It started with one line: Without a culture that makes big, bold bets on new ideas, its difficult to see how Australia can move from being an idea cemetery to an idea launcher -Source Ben McNeil.
All this came from a story in the Australian 28 August 2013. The story called “Big Ideas Buried in Innovation Graveyard”. It touched a nerve because as is the case of so much excellent ideas we generate in Australia, there is so little support for the commercialisation of the ideas. But, wait there is more! – We do not care about the innovation. What you say, don’t care. It is true – think about this line: Commercialisation Australia doesn’t support the company but the Commercialisation of the technology. Where does this leave the innovator? Up the creek without a paddle – your ideas can be superb, you business case well founded: But the graveyard – the valley of death for your invention is that place you go to because you cannot find support in our country, the country an with excellence for invention and a fail for innovation efficiency. In short we force our good ideas offshore if we want success as a company. The idea leaders cannot be rewarded for helping our industry to be part of our country.
If you doubt this, then this is what Ian Chubb, Australian Chief Scientist, said in the 28 August article: “Australia ranks 107th out of 141 nations in innovation efficiency”
In a ‘real’ world example: You ask please help me protect my IP, I need help because I have a lot of interest in my product after considerable R&D. What I do not have is the confidence of my buyers to outlay the dollars to place an order. When I place an application for help to move on my trade secrets, I am then faced with a number of questions that directly relate to my IP. Then the ridiculous come to light – the question: Why don’t you fund your own IP Protection? The answer creates a circular argument along the lines of a song from Harry Bellefonte some years ago: There is a hole in my bucket and it goes on rhyme well fix it to the point where to fix it requires the bucket to carry water – but there is a hole in my bucket. Unfortunately that pretty well sums up the Australia attitude of support for our ideas.
If it were to change would the Small man with big ideas be treated better? Actually, in another perverse twist it is a tendency of this country to promote institutions with generous awards of cash and incentives. We can only suspect that is because it is a highly visible way to make big numbers look ‘real’ big deals. The short-term photo opportunity is seen a tick in the outcome box, yet often proves a less than optimum result.
The risk of failure will still be a major problem for the small innovator, even if they have the big bold new ideas that could drive our nation into prosperity and diversity of our GDP collection points. Because your ideas could not be protected while you seek markets, you fail you cannot protect your secrets – your ideas are ‘stolen’ and you will not attract investment.
CO2Land org noted that recently the Prime Minister announced the think small concept – what did he really mean?