Policy Hack with Wyatt Roy
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Wyatt Roy MPAssistant Minister for Innovation
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Take a look at the Swinburne... Four Target Areas for Scaling Innovation
Note “Innovation = Ideas + Implementation”
(1) T... The need for rigorous applied research on critical Digital-Technology policy questions
The Pearce... Superannuation Investment in New Industries
Many have indicated that it would be advantageous if st... Support should be given to establishing innovation districts in which a broad cross-section of publi... Market Research should be given the same status as Technical Research in the R&D tax incentive.
b... Impose supervisory costs on large complex businesses commensurate with the cost burden they cause fo... Australia's super funds are the obvious place to look for additional capital for the startup sector ... We need an SBIR/STTR-like scheme (https://www.sbir.gov/). It's been around since Reagan, and has ju... Governments fund science and research because it produces the technological innovations and advancem... Open up the market in IP and provide more support for pre-commercialisation technology releases
I... The start-up ecosystem forms just one of four key stakeholders in ICT Innovation in Australia, and t... Extend the successful Superstream B2B Messaging System to all industries; force them all online and ... To help ensure startups access good broadband speeds: Consider collaborating with industry to create... Give Tax credits to Australian domiciled Companies that use Companies domiciled (and paying corporat... Youth Education - stimulating awareness of scientific and engineering successes.
A series of short,... Innovation Funding. A Central Government Bank lending unsecured funds.
1. Lend with no... Overhaul Australia's base load electricity generators, replacing ageing and inefficient plan with su... Encouraging superannuation funds to invest VC funds.
With over $AUD 2 trilliion in funds under m... The National Curriculum is a unique opportunity to get stakeholders sharing and learning from one an... Unleash the IP portfolio of Australia's research bodies
"Very smart engineers, business people an... When we consider the variety of our natural resources and our highly educated population. Australia ... St. Edmund’s located in Sydney is a high school catering for students with intellectual disability... Make it easier for super funds to invest in startups indirectly via VC firms. So much capital is loc... There is need for a national strategic framework around bridging skills gaps and accessing the right... Apply a commercial product development approach to publicly funded research.
1. Where a research pr... Minister, might I suggest that you consider leading an industry delegation to visit the Consumer Ele... 'Dad, why are all inventors men? this is the question my daughter asked me late last year. As a prod... Let's launch a national home energy retrofit campaign to help households across Australia reduce the... Let's turn our innovative thinking to let young people BUILD THEIR OWN HOMES. It should take six mon... Not a complete policy however yesterday I read about how Electric Skateboards are illegal in Perth. ... The startup community is very noisy but does not always represent the (largely) silent majority of t... Research collaboration is a dimension in which Australia is an identified laggard. We are also low i... The need and the challenge for this Policy Hack is to create a real outcome. This will also be chall... The future of work is changing rapidly. This is a reality that governments, industries and communiti... Minister, might I suggest please that Australia learns from the experience of other countries, parti... Act fast: this is a race and Australia is losing badly.
Other countries have shown the way, no need... Here's a pamphlet I prepared earlier, to get started: http://thatstartupshow.tv/v2/wp-content/upload... The need and the challenge for this Policy Hack is to create a real outcome. This will also be chall... Get governments committing a portion of their annual budgets to purchase goods and services from sta... Rotate suggestions on the front page of the Policy Hack - otherwise only those that jumped in first ... Make Entrepreneurship a viable option for the Disabled with subsidised Mentoring and networking tail... Establishment of a Federal Innovation Technology Infrastructure fund for the purpose of assisting wi... Let's help Australia lead the way in creating a network of affordable, sustainable housing, by fundi... Set up a summit on Alzheimer's Disease bringing together researchers, clinicians, patient groups and... Establish an Open Source Software Hub
Governments around the world are reaping enormous savings f... Rotate suggestions on the front page of the Policy Hack - otherwise only those that jumped in first ... Australia can provide on-line, blended and face-to-face courses to local and international students ... Now is a great time for Australia’s school education sector to be recognised as a contributor to i... Innovation - the Capital Conundrum
We believe there is large potential for Australian life science ... VISION: SMEs are champions in making innovation a centrepiece of the Australian economy.
SMEs have ... Value proposition – As Global organizations such as Google, Facebook, Netflix, Uber, Instagram, Am... Industry - Research Engagement and Collaboration.
