Tech Transfer Talk
Tech Transfer Talk is a series of podcasts discussing aspects of the many facets of technology transfer.
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Episode 40 - The Prequel: National Innovation Policy Forum 2024 with David Thodey AO and Catherine Livingstone AC
11/21/2024
Episode 40 - The Prequel: National Innovation Policy Forum 2024 with David Thodey AO and Catherine Livingstone AC
In this special edition, we hear from the patrons, and . We reflect on the 2023 NIPF event (also hosted by ), discussing the practical outcomes that were being sought from the last forum and setting them in the context of 'where to from here?' David and Catherine both reflect on culture, risk tolerance, and the layering of process, regulation and legislation and its impact on innovation. We touch on the three main sessions for the , being Sharing Risk, Addressing the Missing Middle and An Australian Business Model. They make a call for more leadership across the community, business and public sectors to define and lead a new model for Australia Inc. rather than waiting for politicians to define or impose political rather than bipartisan policy solutions. How we do we challenge ourselves to drive change? David points to the lack of capital coming into the economy which should be a catalyst for change with Catherine noting this creates a hollowing out that is accelerating but hidden from view by favourable trading conditions. The opportunity is for us to lead the conversation for how Australia (re)positions itself and defines its role to contribute to the betterment of Australian society and to contribute to the region and the world. We hope that as listeners, forum participants and ecosystem actors, will be provoked to drive us towards a higher performing innovation ecosystem and greater impact from technology transfer activities that can underpin Australia’s future.
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Episode 39 - Trust, Talent and Technology Transfer with Mark Hutchinson
09/26/2024
Episode 39 - Trust, Talent and Technology Transfer with Mark Hutchinson
In this episode, I had the great pleasure of having a wide-ranging discussion with . He is currently a member of Australia’s , Advisory Board Member to Program, recent past president of and has been a successful research leader and tech transfer advocate for over 15 years at the , largely centred on the and . We quickly uncover one of Mark’s modus operandi which is to seek forgiveness and not permission. This approach allowed him to get on with addressing roadblocks and challenges in developing and delivering solutions to willing and engaged partners. Given Mark’s early experiences in academia in Australia and at , we touch on Australian cultural challenges of researchers moving between private, government and research sectors, and differences in partner scale between his USA and Australian activities. Mark reflects on his 2024 experiences at in San Diego and notes the open engagement culture, the lack of non-disclosure agreements, and the focus on relationships. We contrast this with our observations around Australian tech transfer and Mark raises the notion that we could be suffering from a culture of locked in scarcity where the glass is always half empty. We then discuss some of the arising challenges of tech transfer with a scarcity mentality. We then explore Mark’s successful tech transfer experiences and reflect on the experience of a doctoral student, the cadence of engagement, and the need to change direction to reflect changing circumstances. We also touch on the need to get comfortable with uncertainty and contrast organisational and experimental (or bench) uncertainty. The domestic employment arrangements and consequences are also explored, touching on the that discussed in Episode 11. We discuss and the innovation and tech transfer opportunities, touching on co-creation as a driver of economic growth through dual use technologies and the opportunities for SMEs. Mark reflectsd on the need to 'get sticky; with our deals and partnerships (which is a variation on the concept discussed with in Episode 38) and look to a 'hook and loop' component to government transactions, somewhat inspired by the thinking of . We discuss the cultural challenge of risk aversion to sharing ideas in this brave new world, and the need to make change through talent heading abroad for experiences and have them returning into a welcoming and engaged innovation system and share stories of success. Mark shares his paper transportation challenge', noting that not all innovation comes through PhDs! We reflect on the importance of Minimum Viable Products and the importance of engineering alongside research to get products to market. This introduces the notion of scale, which we started discussing on the podcast; firstly with ) at the start of 2023 and highlighted further at the in November 2023. We also touch on this getting discussed by with in an episode of . Mark notes that there is a perception that fundamental science is worth more than the translation bridge, however they need to exist in a dynamic equilibrium. We wrap up our discussion with an impassioned close from Mark around believing in your product, solutions arising from teams, and being prepared to listen to the market and adapt while pressing forward.
