Showing posts with label ausinnoivation. Show all posts
Showing posts with label ausinnoivation. Show all posts

Sunday, August 17, 2014

The difference between a startup and a small business


An article inspired by smart company - (which is in my Spark collection on #keynected ) http://keynect.me/2j

Download keynected - it's like a flipboard on steroids! 

“Startups have two important defining characteristics: Potential for high growth and disruptive innovation. Small businesses, on the other hand, lack those defining characteristics.”

– Alan Noble, head of engineering Google

“A startup isn't a business yet. It's a guess that if you build X product that Y customer will value it. When that changes from a guess to a reality, you're a business. For a new business, they already know the product is valued by customers, it's just a question of whether they can find enough of them and deliver it efficiently.”

 Mick Liubinskas, entrepreneur in residence Muru-D

“A startup is a temporary organisation that is still discovering its purpose and intends to grow very large when it finds it. A small business knows what it is and will probably stay comfortably small forever.

“For example, YouTube was a dating site in its days as a startup but discovered it needed to be a video-sharing product. When it knew this, and understood how to make money, it ceased to be a startup and began scaling. In contrast, a web development agency has a well-understood business model that can immediately be executed. But it is unlikely to be a massive business.”

– Phil Morle, CEO Pollenizer

“Startups are high-growth, high-risk ventures that set out to find a scalable business model in a large market. They almost always have a strong technology component in order to facilitate the ambitions of rapid growth. At the very beginning of a startup, it is usually unclear who the customer is and how they will obtain value from the product.

“Over time, startups have the capacity to make economic and cultural contributions that are disproportionate to their modest beginnings.”

– Scott Handsaker, co-founder Startup Victoria

Saturday, August 03, 2013

Is the 206 billion deficit the core issue in our Australian elections?

My politics are "agnostic" - I think the political system and policies of Labor and Liberal are both good.... however I am not cool with lies and deceit!

The Australian's article this morning ht a chord with me


"THE era of Kevin, interrupted by the Julia interlude, has been a roller-coaster ride. Having promised fiscal conservatism, the excuse of the global financial crisis unleashed a period of rapid growth in government spending, successive budget deficits and mounting public debt under Kevin Rudd's guidance.

Now, with Rudd's return, Labor has launched a charm offensive that seeks to whitewash the past: it is as if aliens from Mars, fortunately departed, had been in charge. But the damage of that era cannot be wiped out so easily.
Will the electorate forget Rudd's past as he seems to have done?"

... so here it goes!!

Before Australia can continue to go forward economically, we need to identify what the problem is before we can fix it...

What is that problem?

Is it Bad fiscal management?

"The Commonwealth's balance sheet has shifted from $44.8bn in net assets when Rudd took office to $161.6bn in net debt this year..... a $206b turnaround!

a shift from a budget cash surplus, averaging 0.9 per cent of gross domestic product during the Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010. "

This in itself might not be a bad thing.....has the money been used for good purpose. It is interesting to provide a score of 1 - 10 on the following questions (KPI's)
  • Has that debt resulted in an increased asset base for our country, that will lead us to sustainable growth for the future?
  • Stave off the negative effects of a worldwide GFC
  • Are the people happier, better off, worse off?
  • Has our infrastructure improved?
  • Roads, trains, bridges, education, healthcare, security, leisure time, etc?
  • Sustained benefit for the community - such as healthcare, edcation , security
  • If they spent to facilitate commercial enterprise and SMEs
    • export, 
    • r and d, 
    • innovation,
    •  infrastructure, 
    • workplace education, 
    • leadership programmes, 
If the blowout was to support something that is beneficial for the shareholders (the people) that generates revenue and sustained benefit instead of trying to kill business, they would have lots of revenue and could spend what they have.
But they seem to  just keep going back for another piece of the beheaded Golden Goose and seem to spend it on unsustainable 

 Joe Hockey's comment  "We don't have a Revenue problem, we have a spending problem." should be finished by .... "on things that are not sustainable or beneficial to the public!"