We need an independent platform that offers valu... A nice start would just be to reinstate the lost funding for the CRC (Cooperative Research Centre) a... In simple terms fast Internet, free Wifi, access to bicycle, scooter, something with wheels for ... China is Australia's largest trading partner, eclipsing our second and third largest trading partner... We are Perth based BioTech company, developed a product which is unique in the world. Invested near... VERTICALLY INTEGRATED BIOTECHNOLOGY AGRIBUSINESS:
One of the more innovative scientific growth busi... National Technology Acceleration Program. National Business Incubation facilities with State nodes ... Allow licensed ADI's to provide a sub license to Fin Tech start Up's.
Fintech start-ups are restri... INNOVATION IS NOT A ZERO SUM GAME! IT’S AN ABSOLUTE GROWTH ENABLER
Innovation until now has been ... Employee share option schemes should be encouraged - legal reform is required to make this happen. E... The R&D Tax credit system should be retained but only made available to companies
"mentors" and others w... Tax reform is recommended as the key to support innovation, especially in biotechnology, which has t... Thesis by startup. Let's gets students studying and building businesses at the same time. Use HECS t... Allow licensed ADI's to provide a sub license to Fin Tech start Up's.
Fintech start-ups are restri... We need a government that thinks innovatively about policy. It is through stretch targets in all asp... Government funding needs to support startups, not the myriad of "advisers",
"mentors" and others w... Working with young entrepreneurs Innovation is not about starting a new company or creating a new App. Its a state of mind and attitu... Australian innovation and invention is world class, but it is let down by a number of factors:-
1... Reframe your policy hack into a useful format. This means segmenting what you're trying to achieve i... The health industry represents the biggest waste of tax payers money in western society. 30% - 40% o... In 1993/4 I began to develop the concept of the first Merchant Link based on arbitrage between NSW... Natural disasters (floods, bushfires) are on the increase with climate change. How can we develop ef... Active participation in and support for open source software
The Commonwealth Government's Policy... I think we need to stop thinking about patents as "Intellectual Property", and recognise them for wh... There is a strong imperative for existing industry to become more innovative, and yet most of our in... Firstly, the Government needs a robust strategy that is inclusive of all forms of technology and sta... Hi Wyatt
I met you at the On Market launch but will be unable to attend the 'hack' this weekend.
... We can also implement a schools entrepreneur program that costs the govt nothing and provides real w... Provide free public Wi-Fi in large regional centres and towns Set up a suggestion box for new industry sectors that could generate $500m exports. Select top ten i... Changes to law to better support Social-Entrepreneurship, including changes to the corporations act ... Goverment needs a policy to get our academics to become entrepreneurs Government needs to have a policy to support startups with their procurement. That is to acquire ser... As I said in my AFR article last week, Australia needs to have policy settings to make Australia a ... So many ideas that cannot be converted to IP due to a lack of early seed funding - companies need ea... Refocus the designated growth centres on industries of the future, by including information technolo... There is a big gap between academia and the start up world. Many PhD students get access to: * acade... This is to propose using mobile learning techniques (m-learning) to improve the delivery of on-line ... Incentivise our research agencies to transfer knowledge to our SMEs and collaborate with them in sol... Incentivise our research agencies to transfer knowledge to our SMEs and collaborate with them in sol... Rather than focusing on IT start ups and yet more government subsidies and schemes we should be work... Give Accelerating Commercialisation/ Commercialisation Australia independence from the bureaucracy a... Universities should stick to the knitting and focus on teaching and research. When dealing in their... The current DIIS programme has a bias to all things not ICT, with the focusses on business in the ... What about allocating a certain percentage of budget revenue to be spent on "divisive policies" such... http://www.overseas.nus.edu.sg/programmes/full-year-programmes/silicon-valley/silicon-valley/curricu... MS-SING INACTION. Where are the Women in the Innovation Policy? Exempt start ups from the ATO's employee share scheme rules.