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Episode 38 - Tech Transfer with Sticky Customers with Dr Angeline Achariya
08/29/2024
Episode 38 - Tech Transfer with Sticky Customers with Dr Angeline Achariya
In this episode I had the chance to catch up with Dr Angeline Achariya, who has had a successful technology transfer journey moving across industry and the innovation sector throughout her career. With her formative years spent on the land in Fiji and in Queensland, she moved into agribusiness starting at Mrs Crockett’s then moving through and to where her executive career took route with and subsequently . Ange then moved to to lead what she started at Mondelez, before moving back to the private sector with and now in her portfolio career journey. We explore what innovation looks like in different organisations and brand environments. We touch on the world of Quick Service Restaurants and the challenge of tech transfer with a younger workforce. We explore in some detail innovation at Mondelez and the establishment of the Monash Food Innovation Centre. This was established in 2013 and was an early Australian forerunner in developing industry, research, government agrifood clusters. Ange took me through some of the approaches taken and the importance of listening to what industry wanted from the emerging entity – an “outside in” rather than “inside out” approach. In establishing the Centre, Ange describes some of the concerns and cultural challenges that emerged. We touch on SME concerns around partnering and sharing IP, why Monash University and differing perspectives around risk between the founding parties, including the Victorian Government. We discuss the importance of securing a mandate to get on with things and some of the associated governance dynamics. Here risk management and perception were managed through a “no surprises” approach and developing an understanding of the boundaries of involved parties. The rate of change of partner ecosystems also offered some interesting connections back to our recent discussions with David Thodey (in Episode 34) and Andy Shafer (in Episode 36) around culture and clock speeds. We wrap our discussion with the introduction of the “of getting sticky with customers” and the importance of building relationships through which partners engage over the longer term. Ange also notes that innovation isn’t formulaic and that the same approach cannot be applied in all circumstances. Purpose, Strategy, Culture, Risk Appetite and Capability among the partners and within the broader ecosystem also shape approaches to innovation and tech transfer. We finish our discussion talking about the need for resilient sustainability and solving the right problems for the right customer to create new value.
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Episode 37 - Making a Meal of Market Intelligence:- Relationships, Rolodexes and Returns with Rohan Rainbow
07/25/2024
Episode 37 - Making a Meal of Market Intelligence:- Relationships, Rolodexes and Returns with Rohan Rainbow
In this episode, I had the opportunity to catch up with my colleague, business partner and good friend, Dr Rohan Rainbow, who has been a leading voice in the implementation of agricultural technologies in Australia for over 30 years. His early childhood journey moved him from suburban Melbourne to farming in rural Victoria, followed by South East South Australia and then settling in the Clare Valley in South Australia. He completed his PhD with The University of Adelaide while working on his agricultural research at followed by work as an independent consultant, plus executive officer to both the and establishing the , then research investment with the . In 2014, he established his consultancy and in 2018, with myself and Leecia Angus, established . Our discussion started with his formative years on farm and how his PhD in soil physics and mechanics set the scene for how engineering parameters can improve crop establishment. In moving into research management, we noted that adoption and extension are easily overlooked in tech transfer circles and yet, are critical to the success of any new technology or practice. Rohan talked of the importance of field days, and the themes that came through were the need for clear value propositions for new technologies, particularly in the context of significant capital expenditure and/or practice changes needed for technology adoption. Rohan reinforced an observation Spiegare blogged about around venture investment in agtech in 2020; that not everywhere is the same – soils, equipment, people –for starters! We then talked about early adopters and the merits of ‘first vs fast followers’ in agriculture. We noted that someone has to go first in order for there to be a fast follower! We then explored Rohan’s motivations to establish himself as an independent consultant. Recognising the need for technical advice into regulatory and policy discussions, he has worked closely with and, more recently, on a range of issues. We also discussed the Precision to Decision Report that Rohan led in 2018 – a report that contributed to the foundations of agtech adoption and investment in Australia. We discussed the AUD 20.3 billion potential value identified that agtech could release, progress toward realising that ambition and some of the dynamics in agtech solutions, data stewardship. and satellite markets that have unfolded since the publication. We also touch on the tech transfer challenge around the need for all the components to come together to deliver value. We conclude our conversation with a discussion around pesticide access in Australia, and the market and regulatory dynamics that are arguably setting Australia at a disadvantage in accessing cutting edge approaches to crop protection and weed management. Rohan’s final thought is quite poignant from an Australia agriculture perspective, in that, Australian growers are quick to adopt technologies that work for them, because they have to!
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Episode 36 - Building Businesses: Roadmaps, risks and rates of change with Andy Shafer
06/27/2024
Episode 36 - Building Businesses: Roadmaps, risks and rates of change with Andy Shafer
In this episode, I had the opportunity to catch up with who’s been a leader in building businesses in the 21st century biobased economy. A alumnus, he started his 'bio-journey' with , a Joint Venture between Dow Chemical and , where he had a leadership role in bringing PLA to market. He then moved to for 9 years, establishing their market facing partnerships including sales and marketing, corporate brand and communications. He then spent 7 years in private consulting, including the authoring of a book on strategy and development, before joining in late 2023 as their Chief Marketing, Customer and Brand Officer. In our discussions, Andy reflects on his journey into the biobased economy and early involvement in the market development of PLA. It was striking that a reframing of the questions and potential benefits lead to a dramatic shift in strategy, leading to a focus of performance in use and less on the fact that it was a 'bio' product. His shares some observations on bringing a new joint venture together, with a team of different industrial backgrounds (and allegiances), and the process of bringing that team together around the JV’s mission. He also reflects on the resources and reputation that comes with a new JV entity in contrast to its (larger) parents. One of the challenges we discuss is developing 'proof of concept' to customers with constrained resources and the need to look toward creative collaborations. Andy sees segmentation as critical to tech transfer as this involves identifying who is going to help you be successful. He also notes that this isn’t necessarily the obvious, discussing fast followers rather than incumbents as they may not have the reputational risk associated with trying new approaches. We touch on the role of laggards or, as per Episode 7 with Paul Bryan, the role of the desperate customer. Andy also reflects on the rate of change and introduces the notion of 'stopwatches vs calendars'. We touched on the importance of timing in Episodes 10 and 13 and how these impact tech transfer outcomes. Here, Andy notes that clients can move at different rates to new ventures. He also notes that capital intensity and downstream supply chain partners, all need time to adjust and adopt new approaches. We touch on how ownership and the introduction of new investors through fundraising rounds can also be subject to asynchronous timing outcomes. The need for synchronicity between investors throughout the life of a venture is critical to sustainable success. Andy discusses how investor misalignment can drive different operational behaviours and outcomes. We close by discussing his new role at Gevo, and team members and acting as a gravitational force to bring Andy back into corporate life from his consulting activities. Andy sees Gevo as an opportunity to “help transform another industry on a mission that matters”. In taking on the challenge of bringing Sustainable Aviation Fuel (SAF) to market, we again reflect on rates of change and risk.
