A Patent is Not a Business Model

A patent is not a business model, and we need to stop acting like it is. One of the statements at the Australian Association of Angel Investors Annual Conference that really rubbed me the wrong way came from a person in a university technology transfer office who said something like: “Open innovation is dead. It […]

Analysis and Interpretation in Innovation

John’s post How Accountants Kill Innovation ended up causing a bit of a stir this week. The press release that went with it was pulled from the UQ Business School website complained about it, but the post here got a huge number of reads, and the press release got picked up by BioTechnologyNews.net, where it […]

New! Improved! Shiny! Yes, It’s Innovation 7.0!!!

Innovation 1.0: A guy in his garage Innovation 2.0: A team in their research lab Innovation 3.0: People – dispersed….. everywhere! And we’re going to skip right over Innovation 4.0 – Innovation 6.0 to introduce the best, most up-to-date, most exciting version of Innovation yet – yes, that’s right: Innovation 7.0!! If you’re using Innovation […]

See Things Differently

I ran across this story earlier this week about Ludwig Wittgenstein in an otherwise awful piece by Paul Monk in The Australian: A student says to Wittgenstein, “You know, it’s really not surprising that people believed for so long that the sun revolves around the earth, because it looks like that is what happens.” To […]

How Accountants Kill Innovation

This isn’t going to be one of those rants against ‘beancounters’. We have actually collected and analysed data which tells us that traditional accounting and valuation methods will damage innovation performance. To be fair to my accounting collegues (some of my best friends are accountants) the main conclusion from our study is that we need […]

Information Wants to Be Free?

We often hear that “information wants to be free” – but does it really? If it does, why did my research partners and I just pay $13,000 to get a copy of this database? Now that’s admittedly 13,000 Australian dollars, and once you take exchange rates into account it comes out to — a whole […]

Why Your Great Idea Will Fail

There are a few reasons why your great idea will fail. The main one is that it will fail because it isn’t executed, or it isn’t execute well. We’ve talked about the problems with focusing just on ideas many times before. Last week I read an outstanding post by Matt Perez and realised why this […]