The past decade from mining has resulted in a massive revenue windfall
Increase demand of resources to china and India and massive increase in the price of steele ($30 to $130 per tonne).
What are the things we can do to make this revenue sustainable?

What did we do with this revenue? 
Did we spend it on infrastructure that would increase productivity?
 Or
Did we blow it all on tax cuts and subsidies to inefficient private services, wasteful programmes (batts, school rorts) ,public bureaucracy (increased politician wages), badly managed programmes (blowout of NBN)

What if we took  the wasteful spending out of the picture... Imagine it was never spent...however, continue to support stimulus in a sustained way.....where do you figure the budget would have been today?
Surplus or Deficit

2. Is it Bad Leadership - 
The government needs to be responsible governors and leaders

Living within your means shouldnt just apply to consumers and business... It should apply to government!

Spending capital and debt is a good thing, which can create wealth for individuals, corporates and countries.
however
The debt has to be good debt!
Debt that is used for sustained growth and benefit for the future of the country.

But they just keep going back for another slice of the beheaded Golden Goose !!

It's ok to spend from capital or debt, as long as their is a reason or a plan that this spend will ensure growth and sustained surplus where more money will come in than go out!

Core values
If management
  • stuff up
  • lie
  • don't perform
they need to be held accountable and  fired..... I have never seen a CEO that has been fired for incompetency bad management and bad leadership be returned by the board!

It seems ok to the Electorate (the shareholders) for our leaders to lie and cheat and backstab.... Just because "that's what politicians do"

This is an inditement to ourselves, the people!!  The shareholders should call a meeting to replace the board  and the returned CEO!

HERE'S THE THING!!!

Shit happens, budgets blow out, business turns around, ventures fail.... That's OK, and can be rocks that seem to be in the way, that can act as stepping stones later on! (thanks Paul :))

But if the core values and ethos is where lies and deceit and mismanagement is OK, the end of prosperity is near .....

And that is what the real issue is!

The credibility of this government is questionable. They do not have the moral authority to remain in government, nor can we vote them in based on competent leadership and governance....

Whether it was a Liberal or a Labor government.... My comment above would be the same!

THE OPPORTUNITY
Australia has the opportunity to be the shining light to the world.
We have it all
Resources, Beauty, Peace, Multiculturism, Racial and Religious tolerance,, Good people, Free press, Great Climate, Good Education, Innovative People, Strong International Relationships and a strong Moral Compass

(Just remember Kevin, we were all immigrants, many of us refugees)

Let’s use these assets to build an awesome nation with a sustainable future for ourselves, our children and our future generations...,

Let’s leave our kids an amazing legacy....

We need great leadership based on core values of truth not lies!



Wednesday, July 03, 2013

The top 100 Australian Innovations

Who says that Australia does not  'punch above its weight' as an 'innovation nation'?

Australians have come up with brilliant innovations and  have created successful products, processes and systems and people based on many of those ideas.

We are more than just a hole in the ground that exports raw materials!

Australians have developed innovations in nanotechnology,  biotechnology, information and communication technology at the cutting edge, and sustainability has become a major driver of Innovation. Mobile technology and Apps continues to change our lives, and we are still innovating in food, household, transported, health, education and leisure.

Innovation is all about trial and error, and over the years, many outstanding innovations have failed for a variety of reasons. It is the entrepreneurs that have an unwavering belief in themselves and their ideas and dreams, and persevere through incredible hardships to make their dreams a success.

We as a nation should encourage these innovator, and entrepreneurs and assist them in any way possible. Many of these innovations would not have occurred without the support of Government Programmes, start up investors (fools, family and friends),  that have enabled these innovators to survive and thrive! Let us hope that the policies of assisting innovation and entrepreneurship is encouraged over the years to come.