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Episode 35 - Science Meets Parliament 2024
05/30/2024
Episode 35 - Science Meets Parliament 2024
In this episode, we reflect on Science Meets Parliament 2024 – a bespoke training event run annually by . This event brings together emerging scientists and Australian federal parliamentarians to strengthen connections between STEM professionals and decision-makers. I chat with , President of Science Technology Australia, RMIT Professor and start up founder. We also hear from attendees , , , , and to get their impressions of #SMP2024. We reflect on Sharath’s National Press Club and Australia’s place in the world of innovation. Sharath describes Australian innovation ecosystem funding as three interconnected pieces – higher education, government and industry investment – and comments on how the three components need to be better connected. Low R&D investment from industry results in research being commercialised abroad rather than with local industry. We then discuss the industry settings in Australia that may sit behind the current malaise in private sector investment. Our discussion then turns to the 'missing middle', a term coined by Minister Ed Husic at the National Innovation Policy Forum, and the need for national scale up infrastructure (as touched on with Katherine Woodthorpe in the January 2023 podcast). We also discuss the need for increases in domestic technology transfer capacity, which follows the calls made by Natalie Chapman on this podcast earlier this year. We close our discussion on how Australia might position itself in global innovation and how benefits might flow back to the Australian innovation ecosystem.
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Episode 34 - Innovation and the board: Reflections on ambition, culture, and the opportunity for Australia with David Thodey
05/16/2024
Episode 34 - Innovation and the board: Reflections on ambition, culture, and the opportunity for Australia with David Thodey
In this special episode, I had the privilege of talking with , whose experiences and roles have included board and chair roles in organisations such as , , , , and Chancellor Elect at the . David is also a figurehead and thought leader within , particularly around innovation and the role that it can play in Australian business and society. In our conversation, David shares some of his journey into innovation, having started at , and he shares his passion and ongoing fascination with how science and technology can shape society and business for good. We reflect on the importance of communication in technology transfer, both in terms of inspiring the public and private sectors, but also in articulating the problems that it can address, and the opportunities that can arise through the embracing of innovation and well-managed risk. We touch on some of the broad enablers for business, such as finance and process, however, culture becomes the dominant theme through our discussion, and the challenge of disrupting the status quo alongside the need for competitive energy, both within organisations and in the markets that they serve. We then touch on the recent Australian tour by , and the notion of grand challenges for Australia to set and rise to. through better deployment of innovation and technology into the local ecosystem. David notes the need for defining organisational aspirations, purpose and through that, setting the culture for an organisation. Some time was spent reflecting on Australian business outlooks, including a recent survey which suggests that 85% of Australian CEOs believe their business would still be economically viable a decade from now, if it remained on its current path without major changes. This catalyses some discussion around the current malaise in private sector investment in innovation, competition, and the arising risk appetite from corporate Australia. David notes that every board should be looking for means to prosperity, and that innovation reflects the desire to improve. We reflect on how there are great sectoral examples of innovation, where organisations compete on the global stage for talent, resources and commercial success. We also explore some of the cultural conundrums inherent in innovation, related to people (who ultimately are driving innovation), and the corporate governance settings around reporting, control, trust, and accountability. There is an equilibrium between these and also between the board and management that needs to be thoughtfully calibrated. We also reflect on local attitudes to risk management and the challenges associated with recognising and managing well-intended but erroneous outcomes arising from the pursuit of innovation. Accountability and consequence need to be built into a system that results in (failing and) learning fast, not failing fast (and not learning).
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Episode 33 - It takes a village to raise a start up: The importance of advice and governance with Anne-Marie Perret
04/25/2024
Episode 33 - It takes a village to raise a start up: The importance of advice and governance with Anne-Marie Perret
In this episode, we get the chance to catch up with , an independent advisor and significant contributor to the Canberra innovation ecosystem through her roles as mentor and board member with several ventures. Anne-Marie is also an active member of the (which works alongside the ) as advisor, board member and angel investor. I was particularly keen to explore the importance of advice and governance with Anne-Marie and discuss how this adjusts through different phases of a venture. We framed the discussion around 'small g' governance and 'big G' governance as needs change through scale and sophistication of investors, markets and stakeholders. We speculate that the inflection point for transition was where capital raising moves beyond friends and family and the importance of due diligence from all parties as new capital comes into a firm. We also discuss the concept of being ready for a board, with the associated benefits of discipline, mentoring and networks and the countervailing loss of control that may be felt by the founding team. Anne-Marie reflects on engaging with mentors and advisors, the discipline of always asking the second question and being interested in the answer and not always being in 'pitch mode'. With the recent Australian Governance Summit and the increasing interest in innovation governance, management and strategy, I hope that this podcast presents a timely set of insights.
