Views

Our views on all aspects of Innovation

How to innovate profitably

How to innovate profitably

Peter Drucker once said that business has only 2 functions: innovation and marketing.  The logic makes sense: R&D teams create the products and Marketing defines the value proposition to distribute them at a profit. BUT as everyone knows most products either flop...

Why innovate your business model?

Why innovate your business model?

Product innovation is what everyone talks about.  Products are visual and often physical.  Products are used and the users can experience the benefits of using them.  Business owners spend a lot of time and money developing products.  This is natural.  There is no...

Innovation for young and old

Innovation for young and old

Older entrepreneurs are more likely to succeed Many studies have tried to correlate an entrepreneur’s age to start-up success. The facts are revealing. According to HBR (2018) the average entrepreneur is 42 years old when they launch their start-up. I In 2015, George...

Good ideas come from where?

Good ideas come from where?

There is a lot of half science about where good ideas come from and how they mature.  Sometimes it is just a hunch, sometimes serendipity or a chance conversation or a cold shower.  Sometimes it is sheer persistence and perseverance in the face of objection and the...

Manufacturers urged to lift their game through digitisation

Manufacturers urged to lift their game through digitisation

David Chuter is CEO of the Innovative Manufacturing Cooperative Research Centre (IMCRC).  The IMCRC provides matched funding from the Commonwealth to support industry-led university collaboration to develop advanced manufacturing projects.  David’s team recently...

Does Government investment in Innovation make a difference?

Does Government investment in Innovation make a difference?

This question should be easily answered on many levels because it is capable of a binary yes/no answer through transparent measurement and data. A University or research institute should be able to evidence and benchmark the value of Government funding support, its...

Business innovation and why it is worth supporting

Business innovation and why it is worth supporting

The Office of Innovation & Science Australia (OISA) released a Report in January 2020, titled Australian Business Investment in Innovation: levels, trends, and drivers.  Although there is not much that is new in this Report, it provides enough insight to lay a few...

Ditching the R&D Intensity Test

Ditching the R&D Intensity Test

The Senate Economics Committee will deliver its Report into the Morrison Government’s proposed changes to the R&D Tax Incentive (RDTI) in August 2020.  A key aspect of this Report will relate to the proposed R&D intensity test for companies with >$20M...

Reforming support for manufacturing

Reforming support for manufacturing

How should Government support the advanced manufacturing sector after COVID-19?  Manufacturing in Japan, South Korea, Singapore, Taipei and mainland China have always profited from State sponsorship of key industries.  Germany, France and the EC have followed the same...

Reshoring manufacturing

Reshoring manufacturing

As part of its record economic stimulus package released in April 2020, the Japanese Government announced a ¥220Bn (USD$2Bn) for Japanese manufacturers to reshore production from China to Japan arising from supply chain disruption caused by Covid-19, including ¥23.5Bn...

Preparing for COVID 19 Stimulus 3

Preparing for COVID 19 Stimulus 3

Keeping people in jobs and trades with higher skills and keeping them productive is the key to social and economic harmony.  As the Government starts work on Stimulus 3, there are a few things to consider: Economic nationalism (or regionalism) is a new norm Brand...

The agile innovator eats crises for breakfast

The agile innovator eats crises for breakfast

Amid the lock downs, self-isolation, ventilator shortages, and empty supermarket shelves that is the fear fodder for the media herd, the innovative business sees things differently. The agile innovator is taking stock of what is happening, how their business is...