{"id":7439,"date":"2016-01-18T07:13:13","date_gmt":"2016-01-18T07:13:13","guid":{"rendered":"https:\/\/sidewaysthoughts.com\/blog\/?p=7439"},"modified":"2021-01-15T09:09:39","modified_gmt":"2021-01-15T09:09:39","slug":"the-national-science-and-innovation-agenda-who-benefits","status":"publish","type":"post","link":"https:\/\/sidewaysthoughts.com\/blog\/2016\/01\/the-national-science-and-innovation-agenda-who-benefits\/","title":{"rendered":"The National Science and Innovation Agenda: Who benefits"},"content":{"rendered":"<p>The Australian Federal Government recently announced a $1 billion investment into innovation over the next three years. The vehicle for this investment is the <a href=\"http:\/\/www.innovation.gov.au\/page\/agenda\" target=\"_blank\" rel=\"noopener\">National Science and Innovation Agenda<\/a>, which outlines over\u00a024 initiatives grouped into four categories: Culture and capital; Collaboration; Talent and skills; and Government as an exemplar.<\/p>\n<p>At one of the government\u2019s <a href=\"http:\/\/www.innovation.gov.au\/sites\/backup.sp2015\/files\/Nisa_roadshow_2016.pdf\" target=\"_blank\" rel=\"noopener\">road show events about the Agenda<\/a>, questions from the audience came from each individual\u2019s perspective:<\/p>\n<ul>\n<li>\u201cAs someone involved in accelerators and incubators, how far will the accelerator and incubator initiative go over three years?\u201d<\/li>\n<li>\u201cAs a start-up, what programs are for me?\u201d<\/li>\n<li>\u201cAs a start-up courting investors, when will the investor programs kick in?\u201d<\/li>\n<li>\u201cHow will this benefit regional Australia?\u201d<\/li>\n<li>\u201cHow will this benefit Aboriginal and Torres Strait Islander communities?\u201d<\/li>\n<li>\u201cAs a business operating in Queensland, how does this align with state-based innovation funding programs?\u201d<\/li>\n<li>\u201cAs a social entrepreneur, how will this focus on social enterprise?\u201d<\/li>\n<\/ul>\n<p>Some of these questions are important to address in the short term, as the announcement of future investment tax relief can have an impact on current investment decisions. Other questions are going to be defined in the lead-up to the implementation of most of the initiatives around June 2016.<\/p>\n<h2>Two considerations<\/h2>\n<p>Two thoughts came to mind as I reflect on the questions and the broad impact of the Agenda.<\/p>\n<p><a href=\"https:\/\/sidewaysthoughts.com\/blog\/2015\/08\/a-map-of-the-open-innovation-ecosystem\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7300 size-medium\" src=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2015\/08\/InnovationEcosystem-710x663.jpg\" alt=\"The Innovation Ecosystem\" width=\"710\" height=\"663\" srcset=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2015\/08\/InnovationEcosystem-710x663.jpg 710w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2015\/08\/InnovationEcosystem-300x280.jpg 300w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2015\/08\/InnovationEcosystem.jpg 940w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/a><\/p>\n<p>The first thought is that addressing innovation on federal, state and local levels requires a multi-faceted approach. Each individual in the \u201cecosystem\u201d can see the world through their own lens and could understandably ask \u201cWhat\u2019s in it for me?\u201d\u00a0 The <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2015\/08\/a-map-of-the-open-innovation-ecosystem\/\" target=\"_blank\" rel=\"noopener\">innovation ecosystem<\/a>\u00a0is diverse and involves multiple relationships not bound by traditional contractual agreements. This lends itself to a <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2016\/01\/innovation-and-community-development-principles\/\" target=\"_blank\" rel=\"noopener\">holistic community development approach<\/a>\u00a0that leverages strengths and addresses challenges in multiple areas and at many levels.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7440 size-medium\" src=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/2542961046_ea27fc68fc_b-710x533.jpg\" alt=\"Tall Poppy\" width=\"710\" height=\"533\" srcset=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/2542961046_ea27fc68fc_b-710x533.jpg 710w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/2542961046_ea27fc68fc_b-768x576.jpg 768w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/2542961046_ea27fc68fc_b.jpg 1024w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/2542961046_ea27fc68fc_b-300x225.jpg 300w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/p>\n<p>The second thought is that <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2016\/01\/innovation-adoption-and-beliefs-that-hold-us-back\/\" target=\"_blank\" rel=\"noopener\">our response to proposed innovation programs matters<\/a>.