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Episode 32 - Scouting and Mobilising Intellectual Property with Megan Steele, CGIAR
03/28/2024
Episode 32 - Scouting and Mobilising Intellectual Property with Megan Steele, CGIAR
In this episode, I had the opportunity to talk with , from . Perhaps more accurately, she spoke with me as I offered my thoughts on Scouting and Mobilising Intellectual Property. We frame the conversation around a series of questions 'What problem are you solving?', 'How can you solve this problem and create value for stakeholders?' through to 'What does your solution / contribution look like?' I reflect on the phenomenon of technologies looking for problems to solve rather than starting with the problem in mind. A concept we often discuss with guests and indeed, with our partners at , is the Value Pool and the importance of considering the breadth of partnerships needed to bring technologies into utilisation and the distribution of benefits among those Value Pool participants. While the webinar involved some slides, I hope that the conversation and subsequent questions catalyse some thoughts around the early considerations in mobilising Intellectual Property. The webinar is also accessible as are the other related webinars from and .
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Episode 31 - Tech Transfer in Australia: The battle for talent and resources with Natalie Chapman
02/29/2024
Episode 31 - Tech Transfer in Australia: The battle for talent and resources with Natalie Chapman
In this episode, we discuss the current challenges in tech transfer capacity, capabilities and resourcing within the Australian innovation system with . Natalie found her passion for tech transfer in her time at the Australian Nuclear Science and Technology Organisation () after a short stint in the finance sector. Missing the science, she found a way to combine her interests in science and commercial outcomes, bringing together technology and industry opportunities. In 2012, Natalie established , who provide tech transfer communications, consulting and advisory services to the Australian research and private sectors. We explore the absence of the tech transfer community’s voice in current discussions around innovation and research, and the pathways to and interfaces with industry and government policies. We discuss the challenges that are being presented as multiple, arguably uncoordinated innovation programs are initiated from various government departments and statutory corporate entities. These efforts, while arguably well intended, are straining the available Tech Transfer Office (TTO) resources, be it through work volume or through loss of capacity as programs compete for talent to drive innovation and tech transfer. The problem is exacerbated by a lack of pathway and training for entrants to the profession which is compounded by a lack of industrial experience amongst new hires. Natalie outlines the case for TTO investment, framed around the returns on public monies invested in research and innovation. This is a contrast to a more typical cost-centre framing when looking at organisational and divisional budget allocations. We explore FOMO, a related Australian innovation culture challenge (also related to the reluctance to say “no”), and the importance of managing risk through active portfolio management and market intelligence gathering to underpin decision making.
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Episode 30 - The Other Triple Helix: Entrepreneurship, science and theology with John Bloomer
01/25/2024
Episode 30 - The Other Triple Helix: Entrepreneurship, science and theology with John Bloomer
In this episode, we discuss a different lens through which to look at entrepreneurship with . John has taken a journey from chemistry to agricultural seed technologies through advisory and board roles to his newly found vocation within the Church of England. John started his career at ICI and through a period of active mergers and acquisitions through the 1980s and 1990s, arrived at Syngenta, establishing the wheat and barley breeding business and migrating into an intrapreneur role with that organisation, before heading into independent consulting. His current business activities, alongside being a priest and chaplain, include advisory work with a range of agritech companies, Non-Executive Director with and co-founding as a spin-out from the . We explore his twin journeys through technology transfer and theology, and reflect on the Doctrine of Participation that John wrote about in . We explore how his faith, science and technology commercialisation sit alongside each other and some unusual moments of transition (where John started pitching God alongside pitching business ideas!) and his reflections from his theological studies and training at at Cambridge. John discusses how he sees strong compatibility between his theological and scientific training, framing these in terms of the why and how of the world around us. The Doctrine of Participation connects to entrepreneurship and technology transfer through five features. We explore how the infinite of theology and the typically finite value that technology transfer activities merge to create new opportunities. These, and the overarching doctrine (which is a theological perspective or framework) reveal some interesting perspectives on how entrepreneurs and technology transfer activities are creative as part of the broader world, be it economic, social and / or theological. John highlights the need for relationships (over transactions, a concept the podcast explored with ) and how relationships drive building the networks that underpin successful technology transfer, built on humility, selflessness, curiosity, perseverance and an unconventional mindset.