Currently start ups can't offer peop... Create a Special Economic Zone in SEQ Queensland to match the Taxation conditions of Singapore & Ire... If Australia is to use science successfully to drive forward its economy and quality of life we must... A more suitable NEIS scheme for those who left a job to pursue a business that has market validation... The BEC Centres are amazing and the mentors are great but it needs to be transformed into the 21st c... Am I the only one who’s tired of policy makers happy to claim ‘full employment’ across Austral... Creative Hub, which I named it that way, it is a physical place where ideas meet here, where the peo... Actively promote, Invest and fund Australian Startups in machine learning, AI and data driven Innova... The vocational education sector must play a crucial role in skilling Australians for the future econ... Build a Community for coders and designers to collaborate on software and application development an... A 'transition allowance' for people who've left a full time paid employment situation to start their... Make it easier for Small Ventures (Small businesses and Startups) t grow. The regulatory burdens fo... Speed Camera Lottery: Capture everyone's license plate at every speed camera. Reward one driver per ... As a base idea, I would provide HECS-like funding for startups. Let young people pool their HECS-equ... Innovation alone (especially in the context you are thinking Wyatt) is never going to help our commu... Innovation should be an ONGOING national discussion, not a one-off special event; I call this "the v... Wyatt,
We need to create the environment for start-ups but equally, we need to create initiatives ... Fund the design and build of tools for evidence-based medical research here in Australia.
Systema... Let's encourage and enable students to take a gap year in order to launch a startup. This would spar... So many awesome ideas here - everything from investment, women, social enterprise, financing, senior... Tap into the brightest minds in universities and research institutes to train them in translation, c... test How to get superannuation funds investing in startups? Give them an incentive to make it more attrac... It's almost impossible for small companies to compete for government work. The government spends so... test Almost half of Australia’s population are born overseas or have at least one parent born overseas.... Virtual Funding.
Just some concept ideas that need fleshing out;
1 - Provide virtual credits by ... Make @stilgherrian the national Innovation Csar. I logged this before but didnt make it for some reason.
Coinvestment strategy: Provide matching fun... I wrote this before, but it never made it to the list for some reason: Abandon payroll tax for compa... Return to Australia Incentives: Back in my research days there were prestigious fellowships offered ... Abandon payroll tax for companies under a certain revenue level or market capitalisation. Why are co... Co-investment strategy: challenge with current government subsidies and commercialisation schemes is... My idea is for government to lead the development of a social enterprise policy assisting social ent... There needs to be a forum/ body where ex senior level professionals can get together to collaborate ... The challenge is how do we expect people to start businesses if they don't get exposed to it. So man... Publicly-funded research is a smart investment, and the rate of return is generally between 20–60%... Innovation opportunity for every working Australian
Over 90% of Australians are employed in jobs... We have created what we claim to be a world first global automotive EMOTIONAL INTELLIGENCE product b... I was the innovation writer for New Zealand Trade and Entreprise for 12 years publishing several hun... Universities produce graduates for industries that are too small to take the number of graduates. Or... A truly integrated Public Private Partnership approach to an incubator/accelerator program for purpo... The Australian medical research commercialisation model requires urgent change in order to be compet... Parental leave for entrepreneurs
If women leave the workforce to start a business, they are not ent... Fund to seed Australian start-ups in priority sectors: The Federal Government should establish a fun... 'Supporting Undergraduate student-run startups after graduation.'
Many undergraduate students acr... "Friction-free access to university equipment, facilities and intellectual property"
Universities... Extension of "Enterprise Hackers" into TAFEs & Secondary schools. Establish an interdepartmental platform that breaks the silo across departments. Guided by the susta... A mindshift and culture change on the receiving side of innovation - particularly in large organisat... Innovators with public good proposals and global concepts cannot access public servants other than t... Innovative housing for elders to promote motivation for healthy active lives and engagement with wid... Use lean startup methods to expose students to the process of developing their own global-focussed t... Oxford and MIT, Boston Consulting Group, McKenzie and company Google and many other firms and indivi... Getting from possibility to probability:
Innovation unites two processes – invention and entrepre... One bright idea that could transform innovation in Australia
Australia lacks a small business ind... There is a chance to turn our biggest crises (mental health, domestic violence) into our biggest opp... Startups and entrepreneurs are sending digital labor offshore at a quickly increasing rate. We are c... What can the government do to promote innovation the best? Provide high quality infrastructure and n... Problem1: Skills shortage
This is a vicious circle problem:
Shortage of skilled technical personn... Government to fund $5k home based business grants to help online business to start up based on busin... Move negative gearing tax scheme from real estate invesrment to positive gearing investment in start... Women are under-represented in every area of the Australian Startup Eco-system including Investment ... Objective: Increase tech literacy of politicians.
