This prize is open to all students, researchers and academics within the Business Incubator Programme and has attracted significant interest both in Australia and overseas. We have also created innovative business models and provide entrepreneurial training for our CEO's based upon Executive Fasttrac Technology. This programme is well respected worldwide and already has an Alumni of 45,000. Australia needs to achieve a higher level of innovation than it does now, and innovation is, by its nature, risky, and alters the status quo. We in Australia have a high uptake of technology and we are in the top few countries that like to experiment.
Technology has a significant status attached to it.
But when it comes to investing in this ourselves we fall way behind other developed nations. The entrepreneurial spirit that is necessary to undertake this risky adventure has all but been extinguished by the stigma of the so-called entrepreneurs of the 1980's. The price of failure is more overseas ownership and control. The current revolution is how the new technology can be applied to business and services. Much has been written about the internet.