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Episode 29 - Reflections on National Innovation Policy
12/21/2023
Episode 29 - Reflections on National Innovation Policy
In this episode, we have the opportunity to reflect on the recent National Innovation Policy Forum in Canberra last month with my colleague, Dr Faisal Younus, who participated in the event. Thanks to , we also have been able to weave some excerpts from the panels into our discussions to try to offer some reflections and insights from the day’s events. We open with Faisal’s key reflection from the Welcome to Country, followed by some of what said in his keynote address. We then look to the scale up challenge, which was initially identified at the same event 12 months ago and discussed on the podcast with in January 2023. With a brief reflection on the challenge of needing midsize firms to take up innovation yet noting their dwindling numbers in the Australian economy, we then reflect on comments made by and Professor Roy Green. We also touch upon the challenging policy landscape over the past 30 years, and the dispersion of investments and resources, likened to the spreading of Vegemite on toast. We follow these government challenges with a few reflections on competition, or perhaps hyper competition, in the innovation system, before turning to the role of markets and the need to be solving a problem. This was highlighted in some of the remarks made by , and from . We explore the notion of whether patenting could be the very beginning or the end of the beginning depending on the philosophies of market pull or tech push in various parts of the innovation ecosystem. Time, the one non-renewable resource, which we explored on the podcast with Allison Haitz and through soliloquy in 2022, where and shared some perspectives from the podium. We close by drawing some thoughts and themes from the panels around the innovation culture in Australia and the need for collaboration, which was encapsulated by in her remarks, and the complexities and chaos of collaboration remarked upon by Catherine Livingstone AO. While we couldn’t draw together all the incredible content from the panels, our thanks go to the other panellists who provided the inspiration for this podcast. , , , , , , and .
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Episode 28 - Skyfill and unsustainable sustainability with Jim Lane
11/30/2023
Episode 28 - Skyfill and unsustainable sustainability with Jim Lane
In this episode, I have the great pleasure of having our first omnipresent guest, , who is everywhere within the biobased economy with his leading daily publication . In the midst of driving the Bold Goals Initiative, catalysed by the US Inflation Reduction Act, and running the Advanced Bioeconomy Leadership Conference (ABLC), we catch up with Jim on current perspectives on the bioeconomy and a little soothsaying on what the next few years might look like. We take a broad tour across ethanol, bio and renewable diesel, biochemicals, biomaterials and hydrogen. We briefly examine the origins of the current North American bioeconomy from the mid-00’s, reflecting on the drive for employment, energy security and emissions reduction and how the financial crash of 2008 and the discovery of shale gas affected early growth. Through our discussions Jim introduces a concept of 'Skyfill', to describe carbon emissions (akin to Landfill for material waste) and reflects on the need for transparent mechanisms for dealing with carbon and the inevitable unaffordability of government subsidies currently seeking to drive industrial and consumer behavioural change. Jim refers to this situation as 'unsustainability in the name of sustainability'! We touch on feedstocks and the lack of abundance of what we need, arguing we have too many sugars and too few oils from which to drive the industrial bioeconomy. Jim reflects on a little industrial history as we discuss the current energy and chemical market structures and how some thought should be given to not creating future strong oligopolies when it is hard to anticipate what the right mix of technology solutions might be. In discussing transport, while I suggested thermodynamic efficiency should be the key driver, Jim points to economics and consumer preferences that will drive consumer behaviour, particularly in transport (energy) markets. We close by traversing the world of biopolymers, the challenges around no renewable chemicals standards (unlike fuels), how drop in molecular equivalent products are playing out against their functional equivalents (or new polymers) in the market and the respective challenges in delivering functional, cost-in-use competitive products. Jim concludes with some optimism, noting that we need to grow faster to meet the carbon targets being set by governments and the private sector.
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Episode 27 - The National Innovation Forum Prequel with Catherine Livingstone and David Thodey
11/24/2023
Episode 27 - The National Innovation Forum Prequel with Catherine Livingstone and David Thodey
I'm delighted to bring you a special podcast leading up to the 2023 National Innovation Policy Forum, presented by , to bring leaders from business, government, research – and boundary spanning organisations to focus on the future of the Australian innovation system. I had the opportunity to have a pre-forum conversation with co-patrons Catherine Livingstone AO and for their thoughts on the current innovation landscape, the role of policy, and the importance of a shared vision for Australia's future. In our discussions we touch on the notion that innovation is a fundamental part of what we do as individuals and as a society and discuss how that inherent tendency intersects with government policy and its role in the national innovations system. We touch on the challenge of individuals being caught in small pockets of the system and the need to view the broader innovation landscape, the previous diagnoses of the innovation system, most recently reflected on by and the need to reach beyond the political cycle to establish stable policies that encourage longer term investment from research and corporate sectors. We also set the scene for the Forum around the challenges of translation and scaling innovation into successful businesses. We reflect on research translation and the gap between innovation exiting the research and early stage (venture) sectors and moving through scale and into more commercial, customer orientated settings and explore aspects of market, research culture and the local tolerance of failure. We hope you enjoy this special podcast that sets the stage for the National Innovation Policy Forum, where these critical discussions will unfold.
