Name: Inside the world of innovation precincts: insights from Dr. Katja Beitat
Uploaded: 2023-04-17T06:30:28.268Z
Duration: 352.7

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So my name is Dr.

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Katja Beitat and I'm the

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head of Health Tech at Cicada

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Innovations, which is a

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deep tech incubator based

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in Sydney, working with

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researchers, clinicians,

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and other founders in the,

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in the deep tech space.

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And I'm looking after

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every, innovation in health

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tech, which could be new

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therapeutics, new devices,

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new, diagnostic tools, as

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well as, software when it is

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considered a medical device.

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How Cicada has been

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involved with the precincts.

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We are an incubator that

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works with innovators across

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the state, but also across

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Australia, and we do not

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buy building capacity in

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the early stages to, be able

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to make a decision whether

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there is value to translate

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and whether we can develop a

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commercialization strategy.

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So in that we are, delivering,

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for example, the New South

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Wales Health Commercialization

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Training Program, which

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is free for anyone in New

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South Wales and anyone in

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the different precincts

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to tap into, and that is a

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11 step program to deliver

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the right knowledge and

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training at the right time.

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In addition to that, we also,

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nationally deliver under the

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MTP Connect Ready Program, a

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commercialization one-on-one

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workshop, which again is aimed

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at the very early stages to,

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develop a commercial strategy.

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Now, in the later stages,

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how we working with the

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precinct is that some of the

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talents from the precincts

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might then spin out as

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independent companies, and

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may no longer, ,stay in the

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precincts because they're

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growing too much or they, they

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have need access to different

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types of infrastructure.

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So in that regard, we become

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often a home for them.

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So we have a space, here

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in Sydney where we are at

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the moment, housing over

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50 companies and over 20

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of those companies are in

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the health space as well.

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I started my entrepreneurial

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journey in 2015 and at that

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stage there was no precinct

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for healthcare specific, so

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it was very lonely, and the

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way finding, especially in

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initial two years when it

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gets to understanding the

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process, understanding what is

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involved, to bring something

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to market that was missing.

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So I would have loved to

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have some guidance there

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and thankfully now that's

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the programs we having.

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The second is to have

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a community that was

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relevant to health.

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Again, I was attached myself

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to other startup communities,

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but I was often the only

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founder that was working on

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a health technology or health

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product, which means also the

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type of thinking, the usual

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startup type of thinking is

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often not, translatable to

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an health product one-on-one.

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So the let's do it

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fast and deal with the

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problems later approach,

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is not working in health.

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We have regulation

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to consider.

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We have longer timeframes,

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bigger funding pots that

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we need to access into.

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We have different

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stakeholders that we need

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to engage and deal with.

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So again, having a specific

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ecosystem and the precinct

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that supports that specific

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ecosystem would've been

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extremely helpful and I'm

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very, very glad to see that

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this is where we are going.

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There are many layers and we

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discussed a few layers where

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it is obviously having a

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place where people want to be,

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and that is from everything.

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It's easy to access,

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it's great facilities.

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We have natural light,

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we have, opportunity

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to collaborate.

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We have, very competitive

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rates, for actually

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being there as an

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independent collaborator.

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But in addition to that,

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it is building community.

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Building opportunity and

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that is curated community

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and curated ability to get to

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know different stakeholders

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and bring them together.

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That's is anything from events

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to, digital communication,

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to celebrating the wins

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of others, to actually see

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where the momentum as a whole

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ecosystem is coming from.

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Then people can find

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themselves, or it's easy

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for them to recognize

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themselves as being part

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of that ecosystem that

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has its own momentum.

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My personal, view on is

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similar to some of the themes

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that have been discussed

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is to, I'm hoping that the

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precincts find focus and

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they're not afraid to find

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their own focus and have

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then with the focus, have

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the confidence to really

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improve and optimize.

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We have heard, earlier from

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the Hunter, new England,

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health precinct that has

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found a focus on holistic

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factors that support

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health, but also digital,

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and that makes a lot

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of sense for them.

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But there are other precincts

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that, have, probably a

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natural tendency to find

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their own focus and, then

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get the best staff globally,

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the best collaborators,

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the right industry.

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To, work together in

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that particular precinct.

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And the second thing is,

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once each of the precincts

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has found a focus is so then

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use that focus of becoming

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part of an overall ecosystem,

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which has to be Australia

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wide and internationally.

Expert Insight

Join us for an enlightening conversation with Dr. Katja Beitat, a renowned expert in the world of innovation precincts. In this captivating video, Dr. Beitat shares her wealth of knowledge and experience on this exciting and rapidly evolving industry. 

From the latest trends and cutting-edge research to the challenges and opportunities that lie ahead, Dr. Beitat offers valuable insights and practical advice for professionals and enthusiasts alike.


Healthcare

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Dr Katja Beitat

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