\u00a0 Australian culture is an innovation paradox.\u00a0 On the one hand, we have an ethos of \u201cjust give it a go\u201d, \u201cno worries\u201d, and \u201cshe\u2019ll be right, mate\u201d. On the other hand, Australian culture can reflect a \u201ctall-poppy syndrome\u201d that cuts down those who are perceived as being more successful than they deserve to be. This has been noted as an innovation inhibitor in recent years by <a href=\"http:\/\/mumbrella.com.au\/deloitte-cmo-australias-tall-poppy-syndrome-holds-back-innovation-207416\" target=\"_blank\" rel=\"noopener\">Deloitte and Telstra marketing executives<\/a>, <a href=\"http:\/\/www.abc.net.au\/news\/2015-03-10\/agronomist-farmer-agriculture-culture-change-learning\/6293448\" target=\"_blank\" rel=\"noopener\">observed in farmers<\/a>, and noted by <a href=\"http:\/\/www.businessinsider.com.au\/wyatt-roy-australia-needs-to-ditch-the-tall-poppy-syndrome-2015-11\" target=\"_blank\" rel=\"noopener\">federal ministers driving the national innovation agenda<\/a>.<\/p>\n<blockquote><p>Being against someone else\u2019s success is not an effective pathway to finding success for ourselves.<\/p><\/blockquote>\n<p>We will experience both hype and substance of innovation in the upcoming year. The emerging public and private sector opportunities are exciting. As these opportunities come up, we can consider:<\/p>\n<ul>\n<li>Where we sit in the ecosystem,<\/li>\n<li>Who the initiatives apply to, and<\/li>\n<li>How those in our community can take advantage of the opportunity.<\/li>\n<\/ul>\n<p>Even if we are in a position to not benefit directly, we can benefit indirectly with the success of those in our business and local community.<\/p>\n<h2>Who\u00a0benefits<\/h2>\n<p>With this in mind and considering the diverse perspectives in the room, I reviewed the Agenda in terms of who might benefit from the initiatives. There are some great resources already relating to the program, including the <a href=\"http:\/\/www.innovation.gov.au\/page\/agenda\" target=\"_blank\" rel=\"noopener\">government\u2019s own site\u00a0with itemised fact sheets, <\/a>start up accelerator <a href=\"https:\/\/www.bluechilli.com\/blog\/ideasboom-innovation-culture\/\" target=\"_blank\" rel=\"noopener\">BlueChilli\u00a0in a post that outlines the initiatives by development stage<\/a>, tax specialists <a href=\"http:\/\/www.tcf.net.au\/exciting-times-loom-ahead-for-tech-founders-innovators-and-inventors-new-policy-settings-for-australian-innovation-stakeholders\/\" target=\"_blank\" rel=\"noopener\">TCF\u00a0with a focus on R&amp;D tax impact<\/a>, and <a href=\"https:\/\/pwc.docalytics.com\/v\/innovation-statement\" target=\"_blank\" rel=\"noopener\">a perspective from consultancy PwC<\/a>.<\/p>\n<p>I need to apply the usual caveat about the information below not being exhaustive. I fully expect there are connections I have not identified. This is the intent of the conversation, to allow the market to interact with the opportunities and identify for themselves how they might apply. My goal is to simply provide something that can help with that conversation.<\/p>\n<p><em><strong>Update:\u00a0<\/strong><\/em>The original image showed bigger circles for recipients based on the number of initiatives that apply to them. Some thought the size reflected the amount of investment from the Agenda. The image has been updated accordingly.<\/p>\n<p><a href=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2.jpg\" rel=\"attachment wp-att-7447\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-7447\" src=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2-710x527.jpg\" alt=\"National Innovation and Science Agenda_Image2\" width=\"710\" height=\"527\" srcset=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2-710x527.jpg 710w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2-768x570.jpg 768w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2-1024x761.jpg 1024w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2-300x223.jpg 300w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Image2.jpg 1847w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>And for those less picture-orientated:<\/p>\n<p><a href=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table.jpg\" rel=\"attachment wp-att-7442\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-7442\" src=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table-710x422.jpg\" alt=\"National Innovation and Science Agenda\" width=\"710\" height=\"422\" srcset=\"https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table-710x422.jpg 710w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table-768x456.jpg 768w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table-1024x608.jpg 1024w, https:\/\/sidewaysthoughts.com\/blog\/wp-content\/uploads\/2016\/01\/National-Innovation-and-Science-Agenda_Table-300x178.jpg 300w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/a><\/p>\n<p>Overall, the initiatives appear to be designed to reduce risk, access capital, encourage collaboration, and improve efficiency and effectiveness of the innovation process.