{"id":41404,"date":"2023-10-20T15:13:43","date_gmt":"2023-10-20T15:13:43","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/csiro-plan-on-the-right-track-but-dont-rely-on-research-organisations-to-produce-startups-baxter-startupsmart\/"},"modified":"2023-10-20T15:13:43","modified_gmt":"2023-10-20T15:13:43","slug":"csiro-plan-on-the-right-track-but-dont-rely-on-research-organisations-to-produce-startups-baxter-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/csiro-plan-on-the-right-track-but-dont-rely-on-research-organisations-to-produce-startups-baxter-startupsmart\/","title":{"rendered":"CSIRO plan on the right track, but don\u2019t rely on research organisations to produce startups: Baxter – StartupSmart"},"content":{"rendered":"
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Australian investor and entrepreneur Steve Baxter says the country needs to move away from the idea that tech startups emerge from research, following the release of the CSIRO\u2019s strategy plan<\/a> on Thursday.<\/p>\n

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The report focused on how the CSIRO hopes to become a global collaboration hub, and highlights Australia\u2019s poor innovation efficiency and research-business collaboration.<\/p>\n

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Baxter says he supports the CSIRO, but the country needs to rethink the approach to tech innovation.<\/p>\n

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\u201cI think they are on the right track,\u201d Baxter says.<\/p>\n

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\u201cWe need to be careful and look at where previous high value startups have come from, and very few have come purely from research-based organisations.\u201d<\/p>\n

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He points out that of the world\u2019s 25 most valuable technology companies, only one came from research directly \u2013 Google.<\/p>\n

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\u201cWe\u2019re relying on the wrong people,\u201d he says.<\/p>\n

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\u201cI\u2019m not having a go at the CSIRO, but that\u2019s not the place to be looking for high tech startups. An organisation with a big budget isn\u2019t going to think like a startup.\u201d<\/p>\n

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Bodies like the CSIRO do have a role in providing the research that entrepreneurs either can\u2019t or don\u2019t want to do.<\/p>\n

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\u201cWe need to make research available to the people who aren\u2019t researchers,\u201d Baxter says.<\/p>\n

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The CSIRO report, Australia\u2019s Innovation Catalyst strategy 2015-2020, is a blueprint to try to improve the country\u2019s innovation standards and help respond to global demands and disruptions. It highlights the fact that Australia ranks last in the OECD for research-business collaboration, and 81st<\/sup> in terms of innovation efficiency.<\/p>\n

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\u201cIf that was a team sport ranking, we\u2019d be outraged,\u201d CSIRO chief executive Dr Larry Marshall says. \u201cAustralia\u2019s prosperity, health, and sustainability are closely bound to our capacity for innovation.\u201d<\/p>\n

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\u201cWe can, we must, do better. This is where profound innovation happens.\u201d<\/p>\n

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The report crowd-sourced ideas and suggestions from more than 7,000 people, and represents a new era for the national science agency.<\/p>\n

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In terms of the roadblocks Australian innovation is facing, Baxter says it\u2019s a lack of people with the right technical skills in the startup world, and more ambition is needed.<\/p>\n

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\u201cIt\u2019ll take a bold political statement that we\u2019re going to do this, we\u2019re going to have a real crack,\u201d he says.<\/p>\n

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Raising your<\/i> first round of capital<\/i><\/a>? Starting a<\/i> crowdfunding campaign<\/i><\/a>? Want to grow your business<\/i> with Instagram?<\/i><\/a> <\/i>StartupSmart School can help.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Australian investor and entrepreneur Steve Baxter says the country needs to move away from the idea that tech startups emerge<\/p>\n","protected":false},"author":2,"featured_media":60913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/41404"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=41404"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/41404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60913"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=41404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=41404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=41404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}