In the list that follows, there are some world-changing innovation stories

  • like Florey's leadership in taking penicillin from unstable product of a mould to useful life-saving antibiotic, 
  • the legendary blackbox that is in every aircraft; 
  • That much-cited icon of suburbia, the Victa lawnmower, makes the cut because it created a local industry that has thrived through continual innovation and has earned substantial export income. 
  • Other innovations, like Racecam TV sport coverage, which spawned a family of cams including stumpcam and slamcam, serve mainly to brighten up our lives. 
  • Referron - the worlds leading referral application

SO HERE ARE THE TOP 100 Innovations of the last 100 years:-

Agriculture and food

1.     Fire-stick farming
2. Boomerang
3. Australian merino
4. Ridley wheat stripper
5. Harrison's mechanical refrigeration

6. Granny Smith apple
7. Peppin merino
8. Ammonia refrigeration to freeze meat for export

9. Stump-jump plough
10. McKay stripper-harvester
11. Wolseley shearing machine
12. Federation wheat
13. McKay Sunshine header-harvester
14. Howard Rotavator rotary hoe

15. Vegemite
16. Nematodes for pest control, by CSIRO
17. Nogall pest control for fruit trees and roses
18. Pink Lady apple





Communication and IT



1. Pre-paid postage

2. Secret ballot, introduced in Victoria in 1856

3. Automatic totalisator
4. School of the Air


5. Mountbatten Brailler

6. Eddie special effects software
7. Ericsson's phone queuing system
8. Passport security
9. WiFi, a spin-off from CSIRO's radio-astronomy research
10. GiFi, NICTA's gigabit wireless chip
11. Jira, collaborative workplace software by Atlassian
12. Imceda – compression algorithms to sequel servers
13. Referron – referral social network system

Energy and environment



1. Goldfields Water Supply Scheme

2. Cactoblastis moth for biological control of prickly pear

3. Snowy Mountains Scheme

4. Flat plate solar hot water system
5. Rib Loc pipes
6. Clean Up Australia (and the World)
7. Buried contact solar cell
8. Orbital Combustion Process engine
9. Evacuated tube solar hot water system
10. Cap-XX capacitors to power mobile devices
11. H2Zero, Caroma's waterless urinal
12. Earth Hour
13. CSIRO ultrabattery
14. Ausra large-scale solar thermal system




Health




1. Tea-tree oil disinfectant
2. Flying Doctor Service
3. Penicillin
4. Begg orthodontic braces
5. Microsurgery
6. Grey-scale ultrasound
7. Resmed breathing aids to treat sleep apnoea
8. IVF embryo freezing
9. Relenza influenza medication


10. Spray-on skin for burns victims

11. Gardasil cervical cancer vaccine

12. Peptic ulcer treatment with antibiotics
13. Compumedics devices for sleep diagnosis
14. Signostics hand-held ultrasound
15. Starpharma dendrimers
16. Cochlear Implant



Household and clothing


1. Brick veneer construction Speedpanel
2. Speedo swimwear
3. Shepherd castors
4. Hills hoist
5. Victa lawnmower
6. CSIRO wool technology
7. Caroma dual flush toilet
8. Balarinji designs
9. Bonds
10. Fashion - Collette Dinnigan, Akira Asigowa, Jets, Zimmerman


Leisure


1. Didgeridoo
2. movie, the world's first being The Story of the Kelly Gang
3. Surf lifesaving movement
4. Fairlight music synthesiser
5. Sydney Opera House
6. Super Sopper for drying sports fields
7. Racecam
8. Water Cube



Mining and manufacturing


1. Froth flotation to separate ores
2. Humespun pipe
3. Continuous refining of lead
4. Warman slurry pump
5. Isasmelt process to win metals from ores
6. Coalscan rapid analysis of coal
7. Jameson Cell for mineral separation
8. Polymer banknote
9. Whittle mine planning software
10. Kelsey centrifugal jig for mineral separation
11. RAFT process for precise production of polymer molecules

