Finding and filling the gaps in the Australian governments' innovation and entrepreneurship support spectra
Yencken, John and Hindle, Kevin 2005, Finding and filling the gaps in the Australian governments' innovation and entrepreneurship support spectra, in AGSE 2005 : Regional frontiers of entrepreneurship research 2005 : Complilation of papers of the second AGSE International Entrepreneurship Research Exchange, Australian Graduate School of Entrepreneurship, Swinburne University of Technology, Hawthorn, Vic., pp. 1-23.
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A national innovation system is concerned with the full process of converting new knowledge into commercially viable results. Governments are policy-active in trying to create productive national innovation systems. This paper reviews ways of thinking about entrepreneurship as the commercialisation component of Australia’s innovation system. The paper explores the impact and relevance of selected existing Australian Commonwealth, and to a lesser extent State government, programs for the commercialisation channels so identified, using four frameworks for the analysis: financial, management/start-up, innovation and entrepreneurial. The analysis indicates program initiatives covering the later development and commercialization phases, but serious gaps in the support available for the entrepreneurship phase involving the act of new entry. This gap is covered by research provider business development people and to a limited extent by incubator and State government initiatives. A critical issue has been and is access to smaller amounts of seed finance. The critical human component is the education of public servants and politicians about the nature and operation of entrepreneurship.
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