With STA building on their bench to boardroom initiatives with their new 'Science Meets the Economy' Program, Jas and Stephen shared their experiences and reflections with the Australian innovation system, and their respective journeys through research and translation. It was interesting to have Jas note that her early forays into translation were catalysed by frustration! In contrast Stephen shared his observations and experiences from his time in Boston and London.
A question we spent some time discussing was where is industry to capitalise on the domestic innovation ecosystem – a theme that we have touched on through the podcast regularly over past months. Stephen reflected on lessons from the invention and subsequent acceleration of solar technology and how Australia can ensure that it captures more of the industry and research opportunities and associated value with emerging technologies.
We had a great conversation around the role of private sector culture, the role, or lack of role, for science and engineering in board and strategy decision making. This was contrasted with other countries, in particular Germany, where greater value is placed on these perspectives. It is the opportunity to build the presence of technology perspectives into strategy and decision-making that sits and the heart of improvements in productivity and economic complexity. These themes have been discussed with Greg Harper, Jane O'Dwyer and Catherine Livingstone amongst others.
Jas identified language and communication as an important linker in building trust and value between different business communities – e.g. STEM, finance, marketing and perceptions how that lack of trust means risk and opportunity discussions become limited. Ultimately these connections are built through relationships and proximity.
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