Nestled in Sydney’s Australian Technology Park is a vibrant hub for more than 70 startup businesses.
Cicada Innovations is a ‘super-incubator’, a space offering entrepreneurs facilities and mentorship programs to help grow their startups.
Named Global Incubator of the Year in 2014, startups taken under Cicada’s wing have seen a collective of $500 million in revenue since 2006.
Among their alumni is Propeller Aero, a drone software program which simplifies the process of surveying.
“We thought there was a bigger opportunity to help businesses with drones, and we zoned in on the mapping and modelling side of things quickly,” Mr San Miguel said.
“It was obvious the mines, and quarries, and the construction sites were the ones that had the big burning desire for the big topographic information, so we quickly started focusing our product and development on those types of customers.”
“That led us to this solution, which is a very simple way to interact with what is typically clunky data.
The platform works by taking lots of images from drones, which end up overlapping each other to eventually develop into big stitched maps and models appearing in 3D.
To date, they have been able to raise just over $5 million, and currently serve clients ranging from BHP to Veolia and Holcim in the mining, landfill and quarry industries.
Over the last financial year, Mr San Miguel said the business’ revenue grew tenfold.
In addition to the huge growth, the startup has also struck a deal with leading drone company DJI to offer bundles to customers, which includes a drone with AeroPoints and the Propeller software platform.
"But for us, it means fitting in and distributing our products swiftly, and it turns out that the companies that have done that really well all have big distribution strategies and channel strategies.”
Today he still credits the early assistance from Cicada Innovations’ mentor team for playing a crucial role in launching Propeller Aero off the ground.