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Episode 26 - Alt-protein and emerging growth factors with Maurice Moloney
10/26/2023
Episode 26 - Alt-protein and emerging growth factors with Maurice Moloney
In this episode, I have the great pleasure of having our first guest, Maurice Moloney, make a return appearance to revisit what’s been happening in protein over the past two years since our first discussion. Coming off the back of the International Rapeseed Congress (in September 2023), we explore the decline, or indeed collapse, of the alt-meat market and what the prospects are for it reaching its next growth phase. The role of plant sciences in supporting the alt-protein scale up, and particularly brassica species, is also explored. We specifically reflect on the importance of ingredients in the alt-protein space and Maurice’s interest in growth factors for cellular agriculture through Core Biogenesis. We discuss the importance of a diversity of addressable markets for emerging technologies and product offerings. The importance of alternative casein for alt-dairy markets is discussed through the lens of Miruku, where Maurice is in a science advisory role and we also reflect on the utility of safflower as an oilseed, not only for Miruku but also the role it has played from its use in the Crop Biofactories Initiative (funded by GRDC and CSIRO) and currently being commercialised by Go Resources. Maurice shares his reflections on the challenges that plant-science can address for alt-protein and the importance of processing technologies to improve texture and mouth feel in this product category. We close our discussions reflecting on the emerging opportunities and challenges for the alt-protein market.
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Episode 25 - The bravery to act first and leading new product commercialisation with Shona Faber
09/28/2023
Episode 25 - The bravery to act first and leading new product commercialisation with Shona Faber
In this episode, my guest is , Non-Executive Director of , previously Managing Director CRC Industries, and General Manager of Specialty Gases & Chemicals at BOC. We talk about her experiences in bringing EDN, a novel fumigant chemical, licensed from to market in her role at BOC. In discussing the journey that unfolded in this product coming to market, we touch on risk management and managing constant change as a new chemical is shepherded through various regulatory systems to market. We also reflect on a few key moments as we look at how the relationship between the licensee and licensor unfolded, and the twists and turns associated in any post-license engagements. We also touch on the role has played on the journey to global product launch. Shona shares her journey into tech transfer from the bench to the boardroom, and how her interest in customers and problem solving took her to solving complex product marketing challenges in a number of heavy industries. What really resonates is that in managing risk there also comes a bravery to act in getting things done in complex environments. We also discuss how assumptions and conditions for success are critical to establishing a shared view between partners on what are typically convoluted journeys.
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Episode 24 - Regional Innovation Ecosystems with Elena Kelareva
08/31/2023
Episode 24 - Regional Innovation Ecosystems with Elena Kelareva
In this episode we talk with , CEO and Founder of , about her experiences in establishing innovation systems in regional areas, and her reflections on the behavioural and cultural settings behind successful regional innovation ecosystems. We touch on the definition of tech transfer and tease out a distinction between innovation translating scientific outcomes and entrepreneurship, the latter being more broadly around the establishment of ventures to address new opportunities. Elena has a diverse background having completed her PhD and having also worked in a number of product development roles including Google Maps. Elena recognised the opportunities associated with regional entrepreneurship and established Gippstech to build new networks and ecosystems to stimulate new venture establishment. Through her efforts she has identified the importance of behaviours and culture in building distributed innovation ecosystems and the key success factors in these ecosystems. We also discuss her observations that 'fly-in, fly-out' advisory services have limited sustained ecosystem impact in regional areas but FIFO does have a role in some specialisations. Elena also shares her observations in agtech innovation and identifies the need for 'digital agronomists'. She identifies some success criteria for agtech innovation and has seen most success where producers with specific technical skills sets can leverage their production experience to address particular challenges and opportunities. She shares a terrific example around Invest in your Farmer from Northeast Victoria.
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Episode 23 - Joining the dots and the secret sauce with Cameron Hibbert
07/27/2023
Episode 23 - Joining the dots and the secret sauce with Cameron Hibbert
In this episode we had the chance to catch up with , a long-standing colleague and friend, who has been in global licensing roles at and . We talk about when I first met Cameron at and his journey to Germany through carrying responsibility for technology transfer at the Geelong polypropylene production plant. We explore his experiences moving from licensee to licensor in his role with LyondellBassell Industries, taking responsibility for polyolefin licensing activities. Cameron had somewhat of a biobased epiphany around 15 years ago as the early foundations were being poured for the global industrial biobased economy. We discuss what drew him towards Genomatica and the different licensing perspectives, from working with well-established technologies to being present for the first few licenses of the 1,4 BDO technology licensed to and, more recently, . We wrap up our chat with some reflections on why transactions don’t work out sometimes, and the importance of competencies and relationships.
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Episode 22 - Leadership and Relationships with Paul Wood
06/29/2023
Episode 22 - Leadership and Relationships with Paul Wood
In this episode, we were pleased to have a wide-ranging discussion with Professor AO. We talk about his start at and the pathway to his breakthrough in TB tests for cattle in the Northern Territory, and how it opened a pathway into animal and human health research leadership. We discuss a few 'sliding door' moments with Paul around , , and , and how he ended up with the 'keys to the lolly shop' with Pfizer Animal Health (now ) in North America. On Paul’s return to Australia, as both mentor and entrepreneur, we discuss external collaborations, coaching and the need to be thinking globally early in terms of markets and financing. We close with Paul’s reflections on innovation leadership and management in Australia, and his current commentary and insights into the tech transfer challenges of alt-protein, pointing to the Business 101 failures as much as the scale-up challenges.
