According to Ben Potter in today’s Australian Financial Review, the Prime Minister is continuing his hands-on approach to tackling some of the seemingly intractable problems in the Australian Innovation System with a small and focused discussion in Western Sydney, touted by many (well, at least many in Western Sydney) as Australia’s current focal point for start-ups and innovation:
Prime Minister Malcolm Turnbull has summoned university and research agency chiefs to a private meeting on Friday aimed at finding ways to drive more industry collaboration and innovative businesses….It marks a return to “industry policy” more typically associated with Labor governments, but with less emphasis on “picking winners” and more emphasis on pushing researchers to see if they can turn their ideas into businesses.
And while I’m not at all sure about the call for Christopher Pyne to ‘release his inner revolutionary’, one can’t hoping that from within the group of Bright Minds – CSIRO’s new-ish CEO Larry Marshall and Super Scientist Professor Ian Chubb are among the 20 attendees – there will be some frank and honest talk that admits if the higher education sector were going to come up with a solution to this problem on their own, they would have done so by now. Continue reading
Earlier this week, I published a post on LinkedIn drawing three lessons from Queensland’s recent domination of the Australian Financial Review (AFR)/BOSS biennial review of Australia’s best MBA programs. For those who missed the results, Queensland schools took out four of the top five positions, including the top spot, with another two schools in the top eight of a survey that gives its highest weighting to the value graduates put on their experience. At the crux of each of the lessons was one central truth: in a market as crowded as that of Australia’s MBA providers, the key is to give the people what they want. Which raises a question for those thinking about undertaking an MBA – what do you want? And is an MBA the right way to get it?
Here are three signs your plans to commit serious time and money to an MBA – the winner of the best value-for-money title (also a Queenslander: number 8 overall) has full-time fees of $AU32,400 – may not be the best way to get what you’re really after: Continue reading
This may be the least wise, least prudent post I have ever made. I’ve typed, and deleted, and re-typed that headline I don’t know how many times, and reminded myself of my determination to stay away from big-P-Politics and my even more fervent desire for this blog to avoid the question of Faith, but I keep coming back to it. So I’m just going with it, and I’ll trust that you’ll stay with me through the thought whether you agree with or respect it, or not.
Because, admittedly unusually, I’m not trying to be smart with the header. I *was*, certainly, when I first thought of it, but it actually says everything I want to caution against in one, highly unoriginal, bordering-on-inaccurate line IF, and again I stress IF, you’ve seen Monty Python’s Life of Brian. If not, oops (and, seriously, see the whole thing, not just the YouTube clips: it’s a whole-thing-thing). Continue reading
Consultation closed yesterday on the Review of Australia’s Research Training System by the Australian Council of Learned Academies (ACOLA). For those of you playing at home, yes, I *did* post recently about another public consultation process that also closed yesterday, and yes, I *did* suggest it had great potential to lift the innovation industries out of a long running problem – for a semi-controlled riff on the consultation blues, you can have a look at my post today on LinkedIn.
Back to the ACOLA review, and before I go any further I should be clear: any criticisms (and there will be some, trust me) in this post are in no way directed at ACOLA or the well-respected and very busy people on the Expert Working Group tasked with completing it. This review was not their idea, and I have no doubt they will do their best to make it a constructive investment of public monies. I had the pleasure of meeting Working Group Chair John McGagh several years ago when he was head of Global Innovation for Rio Tinto, and that’s just the kind of man he is.
That said, it’s not exactly news that workforce capability and development outside technical aptitude has been a recurring challenge for the innovation industries: Continue reading
NB This post is an expanded version of that which was posted at LinkedIn today. Apologies to those who didn’t want to double-dip, however for better or worse I try to limit my personal opinions on the merits of policy content to this blog.
There’s just one week left in the second consultation process on the introduction of a legislative framework to facilitate crowd-sourced equity funding (CSEF) and, regardless of what you may think about the proposed model, you have to admire the earnest efficiency with which the Government continues to progress this issue.
Of course, not everyone is happy with progress. Several senior figures within the start-up community bemoaned the release of another Discussion Paper in conversations with the Australian Financial Review when the latest paper was released. One expressed surprise that Treasury would need to still explore how to resolve a specific barrier created from years of the Corporations Law, given as “they’ve had so long.” Bless. Continue reading
To anyone who has been following this blog and is cursing my name for the overflow in their feed, I’m truly sorry. Not sorry enough not to have done it, mind you, but sorry nonetheless. You see I’ve recently mothballed one of my businesses, BigPic, in the interests of seizing a moment in the other, but the mechanics of that meant I would lose some posts from that site that I wasn’t prepared to let go yet.
So I’ve transferred them all over to this blog – lucky it and you, right?!?! – but that has meant an awful lot of posts seeming to be made over a short period of time. Which is no fun.
But, on the off-chance this rush of content has made you a very happy bunny, let me warn you now: this is not usual. Seriously. Lower your expectations. A lot. Now.
I was writing something recently – actually, I’m actually writing something now, and this thought came to me, and rather than continuing to scribble it on the piece of paper I keep handy for just this sort of thing to stop me from getting distracted, I’m going to run with it. Hope it’s worth this rather shapeless intro.
I was making mention in the original document of the high percentage of Australian innovation workers in higher education and government, as opposed to business: hardly new statistics and, as always, I felt a little uneasy about them because as bad as they are, I always expect them to be worse. For those who haven’t heard me on this particular soapbox, the official stats show 58.7% of Australian researchers are employed in higher education, with a further 8.9% in government. In fact, of the 34 countries surveyed, Australia was in the bottom 5 for its number of researchers employed in business*. Continue reading
AVCAL, the Australian Private Equity and Venture Capital Association Limited, has announced pretty interesting line-up for its 2015 conference in Melbourne this September. Interesting, in part because the theme they appear to be weaving through all their activities – Building Better Business – doesn’t really seem to be reflected in the choice of speakers; in part, because the star speakers have some serious wattage; and interesting in the sectors chosen as the focus for Spotlight sessions. Continue reading
Lately it seems every time I’m around a conversation about making the most of innovation, in no time flat it will transform into a soapbox about start-ups. Start-ups not being properly funded, the need for more start-ups, someone making a motza from a start-up. Granted, that is due in part to the fact that I’m currently developing a course called Conversational Commercialisation. And in part its probably because since I started Your Commercial Foundations (YCF), I’ve been practically chanting “Commerce is more than Commercialisation”, but Conversational Uptake just isn’t as catchy, so I’m irritated by my own shallowness the whole time I’m writing.
But that still leaves a large part that has everything to do with the broader shallowness that seems to fixate so many in the knowledge industries on the seemingly big bucks that commercialisation-through-start-up seems to promise everyone if only our innovation system would function optimally. Continue reading
When I chose the tag line for this blog – services and support for innovators and creators – it was because that was what I really, really wanted to do. Not to pontificate from a soapbox (sorry, that should read “just pontificate”), but to provide content that would be of use to those smarter and more skilled than I in their pursuit of their excellence. The logic being, if I can’t make the world better by an idea, technology, creation or innovation, my contribution can be making it easier for those ideas, technologies, creations and innovations to make it to said world.
Which brings us to this post, in which I jeopardise my future value to the reader, by giving away all some of my most treasured sources, in the hopes that giving you a direct route won’t necessarily mean you’ll cut out the middle man. Screw it; consider it a sign of how much I believe my own tag line…. Continue reading