Wednesday 25 September 2013

Australia and Innovation

In Australia, there is concern about the lack of innovation. Instead, we are obsessed with houses, mining and sport. The media is partly to blame: we have been subjected to an election campaign for the last three years and all of the mind-numbingly boring and community degrading stuff that comes with it. This includes a bizarre obsession with demonising boat people who are looking for a better life.

However, yesterday I attended a presentation by Wholesale Investor from mostly small companies (listed and un-listed). The companies were a mixture of biotech, tech, medical, property and financial service. It was really inspiring to see some of the ideas and innovation efforts in this country.  Here are some examples:

  • Spondo/RivusTV: interface between movies and social media and video-streaming (i.e. movies). Watch a video directly from a movie facebook page, either PPV or advertisements. 
  • Skin Patrol: mobile skin cancer clinic utilising tele-dermatology technology. Provides services to companies and regional communities. 
  • Carnegie Wave Energy (CWE): submerged wave technology producing both energy and fresh water. Now going into production off the WA coast for the Navy. 
Plenty of other examples. 

It would be great to see more community awareness and encouragement of what our entrepreneurs are up to. It would be even better to see some of these companies really hit the big time and inspire a generation. 


Kristian

Disclosure: no positions in any of the above names

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