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Episode 21 - Axon Instruments and the Relentless Commitment to Quality with Alan Finkel
05/25/2023
Episode 21 - Axon Instruments and the Relentless Commitment to Quality with Alan Finkel
In this episode, I have the great privilege of chatting with . We revisit key formative moments at and , and the opportunities that emerged from the challenge of accessing and developing the best fit for purpose equipment. We discuss the difference between framing questions and solving problems through a discussion of the Engineering Method, an approach that underpins Alan’s career at Axon Instruments and beyond. Through instrument development, Alan recognises that development needs to be orientated towards needs, those spoken and those yet to be identified, and move past 'what a customer wants'. We spoke of time, timing and timeliness in and we discuss a terrific example of how networks and preparedness catalyse the first key inflection point in the journey of Axon Instruments. That preparedness is founded on the bedrock of 'The Relentless Pursuit of Quality'. We then discuss the growth of Axon, covering subsequent product launches and explore the one year that didn’t quite meet expectations, reflecting on market surveys and the internal rigour needed for market intelligence and its interpretation. Our discussion then moves towards post Axon life, a moment of (failed) retirement and the next journeys undertaken with The , Chancellor of Monash University and Chief Scientist of Australia. We close on reflecting on the role the plays in Australia and in technology transfer closing with Alan’s current writings on the current renewable energy transition.
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Episode 20 - Hydrogen, Hopium & Scale with Paul Martin - Part 2
04/27/2023
Episode 20 - Hydrogen, Hopium & Scale with Paul Martin - Part 2
In this episode, we continue our discussions with exploring the challenges of clean hydrogen scale up, the market forces and driving current government and industry activity. We discuss distributed production of ammonia and urea and the impact of diseconomies of scale and consequences of parallelisation. We reflect on alternative feedstocks, such as lignocellulose, with a passing nod to our mutual colleague Paul Bryan, and how Wright’s Law of the cost benefits arising from increasing scale and experience may not apply as anticipated by many in the race to scale green hydrogen production. We close out our discussions reflecting on the next journey with Spitfire Research, the joy and hazards of providing 'unvarnished advice', maintaining a healthy scepticism as part of the technology transfer journey and making sure the right resources flow into the right opportunities.
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Episode 19 - Hiring for Startups - HR Due Diligence and The Founder's Dilemma with Lesley Lightfoot and Jeremy Wurm
03/30/2023
Episode 19 - Hiring for Startups - HR Due Diligence and The Founder's Dilemma with Lesley Lightfoot and Jeremy Wurm
In this episode, we are delighted to have Lesley Lightfoot and Jeremy Wurm join us from Brooker Consulting discussing the challenges of building the right teams in the early stages of technology transfer and new ventures. We look at their philosophies and approaches on how to engage candidates for the dynamic roles associated with startups. We discuss the 'Founder's Dilemma' around building teams and the catalytic role that strong HR Due Diligence processes can have in getting the right people at the right time. We also discuss the 'shopping list job description' and how seeking aspirational 'unicorn' candidates often leads to pragmatic 'zebra' hiring outcomes! We conclude, perhaps unsurprisingly, on the importance of culture.
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Episode 18 - Hydrogen, Hopium & Scale with Paul Martin - Part 1
02/23/2023
Episode 18 - Hydrogen, Hopium & Scale with Paul Martin - Part 1
In this episode, we are delighted to have join us to explore the challenges of clean hydrogen scale up, the market forces, and driving current government and industry activity. In Part 1 of our discussions with Paul, we reflect on the history of hydrogen as a fuel, which traces it way back to the 1990s, the rise of Hopium and the associated belief systems that don’t pay the attention to thermodynamics that they should! We explore the current sources and uses of hydrogen, the 'colours of euphemisms' and why hydrogen is good in its current use cases but generally an inappropriate compound for energy applications. We close discussing green hydrogen in its current uses has inherent advantages being produced and then converted nearby at scale into advantaged industrial compounds.
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Episode 17 - From Start-up to Scale-up: Reflections on Australia's Innovation System with Dr Katherine Woodthorpe AO
01/26/2023
Episode 17 - From Start-up to Scale-up: Reflections on Australia's Innovation System with Dr Katherine Woodthorpe AO
In this episode, Dr Katherine Woodthorpe AO joins us to explore the challenges of moving from start-up to scale-up. From addressing foundational tech transfer challenges such as articulating product benefits and identifying market needs, we discuss tech transfer as being the first step on a journey of technology commercialisation and business establishment. Scaling up emerged from the recent as a challenge to the Australian innovation ecosystem and we explore the contrasting nature of ICT and bio-physical technology scale up challenges. Katherine reflects on observations from Fishburners and Cicada Innovation, their respective supporting ecosystems and the pathway to the first Minimum Viable Product and ongoing product and market development. We also explore the strategy of shelving IP, and whether it’s a deliberate or emergent strategy and the factors that influence shelving, such as people, timing, market analysis and resources and touching on the ability to say 'no' - the 'sunk cost' fallacy as a countervailing force to saying 'no' and the ability to strategically assess patenting options. We reflect on the nuances Australian system of the need to publish in contrast to the need for secrecy around know-how to create value and the domestic settings around academic career development and the ability or inability to migrate between the university and CSIRO research communities and industry. An episode for those working at the intersection of start-up and scale-up challenges.