Research

1. X-ray crystallography

2. Flame ionisation detector for gas chromatography

3. Atomic absorption spectrophotometer

4. Australia Telescope

5. Gradiflow for separating proteins






Transport

1. Michell thrust bearing

2. Black box flight recorder

3. Baby safety capsule

4. Bishop variable ratio steering

5. Audio-tactile pedestrian detector


6. Sydney Coordinated Adaptive Traffic System
7. Wave-piercing catamaran
8. Solar Sailor
9. Thompson coupling
10. Park Assist
11. CAtec’s Caliper Support System



People

1. Kylie Minogue
2. AC/DC
3. Midnight Oil
4. Crowded House
5. Doobie Brothers
6. The Wiggles
7. Barry Humphreys
8. Rolf Harris






Globalisation and Exports

Today, many products are born global, perhaps designed in Australia and made in China for sale in the USA and Europe.

Some innovations on the list are the result of international efforts led by Australians:

  • X-ray crystallography, penicillin, 
  • the Snowy Mountains Scheme, 
  • Sydney Opera House 
  • Water Cube, the swimming venue for the Beijing Olympics. 
  • The Sydney Coordinated Adaptive Traffic System (SCATS) has been adapted for use in over 30 cities around the world, 
  • Parkassist enable one to find parking in shopping centres with a lighting system and has exported their technoloigy around the world!
  • The use of tea tree oil as a disinfectant is particularly interesting because this very old product is now used around the world, including as a component of Bactigas for the very modern task of banishing bugs from air-conditioning systems. 
  • CSIRO's WiFi breakthrough has been commercialised by several large overseas companies, as has IMCEDA – SQL server compression algorithms , sold to Quest for $60m that then sold to Dell for $1.2b. The founder Douglas Chrystal is now partnering with Ivan Kaye to roll out 
  • REFERRON www.referron.com  

Many creative industry companies have international clients. For example, Animal Logic began by creating Eddie special effects software, has continued to innovate, and has enjoyed much success in servicing the film industry.

Sustainability

  • The dual flush toilet reduces water use. 
  • Vegemite makes good use of a waste product from the brewing industry. 
  • Polymer banknotes last much longer than paper, saving energy in manufacture and transport. SCATS improves traffic flow, reducing fuel waste
  • CATEc in Portland has developed the Caliper Support System. The CSS is designed to significantly extend disc brake pad and rotor life for road transport vehicles.
  • The Michell thrust bearing was an early twentieth century innovation that improved energy efficiency. By radically reducing friction compared to older bearings, it reduced the amount of waste heat generated and made large turbines for ships and power stations feasible, leading to further gains in energy efficiency. 
  • In renewable energy, Martin Green's team at the University of NSW has long been at the forefront of photovoltaic research, and its buried contact solar cells are made in large numbers overseas. 
There are several other Australian groups contributing in this area,
  • Solar Sailor is an application with large potential. 
  • Solar thermal has a bright future: 
  • Ausra is building large systems in several countries; and millions of flat plate and evacuated tube collector hot water systems on roofs worldwide are based respectively on technology developed by CSIRO and by the University of Sydney. 
  • Nulok has develop a tiled roof system that is franchised worldwide. 
  • Speedpanel - has produced a building product that is better than Hebel!

Biotechnology

  • Nogall was the first genetically modified organism released to the market anywhere in the world. 
  • The Pink Lady apple, bred by John Cripps, is the focus of an innovative marketing campaign. It is protected under Plant Variety Rights legislation that was not even imagined in Maria (Granny) Smith's day. 
  • Meanwhile, biotechnology tools are being used to assist conventional breeding programs that constantly improve many of our crops and livestock. 
  • Starpharma has a core technology (nanoscale dendrimers) that has great potential, it has some diagnostic products on the market, and it is close to releasing Vita-Gel, an HIV barrier with a huge potential market and the potential to save many lives. 


Much of GDP in Australia has been from service based industries while  mining is currently  19% .

Let’s focus on innovation and again become known as the Innovation Nation!