Australian innovation and invention is world class, but it's exploitation is let down by a number of factors:-
- Lack of management understanding of the commercialisation process.
- Lack of funding and advisory support to help with innovation development.
- Risk adverse industry that finds it difficult to accept new innovations.
- Startups and SME's not willing to partner with each other to create an integrated solution.
The problem we need to fix in Australia is about having faith in our own abilities and to be proud to stand together and work together.