How: establish a non-partisan education program a... Increase tech literacy of politicians Objective: Increase tech literacy
How: Establish a non-partisan education program at Parliament Hou... Australia has a significant amount of startup activity underway, mainly driven by the energy of succ... As some have said, encouraging government to become a purchaser from young Australian companies woul... When speaking with serial entrepreneurs and mentors in Austin USA recently, they asked specifically ... Get A Great Start.
We need to address the things that stop startups being successful in the first... Dear Wyatt
I have attached a video clip and an article submitted to the Senate Inquiry into Austr... The "1% rule". Mandate that 1% of all superannuation must be invested in venture capital. PROBLEM: A... I am an angel investor. Iterate the existing legislation in order to get equity crowd funding implemented immediately.
Ai... Implement lean startup methodology for Government policy. Create a minimum viable product, test, mea... Create a federal government advisory council, comprised of entrepreneurs and industry leaders, that ... 2014 G20 Young Entrepreneurs Alliance Communiqué
Global structural unemployment is a crisis that... A government backed co-investment fund like the New Zealand Venture Investment Fund and the Scottish... If like the Medical Research Future Fund we dedicated $1b from the Future Fund to startups and early... SOLAR POWERED AUSTRALIA.
With the impending demise of our car industry just around the corner can s... The problem: academics are valued on number of papers published and citations; this is a poor metric... The Australian grant system assumes that only universities can innovate, so they are structured arou... Women make up less than 20% of startup founders in Australia. Strong levels of diversity in the type... Focus beyond the hype - The out come is for growth in the economy and jobs. 65% of UK and US job and... Create a new model for the academic and industrial community where people can move between the secto... 1. Abolish state governments.
State governments in Australia are substantially redundant depar... 1. make it easy to raise funds
2. make it easy and not punish by tax to give equity to employees
3... Please stop the ATO absolutely hassling me re tax. I am the CEO but unpaid! So many Australians have great ideas for technology startups, yet so few of them can code. This pres... The Interior needs Rail links!
In the Interior, one day soon we will have NBN. We have many large, ... Working in the Recruitment fucntion of Technology across both the Queensland and NSW sector but livi... As a long-practiced facilitator of strategy development and planning activities, I table some though... Earth observation (EO) imagery in Australia is used for mapping and monitoring vegetation, infrastr... I have 3 ideas to contribute, two from personal experience as an ‘Innovation and Technology Counse... Australia needs an industry policy to use innovation system funding to leverage much greater expendi... Cut regulations, cut taxes, abolish industry subsidies, abolish duplicate Federal Departments like I... "Nothing breeds success like success itself. Let's bring Australian corporates - small, medium and ... While social entrepreneurship can well sit under the broader umbrella of innovation, I think we also... Free office space for high-tech startups in regional areas (or heavily subsidised). Far fewer resour... **** Basic Overhaul (from someone who's been self made in software since 19 years of age, now 42) **... Entrepreneurship is the way of the future, it diversifies our economy and allows us - as a nation - ... Pitchfest 2016
A multi-day pitchfest for Australian start-ups to pitch ideas and invest... As a 20 year old currently going through the university system and having just completed the HSC aft... I believe that the link between innovation and agriculture is the way to ensure global food security... The government holds a lot of data relating to property sales and purchase, along with details on pr... We should launch an online / mobile organisation which helps Start Up founders to check and obtain v... Much like there was a big government push to get e-health in this country where it needs to be, I wo... Grow, federate and accelerate Australia's innovation and entrepreneurship all together.
Australia ... From many years experience working in the public service I genuinely believe that we have the necess... The Australian government should be crowd-sourcing law
Various governments around the world have ... While Mumpreneurs are an emerging trend, I also think that childcare applies across the board to sta... When most people think of startups they think of Silicon Valley or maybe an inner city incubator in ... Just to record this thought (it was in a comment): How about reduction of HECS/HELP debt based on pr... An area where Australia is lagging other hubs is ready access to capital to launch innovative new id... Start with a smarter framework for the event – is this is about technology, innovation or entrepre... Dear Wyatt,
I originally wrote this as an oped but give your desire for ideas, here it is. In my v... We have a growing number of seniors in the Australian population, they are under utilized.
