Innovation opportunity for every working Australian

Over 90% of Australians are employed in jobs within existing industries, which deliver $2000 Billion of GDP.
Innovation in established organisations creates the most value for the economy, and yet is often overlooked in the discussion about innovation and entrepreneurship. While start-ups are important, they are high risk/high reward, require new capital and impacts are relatively long term; existing organisation innovation can be managed, is funded internally and can have immediate impact. Australia needs a balanced approach to innovation and engage the greatest proportion of Australians! Success from existing organisation innovation is evident across all sectors from health, finance, manufacturing to consumer goods and food. Results from these organisations over nearly 10 years show an average of 1% per annum improvement of organisation performance. Were this replicated nationally this represents $20 billion per annum. However the take up within organisations is not significant. A focus on innovation for existing organisations in established sectors is needed to create productivity and growth and also responsive cultures able to adopt and adapt to innovation. The work has been done, national support is required to expand. Options 1. Support and expand the best practice principles for Governing Innovation from the Australia Institute of Company Directors. (http://www.companydirectors.com.au/Director-Resource-Centre/Director-QA/Director-Tools/Governing-innovation) 2. Support and expand the implementation of existing training credentials from IBSA (Innovation Business Skills Australia) through existing funding of the Industry Skills Fund and new methods of delivery to develop the range of capabilities required 3. Support the Innovator Recognition Program as identified by the NSW Public Service Commissioner as a framework for implementing innovation in existing organisations. See http://catalystexchange.com.au/catalyst-services-5/catalyst-development/innovator-recognition-program 4. Support and expand the Collaborative Innovation Forum (http://catalystexchange.com.au/catalyst-services-5/catalyst-development/collaborative-innovation-forum ) that operates in Canberra and brings public sector innovators together with private sector innovators to share best practice. 5. Support and expand the existing R&D Tax Incentive to include non-technical innovation. 6. Support and expand Collaborative Circles as identified by the Industry Growth Centre, Food Innovation Australia Ltd (http://fial.com.au/collaborative-circles ) and Victorian Agriculture Strategy to accelerate clusters 7. Support leadership strategies for implementing innovation. At Hargraves Institute, 50 members and 150 partners have come together to develop an Agile Innovation Manifesto for existing organisations and employees that gives leaders the foundation to measure performance, reduce risk and deliver real results from innovation. See www.hargraves.com.au Allan Ryan, Executive Director Hargraves Institute

user picture Allan Ryan · 2 years ago · 70 votes · 11 comments
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Agree. Need to work with established businesses as well as startups... Also transitioning workers from old to new industries...
Richard Ferrers · 2 years ago
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Hi Richard, you make a great point. transitioning workers will become a bigger and bigger problem as the economy becomes more digital. A recent survey suggested that 30% of all jobs will be affected by digital and business model innovation. This means millions of jobs.
Allan Ryan · 2 years ago
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I get my coders overseas. No startup needs local programming talent to succeed. The cost, of course, is to Australia.
Craig Thomler · 2 years ago
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Hi Craig, this is a very valid point. The more successful a start-up the more jobs are created...off shore. We have to do both local innovation in established organisations and digital start-ups
Allan Ryan · 2 years ago
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Thanks Allan, you can submit as many ideas as you'd like, but it makes it easier for others to vote/comment on your ideas if they're each submitted separately. And individual ideas are more likely to be selected and worked on during the Policy Hack event since it's a one-day event and teams will be competitively pitching at the end of the day.
Alan Jones · 2 years ago
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Hi Alan, thanks for the insight. Innovation is a numbers game, the more people, the more ideas, the bigger the chance of success. Time constraints, small groups and competitive processes are valuable and part of the way for success
Allan Ryan · 2 years ago
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This is a comprehensive approach Allan. If it's only to be one idea put forward at Policy Hack, I really like the Collaborative Innovation Forum as the concept has broadest potential and appeal for all Australians - metropolitan, rural and regional.
Niel Jacobsen · 2 years ago
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Thanks for contributing Allan. There's eight ideas here — if you could see only one of these ideas worked on at Policy Hack next weekend, which could make the biggest impact to commercialising innovation in Australia?
Alan Jones · 2 years ago
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Hi Alan, Thanks for responding. If we could discuss just one then it would be number three. '3. Support the Innovator Recognition Program (IRP) as identified by the NSW Public Service Commissioner as a framework for implementing innovation in existing organisations.' The IRP brings together the passion of the innovator with the pragmatism of organisation leadership AND can be measured. Measurement is critical to convert the naysayers and to promote innovation more widely. Also IRP is applicable to the public sector, not for profits and private companies alike; 100% of working Australians.
Allan Ryan · 2 years ago
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Thoughtful, well balanced proposal that is inclusive and benefits all Australians.
Ian Locke · 2 years ago
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Great Idea Allan - big winner for Australia here
Peter Barnet · 2 years ago
People who voted for this idea
Terri-ann  White Owen Muir Lynn Stoddart Allan Ryan Tess Julian Michael McCann James Young Niel Jacobsen Ian Locke Robert Mitchell elise stevens Peter Barnet L Kimber Lisa Mallyon Richard Ferrers