Innovation is surprisingly Spiky!

May 9, 2009

The Innovation SpikeAs the saying goes…a picture is worth a thousand words.

Probably more to the point (excuse the pun) here it’s worth $Trillions!

Study it for a while.

Look at the spikes – IT Employment, Venture Capital,  Patents, Look at the links.

You can’t help but feel impressed. WOW!

However If you live downunder like I do, then you will feel a tad deflated. Where the hell’s our spike? Nothing, not even a little one. Not even a bud of one.

Back in 2001 I opened a multi million dollar digital production business in Bangalore. Even then, some 8 years ago  the place was zooming (Seth Godin expression) Now some years later Bangalore has a bud.

We don’t!

Now that really pisses me off as for the past decade Australia has been shelling out $Billions in R&D initiatives and innovation grants. So where’s our Facebook, Twitter, Skype, Craigslist, Google, Apple or the next big thing?

Let’s flip back a few years. When Australia was considered somewhat a leader in innovation from the Boomerang to the Victa Lawn Mower. We also gave the world other gems like the Hills Rotary Clothes Hoist and the Bionic Ear. But of more recent times it seems Australian innovation has stalled. Yes we have the CSIRO, our Innovation and Research Labs, the plethora of Government Innovation Departments, and of course, our Universities, colleges, schools, consultants and ASSOB.

Thank god we still have the ABC New Inventors show.

C’mon Australia despite our inquisitive culture we’ve become a risk adverse nation. How the hell is it be possible that an Ethiopian women living in desperate poverty can have freedom to access risk capital to start a business with no strings attached whereas smart young Aussie entrepreneurs with good business sense a great idea and passion are made to jump through hoops that would make top gymnasts do a back flip!

Some would say we’ve  lost the plot. Perhaps it’s time to do something about it. For the sake of my grandchildren I have and will continue to collaborate with others who are on a similar crusade.

Visit Start or stay tuned for more as this Innovation movement is gathering momentum and will soon reach critical mass.