In this special edition, we hear from the National Innovation Policy Forum patrons, David Thodey AO and Catherine Livingstone AC. We reflect on the 2023 NIPF event (also hosted by Cooperative Research Australia), 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 2024 Forum, 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.