Australian Governments have realised the importance of promoting innovation as a means of ensuring the continued quality of life experienced by Australians. Both major political parties are committed to funding innovation. The Australian Academy of Technological Science and Engineering shares these views and many of its members have successfully commercialised their inventions.
As part of its contribution to Australia’s future, this Workshop was held. Six successful entrepreneurs spoke on the process of commercialising their technology. This was supplemented by a with financial speaker and introduced by the Chief Scientist, an Academy member. The common themes and shortcomings in commercialising innovation in Australia at present are identified.