“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, we can improve our success rate in creating high-growth tech-based startups. By tapping into existing resources and expertise, this can be a light touch program financially, with a very large potential impact.”
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