<\/p>\n<h3><strong>Business and industry<\/strong><\/h3>\n<p>\u201cBusiness and industry\u201d is perhaps too broad a category, as perspectives and challenges can be vastly different for a start-up, established small to medium sized enterprise (SME), not for profit, social enterprises, public company, and large corporation. Overall, however, the initiatives apply to different business structures who are considering doing something new and partnering with or supplying to someone else who is.<\/p>\n<p>Some initiatives are for specific sectors, such as the biomedical and infrastructure initiatives. Other initiatives are for companies offering certain services to government, such as the digital marketplace. Still others will be for different stages of their growth pattern, such as offering employees shares or seeking new capital. A range of initiatives encourage collaboration through international, university, and government engagement.<\/p>\n<h3><strong>University and researchers<\/strong><\/h3>\n<p>The Agenda acknowledges the need to better release the knowledge developed in universities to the market through collaboration, incubation, and commercialisation. Initiatives like making the Australian Research Council\u2019s (ARC) Linkage Projects scheme continuous and the expansion of the Entrepreneurs\u2019 Programme into the Innovations Connections Programme aim to make the engagement between universities and business more efficient and effective.\u00a0 Calling out the need for improved measurement is also encouraging.<\/p>\n<p>It is also good to see an investment to reconcile the gender imbalance in current and future high value technology industries, <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2012\/09\/gender-inequality-in-australia\/\" target=\"_blank\" rel=\"noopener\">a topic I have shared thoughts on previously<\/a>.<\/p>\n<h3><strong>Investment<\/strong><\/h3>\n<p>Initiatives that directly target investors are aimed at providing tax incentives for angel investors and a new arrangement for early stage venture capital. That is not to say that investors will not be interested in outcomes from other initiatives, but these two are specifically aimed at opening up additional early-stage investment capital.<\/p>\n<h3><strong>International<\/strong><\/h3>\n<p>Cross Australia\u2019s borders with the import and export of people, product, services, and knowledge is critical to developing and executing innovation. The support for innovation through visas encourages skills being brought into Australia while the Global Innovation Strategy encourages integration globally as well as in regional Australia.<\/p>\n<h3><strong>Accelerator and Incubator<\/strong><\/h3>\n<p>The accelerator and incubator space is growing rapidly. The new form of co-working space and accelerator commercialisation curriculum continues to evolve, replacing what used to happen ad hoc through personal mentoring relationships or structured through corporate and government programs. I expect we will see further centralisation as accelerator brand names expand nationally and programs become more systematised and subscription-based. This will happen more rapidly in city centres where the higher population provides commercial incentives that make the accelerator model more self-sustaining.<\/p>\n<p>Perhaps this is why the Agenda\u2019s accelerator and incubator initiative is relatively low at $8 million over three years. My expectation would be that funding preference would be given to the development of accelerators and co-working spaces in areas with fewer commercial drivers, such as regional areas and \/ or targeted at disadvantaged segments of the community. I imagine there is also an expectation that States and local councils share in the investment in accelerators and incubators either directly to the accelerators or to provide revenue for programs run in the co-working space.