“I’m about to throw my phone at the TV”: Atlassian founder pans the Q&A innovation special

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This week’s Q&A saw both major parties’ startup representatives and a panel of experts come together to discuss all things innovation, from the fabled brain drain to the NBN.

But the episode was panned by one of Australia’s most successful entrepreneurs; with Atlassian co-founder Mike Cannon-Brookes pointing out its lack of focus on growing the next generation of founders.

While much of the discussion on the night centred on funding and tax incentives for startups, the pipeline of entrepreneurs and getting the next generation interested in STEM was barely broached.

“About to throw my phone at the TV,” Cannon-Brookes tweeted.

“Can someone please say ‘school’ or ‘education’?!”

Cannon-Brookes went on to voice many other issues he had with the program and its choice of topics.

Here are five other things that we learnt from the Q&A innovation special.

The startup community doesn’t think it’s getting enough support

The first question of the night came from the Start Society and Cooper & Co founder Pete Cooper, who asked assistant minister for innovation Wyatt Roy if the $1 billion in funding over four years included in the innovation statement is enough.

“The rest of the world is literally sprinting past us,” Cooper said.

“One billion dollars – while we’re doing that over four years San Francisco has created $500 billion in tech startups. Why are we doing slow lane innovation strategies?”

“Uber’s doing four times what you put over four years in four months. The money doesn’t match the words, mate.”

While Roy pointed to the need to create a “uniquely Australian ecosystem”, opposition spokesperson for innovation Ed Husic said he welcome the aggressive style adopted by the questioner.

“That type of pointed questioning is necessary,” Husic said.

“I don’t think we’ll ever be able to match the amount of money and that huge volume in the bigger markets, but we can’t just sit on our hands and think it’s too hard for us.”

The focus can’t just be on Sydney

Panellist and Emergent Solutions CEO Holly Ransom described her experiences visiting some of the areas in the US not traditionally associated with innovation and startups, and said Australia needs to do more to ensure the ‘ideas boom’ reaches more regional areas.

“Most of our benchmarking is based on Sydney – two thirds of our entrepreneurship originates out of one city right now,” Ransom said.

“It’s important we grow our other capital cities and we think about how we grow our regions as economic and entrepreneurial hubs too.

“We need to move the focus away from just the capital cities.”

Roy thinks we can have hard and soft-shelled tacos

When questioned over the government’s funding of university-backed incubators and accelerators instead of private companies, Roy used the analogy of the renowned taco ad to demonstrate his point.

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“Just because we’re making strong investments into greater industry collaboration around universities and getting that research out into the real world to create these new businesses, products and services doesn’t mean that detracts from what’s happening with startups,” Roy said.

“I get very frustrated in this debate when people say it’s one versus the other.

“Why can’t we have both?”

The brain drain isn’t necessarily a bad thing

Both politicians on the panel agreed that the much-talked about brain drain of Australian entrepreneurs leaving the country can be viewed as a positive.

“The idea that we have a brain drain is a debate we have to break out of,” Roy said.

“It’s a very good thing if we have circulation through global innovation hubs. If Aussies are going to Silicon Valley where they’re called the ‘Aussie mafia’ because they’re taking over the place, then that’s a good thing.

“It is incredibly good.”

The current state of the NBN is a “tragedy”

The line that drew the most applause on the night came from Husic discussing the current state of the government’s national broadband network.

“We’re going to have an ideas boom once we get through the buffering,” Husic said to much applause and laughter.

Roy was left as the only panellist supporting the government’s approach to the NBN, with Innovation Clearinghouse founder Sandy Plunkett labelling it a “tragedy”.

Husic said the NBN is crucial to the future of Australia’s startup and innovation sectors.

“If we talk about innovation being a national effort then we can’t get everyone involved if our broadband speeds and availability is at what it’s at now,” Husic said.

“We need to see change.”

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Denham Sadler is the editor of StartupSmart. He was previously a journalist at the publication and has worked as a freelancer for the Guardian, the Saturday Paper and the ABC. In his spare time he likes puns and jaffles.
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  • http://www.laughingmind.com/ Brian Hill

    Thank goodness someone mentioned the R word – Regionalisation. We’ve been putting focus on growing capacity and entrepreneur network strength/breadth on Central Coast and Hunter, with events like Startup Weekend Central Coast 2015 and the upcoming Hacking Healthtech hackathon with Uni of Newcastle (#hht16uon – http://www.hackinghealthtech.com) targeted at undergrad cohorts – both have been in direct response to the need for earlier years engagement at High School and Uni, to help change the job-seeking narrative to entrepreneur creation + diverse teaming, or at least early steps in Startup simulation to give an idea of what’s ahead. How many Uni students can put their hands up and say, “I’ve had a great grounding + prep to take some steps as an entrepreneur with an idea”. I’d moved my businesses from Canberra to the Hunter region (briefly) before seeking+finding NBN FTTH on Central Coast, where prices are still in the realm of sane. Whilst it’s a manageable commute to Sydney, there is still too much emphasis on F2F teaming, when companies can be born + grow with digital/virtual teaming, particularly in regions, if there is bandwidth + talent. Trying to do it without connectivity just hurts productivity, so the buffering issue is real. At the regional level though, there are still glaring gaps in incubation + growth infrastructure, but it all comes from a solid education base as a first step. The competition for talent + ideas isn’t domestic, but we often seem to treat it so within a competitive-federalism context, blind to how much demand + competitive pressure there is as new economic growth centres blindside us from places like Cuba, Bali et al, where startup costs + barriers are lower.

  • Big Enviro

    I think it’s a bit “rich” for Mr Cannon-Brookes to cite tax as a non-issue. Why did they move their head office to London? I agree with his other concerns, however.

  • http://About.me/danielmumby Daniel Mumby

    Yes, I was also ‘disappointed’. And the biggest cheer for the NBN topic? Seriously? The NBN is not innovation -it’s just an enabler. And a distraction from the real game. Real entrepreneurs & founders are busy getting & getting off their @sses and creating ventures anyway with what we have now.

  • Nick Heidl

    All I heard from Roy Wyatt was pots of gold at the end of rainbows , butterflies and bluebells. No substance at all.