the radar and being overshadowed by crazily overvalued software companies, Australia’s deep tech sector is finally winning acclaim.
There is no doubt the achievements of these companies are impressive. They have created enormous wealth for their shareholders and employees, resulting in combined market value of about $108 billion.
The combined value of these global companies, at $162 billion, is much greater than that of their software counterparts. More importantly, they have – and will continue to have – a profound impact on millions of lives.CSL, ResMed and Cochlear come from the deep tech side of the technology world.
Williams is about to begin a national roadshow to find the next 23 start-ups that will appear at a conference in May. She wants to take a deep dive into all the local tech ecosystems in Australia – the incubators, accelerators and university tech departments. “We actually have had innovation happening across Australia for decades – it’s just been really hidden,” she says.
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