<\/p>\n<h3><strong>Early education<\/strong><\/h3>\n<p>Many complex challenges in our society will take generations to address. It is encouraging to see specific investment in early education to help address tomorrow\u2019s challenges. <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2015\/10\/what-a-grade-11-student-thinks-of-your-disruptive-innovation\/\" target=\"_blank\" rel=\"noopener\">Young people see the world differently<\/a>\u00a0and the initiatives will help build their technical skills to take advantage of that perspective.<\/p>\n<p>We will increasingly have high school students graduating with a fully functioning businesses and going straight into accelerator programs as alternatives to traditional degree pathways. It will be interesting to see universities evolve and adapt based on the outcome from this investment.<\/p>\n<h3><strong>Government<\/strong><\/h3>\n<p>Part of the Agenda is an investment by government in itself in areas of structure (through the establishment of Science and Innovation Australia) and systems (with the Public Data Strategy). This is encouraging, as government needs to be agile, efficient and effective if it is to fulfil its role as facilitator of the market. No one wins if the government falls behind. The key is to ensure the drivers are in the right place to find the balance between leading and competing, as we see in initiatives that create clear commercialisation pathways from government funded research.<\/p>\n<h3><strong>Specialist organisations<\/strong><\/h3>\n<p>Other recipients from the Agenda are specialist organisations. These include CSIRO, infrastructure organisations, and organisations in cyber-security and quantum computing. These initiatives, along with the previously mentioned biomedical fund, are targeted at specific technologies and programs.\u00a0 While the funding is directed at these organisations, each has a wide supply chain and commercialisation path that will benefit from the Agenda\u2019s investment.<\/p>\n<h2>What happens next<\/h2>\n<p>We will hear more about the Agenda soon following the government\u2019s media campaign in the lead up to June 2016 when most of the programs start rolling out. In the interim, we can ask a few questions:<\/p>\n<ul>\n<li>What is my role in Australian innovation?;<\/li>\n<li>How can I take advantage of the innovation agenda and participate in its success?; and<\/li>\n<li>With what I have available, who can I help?<\/li>\n<\/ul>\n<p>My personal interest is in\u00a0integration with State programs such as Advance Queensland, application for schools and investments in\u00a0the next generation of entrepreneurs, and how to leverage and adapt the initiatives for regional programs and social enterprises.<\/p>\n<p>Building national innovation is a complex challenge, and I give a heartfelt Aussie \u201cgood on \u2018em\u201d for \u201cgiving it a go\u201d. I expect there are some things that may not be perfect, but I am confident we will learn and grow through the process.<\/p>\n<h6><strong>Image credit<\/strong><br \/>\nIf you&#8217;re different, you stand out 2 by Suvodeb Banerjee\u00a0<a href=\"https:\/\/flic.kr\/p\/4SHkHY\" target=\"_blank\" rel=\"noopener\">https:\/\/flic.kr\/p\/4SHkHY<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Federal Government recently announced a $1 billion investment into innovation over the next three years. The vehicle for this investment is the National&#8230; <a href=\"https:\/\/sidewaysthoughts.com\/blog\/2016\/01\/the-national-science-and-innovation-agenda-who-benefits\/\" class=\"bwp-excerpt-more-link\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"yes","cybocfi_hide_featured_image":"","footnotes":""},"categories":[193],"tags":[71,206],"ecosystem_role":[],"class_list":["post-7439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about-innovation-ecosystems","tag-innovation","tag-investment-and-funding","bwp-masonry-item","bwp-col-3"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/posts\/7439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/comments?post=7439"}],"version-history":[{"count":5,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/posts\/7439\/revisions"}],"predecessor-version":[{"id":7587,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/posts\/7439\/revisions\/7587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/media\/7447"}],"wp:attachment":[{"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/media?parent=7439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/categories?post=7439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/tags?post=7439"},{"taxonomy":"ecosystem_role","embeddable":true,"href":"https:\/\/sidewaysthoughts.com\/blog\/wp-json\/wp\/v2\/ecosystem_role?post=7439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}