Young fa... Most secondary school IT teachers still only know Microsoft Visual Basic, a language that was used s... We punch above our weight in science and tech research in Australia, unfortunately, the commercial r... Solve the working casual issue for startups! It is apparent the current frameworks and organisation of power/ education are the causation of the ... It is apparent the current frameworks and organisation of power/ education are the causation of the ... There is a program running in NZ that is worth considering. It provides early seed funding for tech ... Borrow the last 5 years of my tax payments at the cash rate from Government to reduce my interest bu... Supporting the next phase after start-up where established innovative businesses have no funds for g... One of the predominant issues in politics that transcends generations is healthcare. Whilst Austral... A study from the Kaufman Foundation revealed that 52.4% of the top US startups were founded by immig... Innovation SIGs (Special Interest Groups). There seems to be a lot of focus around creating innovati... The blockchain creates both opportunities and challenges. One idea to utilise the blockchain is to c... All state schools operate with an essentially 'approved list' of IT equipment they can buy. From wha... Entrepreneurs create their own employment.
The New Enterprise Investment Scheme (NEIS) run for une... Make it easier for government departments to adopt locally built useful technologies. We (tkbt.com) ... Entrepreneurial visas that allow people to come to Australia to start their startup, pre-investment.... We need to invest further in our social enterprise sector. In the UK there are 70,000 social enterpr... Patient capital is the greatest need for startups. Allow superannuants with balances of more than $5... Make Australia the best place to start a startup & launch into the US / Asia in under 2 years:
To d... Incentives for regional businesses. We've built the NBN at great expense; let's think outside Sydne... "founders gonna found" - but not necessarily in Australia. The focus of policy needs to be on encou... Marketing of share offers under non-disclosure. The current regulations allow property to be widely... Australia does amazing R&D, yet mostly fails at commercialisation. Idea: how about a US-style SBIR/c... Create a platform similar to Challenge.gov in the US - where government agencies crowdsource creativ... Entrepreneurship, business innovation, renewable energy, primary production and manufacturing are li... Universities need to be encouraged to provide direct code-level support. Writing computer programs o... We need to think about applying innovation to solving big social issues - out spend on social disadv... ESVCLP
Reduce amount from $10M to $5M and/or make easier to apply for ESVCLP.
http://www.bus... A dedicated agency, office or group for the purpose of the submission of tenders by startups, focuse... The proposal: establish a network of accredited service providers who are able to supply the product... Australians need to be safe online when using Government services.
The worlds strongest security ... Consider this an upvote for all tax/cgt related posts for the most part. Fix tax for early stage inv... Look at leveraging a NEIS style system/infrastructure to offer income support to startup businesses ... Make sure any programs around education (STEM, CS, Entrepreneurship) are delivered both sustainably ... Just to record this thought (it was in a comment): How about reduction of HECS/HELP debt based on pr... Equity Crowdfunding
1 retain our home grown solution (given it was the first) but consider other c... Innovation and new technology are completely separate things. Innovation could be seen as identifyin... Australia needs more tech entrepreneurs. Based on PwC's Startup Economy study we will need 43,000 st... Create a pool of tide-over projects for contract workers in innovative technology industries to brin... 50% of businesses fail in the first three years. Help for “Start-ups” shouldn’t just focus on... Release the intellectual property siloed in Australian schools by building a collaboration platform ... The Start Society already has a comprehensive policy board collected from industry participants (not... Entrepreneurship education includes learning technical skills (e.g. book-keeping), soft skills (entr... Create caretaker leases to allow unoccupied commercial spaces to be used as co-working spaces.
De... Universities need to cross pollinate their working commercialisation and startup programs. I know of... Seed Funding should be a key strategy for lifting Tech Startup activity. I already see a few more sp... 'Consider the start-up' for government agency procurement.
Govt spending is over 35% of Australi... Most Seed Stage Start-up raises are under $500k.
