Commercialisation Australia is an ingenuity of the Australian Government. It is a competitive, merit-based support program offering funding and resources to fast-track the business building process for Australian companies, researchers, entrepreneurs, and inventors looking to commercialise innovative intellectual property.
Like most government initiatives though, that aimed at funding and helping out entrepreneurs with taxes and other ways to support businesses, they have been criticized for not doing enough.
“The present funds that are available for companies are hard to get and are not very much. If you put the same effort into other areas of business, you’ll probably do better, and I think that’s the problem with the current Commercialisation Australia,” David Skellern said in an event in Sydney, which is the SlatteryIT’s Tech Connect 2013. Skellern is the founder of Radiata, and a former CEO of NICTA.
Chris Beare, former Radiata CEO also said, “The amount of time and effort it takes a small company to cope with government requests, including applying for government grants, is horrendous,”
Doron Ben-Meir, CEO of Commercialisation Australia also spoke during that day as a panel member and said “We don’t say, ‘You haven’t got enough ducks in a row. Haha, go away!’ — we help people. The whole point of the case manager role is to give people useful, constructive advice — take it or leave it — but useful, constructive advice, and people make of it what they will.”
Ben-Meir further suggests that if proposal were turned down, it’s not the end. What he suggests is to listen to constructive advice and apply it. Maybe someday, the proposition will be a lot better. [ZDNet]
Mike Loftus, an angel investor and also a mentor says that Australian entrepreneurs are selling themselves short if they don’t target America.
Loftus added, “Australia is one of the greatest test markets. It’s a way to prove that what you’re doing has value, customers will buy it, businesses will buy it. Bring that as part of your story to the next step. The next step is to come to America.”
Loftus is a mentor of a business accelerator that works with New Zealand, Australian, Asian, and even American entrepreneurs to comercialise their startups globally.
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