Filling the Skills Gap for Innovators – A Rant

There appears to be a growing perception in the innovation industry base, particularly but by no means exclusively in those in their first 10 years of experience, that commerce equates to bringing an invention to market and as such, is irrelevant to them as “someone else does that”. And, at a time when headlines are full of gloomy stats regarding employment rates for graduates of tertiary and higher programs, one wonders if that misperception is a big part of the problem.¬† Continue reading

Why do we Need to Know about Commerce Anyway?

Cartoon 1For over a decade, multiple public and private sector reports have consistently identified the need for Australia’s graduates to acquire commercial savvy and innovative thinking in order to compete in a global marketplace for ideas. This is particularly so in the innovative industries which are widely accepted as the key to increasing productivity across economies, both directly and indirectly. However, as the Australian Research Council (ARC) noted in 2000, “Participation is unlikely by simply demanding that financiers take more risks or academics get involved for the good of society. It is important that action is taken to ensure that participation is based on mutual self-interest.” (Australian Research Council, 2000, p. 33)

Fundamentally, there are four reasons for innovators and creators to build and maintain a basic understanding of commerce, all of which can be seen as being entirely self-interested: Continue reading

Isn’t it enough for innovators to just innovate?

Numerous public and private sector reports in the last 36 months have identified the need for graduates from our education system to acquire commercial savvy and innovative thinking in order to compete internationally in a global marketplace for ideas. This is particularly so in the innovative industries which are widely accepted as the key to increasing productivity across economies, both directly and indirectly. Continue reading