Not the ones that will be the "next Facebook"
All... Undertake a pro-active (Government funded, but guided by start-up pain points) review of all major r... Enable a percentage of superannuation to be allocated to start-ups and entrepreneurial investment op... Government should provide 1 accountant, 1 commercial/IP lawyer, 1 Business Development Manager, 1 IT... In my experience, one of the biggest pain points in growing a startup is in hiring and recruitment, ... Government should enter into private/public partnerships in the provision of free co-working spaces ... Match private funding to enhance the work of many successful existing activities including accelerat... Encourage utilisation of capital by allowing early employees with share options to sell their unlist... An often-quoted stat is that roughly 1 in 20 Australian startups survive to make a return on investm... The current EIP program provides a funding grant to startups which are unable to raise capital in th... High net worth individuals who invest in seed or “angel” rounds are typically called Angel Inves... Make unused federal government office space available as free co-working spaces for start-ups and en...
2 years ago
Australian innovation and invention is world class, but it is let down by a number of factors:-
1. Lack of management understanding of the commercialisation process
2. Lack of funding and advisory support to help with innovation development
3. Risk adverse industry that find it difficult to accept new innovations (unless its come from the USA)
4. Startups and SME's not willing to partner with each other to create an integrated solution. Most go out of their way to compete for the crumbs when the whole meal is on the table and available if only they had the courage.
The problem we nee...
2 years ago
Incentives for regional businesses. We've built the NBN at great expense; let's think outside Sydney and Melbourne. How can we make Wagga, Albury, Shep etc attractive?
2 years ago
High net worth individuals who invest in seed or “angel” rounds are typically called Angel Investors as they provide advice, connections and other resources in addition to their capital investment. Currently there is no incentive for angels to deploy their capital in to this asset class, and there is no mechanism to support them should the startup fail.
In the UK, the Enterprise Investment Scheme provides a 30% tax offset of Angel investment in early stage venture and provides the remaining 70% as a tax deduction should the venture fail. This is one of the leading contributors to the increase i...
2 years ago
Cut regulations, cut taxes, abolish industry subsidies, abolish duplicate Federal Departments like Industry, Health and Education, abolish the crime of having a job known as the "minimum wage", and just generally stop doing things that prevent people from working together to make their own lives and others better.
It's not that hard Wyatt, you don't need a national workshop. Just get on with it.
2 years ago
If Australia is to use science successfully to drive forward its economy and quality of life we must, as a nation, become much more adept at the science of complex systems (e.g., the human body, the Murray Darling basin system, integrated agriculture, national water systems particularly groundwater, mineral systems and how to explore for them in the covered areas of Australia).
Unfortunately our policy settings, and therefore our funding mechanisms, do not facilitate the effective undertaking and implementation of complex-system science. Given the inherent scientific capability that exists in Austra...
2 years ago
We punch above our weight in science and tech research in Australia, unfortunately, the commercial returns from this great work have historically been poor. We need to build a system like the Innovation Corps run by the National Science Foundation in the US that works with researchers using lean startup methods to support more successful commercialisation. There are pockets of expertise in doing this sort of thing, but it mostly sits in accelerators that treat this as proprietary knowledge, so it doesn't spread very far. If we run it centrally, with delivery hubs around the country as the NSF does, ...
2 years ago
In my experience, one of the biggest pain points in growing a startup is in hiring and recruitment, which stems from issues in education. There are not very many students studying courses which teach them how to code. Those that do, and are good, get snapped up very quickly by the highest bidder (often a Silicon Valley behemoth). Encouraging more students to study technology related degrees is a good idea for many reasons. Making the local job market more enticing for these students, and especially the job market within growing startups, is a great way to get them actively involved in innovation from...
2 years ago
Entrepreneurship education includes learning technical skills (e.g. book-keeping), soft skills (entrepreneurial mindset), and the business life-cycle (e.g. concept development).
Embedding entrepreneurship studies in high school and tertiary education will give young Australians the skills and confidence required to launch a business.
2 years ago
As a 20 year old currently going through the university system and having just completed the HSC after 12 years of schooling, there are only two things that stand out to me: that I still see no value in 90% of the content that I learnt at school, and that despite this, according to the ATAR system, I am apparently smarter than 90% of the students my age. What do I have to show for it? A basic understanding and a will to address the world’s problems, but absolutely no confidence in my ability to do so.
The single thing that sets humanity apart from every other species in the animal kingdom is ou...
2 years ago
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 innovati...