Troy White on Innovation -
[Cached Version]
Published on: 12/9/2004
Last Visited: 9/11/2008
Troy White on Innovation
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Troy White is Product Development Advisor with the Industry Development Centre, a not-for-profit organisation that manages the NSW government's Hunter Innovation Advisory Centre.The centre offers information and advice about intellectual property and the process of commercialising products.
Australian inventors ask the centre for help with 1400 new ideas every year - ranging from educational products to knee-toboggans.
Troy talks to Jenny Macklin about the centre and the importance of innovation for the future of Australia's knowledge economy.
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Jenny: I'm talking to Troy White - Product Development Advisor at the Industry Development Centre, Hi Troy!
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Troy: Innovation is creating value from new ideas.
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Troy: It certainly is.
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Troy: It certainly is, we are a not for profit organisation.
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Troy: Look, if we're going to be a knowledge economy then the way to protect our investment in our ideas is by getting the right protection in place.
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Troy: I think roughly about 4 or 5 % of the products that come through the centre are either software or education.
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Troy: I would say it's more "hands on" tools than ecommerce or elearning products.
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Troy: I've been waiting for this question!
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Troy: I think timing is critical.
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Troy: Most things that we see are improvements upon existing products that have been done before.
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Troy: My favourite invention of all time is probably the bicycle.
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Troy: There are few things that are coming forward at the moment - the flying car that I mentioned earlier is one of those things.
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Troy: In a week roughly I would guess twenty.
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Troy: Out of those 700 we actually took on - in terms of that tech transfer program - we took on five.
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Troy: We see many, many sad stories.