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Episode 16 - Spinning It Out: The Research to Venture Journey with Dr Victor Pantano - Part 2 Highs and Lows of a Deeptech Start Up
12/21/2022
Episode 16 - Spinning It Out: The Research to Venture Journey with Dr Victor Pantano - Part 2 Highs and Lows of a Deeptech Start Up
In Part 2 of our discussions with Dr Victor Pantano, co-founder and former CEO of Digitalcore and current Director of Liquid Instruments, we hear about the highs and lows of taking a deep tech start up along the journey from establishment, through market engagement, team building, growth and financing rounds to exit success. Building upon our last podcast with Victor, the conversation reinforces our earlier discussions around a risk balanced approach to due diligence, the importance of people and role timing has in new ventures (as we explored in our September podcast). The dynamic external environment, the changing needs of investors and the hard yards of building business with customers are all explored in this fascinating discussion. A must listen episode for anyone contemplating or indeed engaged in a tech start-up.
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Episode 15 - Spinning It Out: The Research to Venture Journey with Dr Victor Pantano – Part 1 Bringing It Together
11/24/2022
Episode 15 - Spinning It Out: The Research to Venture Journey with Dr Victor Pantano – Part 1 Bringing It Together
In the first of two discussions with Dr Victor Pantano from ANU, Founder and former CEO of Digitalcore and current Director of Liquid Instruments, we hear about the first phase of transitioning research into a commercial spin-out including the importance of due diligence and building a comprehensive understanding of IP assets and their role in value creation. Building upon our last podcast with Julian Turecek, our conversations with Victor really highlighted the importance of people and balancing risk in tech transfer and new venture success. What was also apparent was that the resources and time required to do so cannot be underestimated. We also hear about the complexity of the relationships and funding that enabled the research from which the technology was developed and the role of market analysis in catalysing the decision to spin out.
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Episode 14 - Teams, Technology & Markets with Julian Turecek
10/27/2022
Episode 14 - Teams, Technology & Markets with Julian Turecek
In our discussion with Julian Turecek, Executive Director of Corporate Carbon, former Investment Manager at Cleantech Ventures and previously in leadership roles at Energy Australia and Origin Energy, we hear about some of his experiences and reflections on the importance of technology, teams and markets in assessing venture investments. This podcast is timely with increasing demands on capital markets for investment in innovative and emerging technologies. Julian shares his thoughts on what matters most in assessing the numerous opportunities that are brought before investors and the challenges of anticipating 'where the puck is going to be' to paraphrase Wayne Gretzky. He reflects on his experiences in venture capital and the learnings that translate across the boundaries of innovative startups and corporate operating environments.
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Episode 13 - Time and Timing with Cameron Begley
09/28/2022
Episode 13 - Time and Timing with Cameron Begley
We are delighted to share episode #13 where Cameron, our podcast host, reflects on the range of themes we have had through our first 12 podcasts and in which he specifically explores the importance of time and timing in tech transfer.
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Episode 12 - After the licensing deal... building the HeathSenseTM operating business with Ed Fish
08/24/2022
Episode 12 - After the licensing deal... building the HeathSenseTM operating business with Ed Fish
In our discussion with Ed Fish, Vice President and General Manager at Bay State Milling, we hear about some of his experiences and reflections on the post-deal journey and moving from a licensing deal to an operating business. This podcast follows on from our discussion around business accountability and the need for driving technologies to sustainable returns. In the context of tech transfer being built around relationships, exploring the post-transaction experience is important as we think there is some misunderstanding around the investment, time, risk and complexities of bringing technologies through from license to revenue. Ed provides some terrific examples of how they managed unforeseen challenges and in turn built new forms of value and protection to the licensed technology and the assets they are continuing to build in North America.
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Episode 11 - Relationships vs transactions and the Vice Chancellor's challenge with David Mitchell
07/25/2022
Episode 11 - Relationships vs transactions and the Vice Chancellor's challenge with David Mitchell
In our discussion with David Mitchell, former CEO of the Australian Centre for Plant Functional Genomics, and more recently the founder of Find My EV, and currently the advanced manufacturing adviser for Katalis in Jakarta, we dive into the importance of relationships, how these contrast with transactions and the systemic challenges in the tertiary sector that creates tech transfer challenges for commercialisation specialists, and indeed Australia’s ambitions to deliver impact from national science investment. This podcast is particularly timely in our view. With an increasing focus on generating returns from Australia’s science investments and research communities, the formation of relationships between the research, technology transfer practitioners and industry should be at the heart of sustained performance. However, it appears to our guest that these connections are rarer than they should be or could be, through an innovation culture that has generally lapsed into transactions and processes, rather than one underpinned by relationships and principles. From these observations, this podcast explores what could be missing and sets a challenge for research sector leadership on how the foundations on which science is created need to be reinforced through relationships in order to build a more productive technology transfer community and engagement with industry.
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