The developed world has experienced an economic and standard of living boom since WW2.  Such a period of steady growth is unparalleled in history.  Most of this growth has been driven by commercialisation of basic research and technology-led innovation. Our success has also brought challenges and threats such as population pressure, energy security, food scarcity, shrinking biodiversity, and climate change. There is no shortage of innovations that could solve these issues we face. However, the reality is that most of these innovations will never see the light of day. 

 

The world is changing as technologies mature and increasing amounts of government money are spent on R&D with no clear path to success. Some are chasing the Silicon Valley model of the 1970s - 1990s.  However, that model is no longer relevant.  

 

Venture Capital, while still an important part of any entrepreneurial ecosystem, will only help stimulate a small fraction of the needed innovation.  New models of technology commercialisation are emerging. 'Invention capital' is a model for addressing this challenge through cross-border open innovation and global capital investment.

 

 

 

 

 

 

 

 

 

Light drinks and canapés

Main foyer - John Niland Scientia Building