Invention: To originate a product as by ingenuity.
Australians have shown themselves to have been great inventors, the tyranny of distance has demanded creative solutions to many challenges.
Sadly, we have seen so many great Australian inventions vanish overseas.
Wouldn't it be great if we, could develop these inventions here so that we could profit from our ingenuity?
What makes “not-invented-here” (NIH) products more attractive than Australian designed and built?
Challenges that all Inventors encounter every day.
“Contempt-before-investigation”, usually by a “learned” professor casually browsing the Inventor's cv, before making any attempt to understand the possibility.
Inventors by nature are optimistic, having a great belief in themselves and their invention.
Inventors are visionaries, they can see in their imagination things that others cannot (it is a gift to be encouraged and nurtured, rather than scorned).
Inventors “live-in-the-question”, “What if it can be done?” “What would it take for it to become a reality?”
Inventors don't recognise the word “impossible”, They say, “We just haven't found away to do it just yet.”
Inventors are usually “self-funded”. They need money to bring their inventions out of the garage to commercialisation. This is a huge “chasm” that needs to be crossed. This is the primary reason that Australian Inventions move offshore.
Where are the Australian Investment Bankers courageous enough to introduce innovative funding to overcome this “chasm”?
There are few innovation Centres in this Country, ALL are under funded.
Venture Capitalists will not look at Projects in the pre-commercialisation phase.
Angel Investors in Australia are few and far between, their money is only accessible via small tight-knit networks.
With the current Global Financial crisis, climate change, and increasing atmospheric CO
2
levels, today Australia needs more inventors to overcome these challenges.
Article by Keith Ralfs - Director PBL
Engineer,
Social Entrepreneur & Inventor operates his company Austral Oceanic
Services Pty Ltd, an International Maritime Engineering & Naval
Architecture Consultancy founded in 1986 from offices in Warriewood
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