Geoff McQueen quoted SMH: *experts say less than two per cent is spent developing that research into a commercial product*.
I think that can be interpreted two ways and one of them is much less condemning but it's not a simplistic analysis. Some fields of research cost a *lot for the basics *and take many years. There's also typically a significant gap between finishing research and being able to commercialise it. As I recall from conversations with academic friends and colleagues at various universities and CSIRO, many grants are under terms where you explicitly *cannot use research funds for commercialisation.* That means you have to go raise new funds. Depending on the organisation structure, that entity now commercialising that research may not be visible as a consumer of funds.* If the product is a rapid earner, by licensing or product sales, it will not need government funding.* So at any given time you have projects: 1. Still in pre-commercialisation research = 0 spent on commercialisation 2. Very recently achieved commercial prospect status and now seeking commercialisation funding = 0 spent on commercialisation 3. Very recently achieved commercial prospect status with funding = some portion of their initial commercialisation spend has been realised 4. Fully commercialised = you can now evaluate how much their commercial development has been funded by grants compared to their research funding. -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
