Category Archives: Innovation

Embracing Megatrends and their impact on future innovation

artificial intelligenceMegatrends are defined as sustained macroeconomic forces of development. These trends affect business, economy, society, cultures and personal lives, thereby defining our future world with its increasing pace of change. Megatrends have diverse meanings and impacts for different industries, companies and individuals. These global forces are changing rapidly, bringing new competencies into play at half the lifecycle speed of the past decade. An analysis of Megatrends and their implications are vital to a company’s future investment strategy, development and innovation process due to its influence on product and technology planning (4). Continue reading

3D Printing, 4D Product Visualisation and Diamonds: Behind the Scenes of Melbourne’s Innovation Ecosystem

melb inno mission 1On Tuesday 18 July, twenty-two delegates embarked upon AmCham’s second annual Melbourne Innovation Mission to probe the leading developments in Australia’s technological ecosystem. Throughout the course of the day, it became more evident that there is an ever-growing proximity between technological innovation and commercial application, and that as business developers and interested citizens we have the opportunity to get involved in this exciting time for science to promote global innovation and economic prosperity.

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Cracking Down on Illegal Fishing – The Statistician’s Catch of a Lifetime

“Ultimately, if we reduce the amount of illegal fishing, everyone from someone in a remote community in the developing world fishing in a canoe all the way through to a big industrial company that is part of Australia’s economy benefits from less illegal fishing.”
– Dr Chris Wilcox,
 Senior Research Scientist, CSIRO.

fisheries 1

Image Source: United Nations

Fisheries account for the livelihoods of 8 percent of the world population as well as 17 percent of the world population’s intake of animal protein, as reported by the Food and Agriculture Organization of the United Nations. With such a high significance for worldwide health and economic stability, the security of international fisheries is a concern of vital importance; however, until the recent web-based alert system developed by CSIRO, comprehensive protection of the fishing industry has been virtually impossible to guarantee.

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Are Supermarkets in Trouble Now that Amazon is in The Food Industry?

Yet again, Amazon has carved its path to trail blaze into yet another industry – the food industry – and it only cost them one small fee: US $13.7 billion ($18.1 billion).

 

For US $42 a share, Amazon recently purchased Whole Foods, gaining control of 431 store fronts in the process. Following the purchase, both Amazon and Wholesupermarkets Foods stock prices increased, while other large retail supermarket chains’ stock prices plummeted. Kroger, the United States’ second-largest general retailer behind Walmart, experienced a 28% drop in stock prices, with more minor drops in stock for Walmart, Target, Publix, and other major food retailers.

But, this is not the first time Amazon has tried to enter the food sector. Amazon already offers “AmazonFresh,” a grocery-delivery service available in select cities to its Prime members, along with a meal-kit delivery service via Martha Stewart and Marley Spoon, called “Martha & Marley.” Amazon has even created cashier-less stop-and-go food stores for its employees, with hopes to open them up to the public one day. So why the uproar at this additional venture in the food industry?

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Former US Ambassador to Australia Runs for Lt. Governor of California

jeff bleichFormer US Ambassador to Australia, Jeffrey Bleich, launched his campaign for Lieutenant Governor of California at an event in Oakland last night. During his four years as Ambassador to Australia, Bleich fostered the growth in trade and investment between the US and Australia, established new alliance agreements, led joint US-Australia efforts in Afghanistan, and promoted human rights efforts regionally. Over in The Golden State of California, Bleich has been recognised as one of the Daily Journal’s Top 100 attorneys, as well as a California Lawyer Attorney of the Year. Continue reading

Recap: AmCham NEXT engages the start-up ecosystem

The key focus of AmCham NEXT’s first event of the year was the entrepreneur and, being held in the Tesla showrooms at Martin Place, the location could not have been more apt.  Alex Lynch (Google Australia), Robert Wickham (Salesforce.com) and Malcolm Thornton (Cisco Systems) talked us through the ins and outs and ups and downs of launching a start-up and being an entrepreneur in today’s start-up ecosystem. Continue reading

CSIRO builds bridge between Australia and the US, innovation and business

This is an edited transcript of a speech given by Dr Larry Marshall, Chief Executive, CSIRO, at UCLA to mark 2017 G’Day USA celebrations on 28 January.

Marshall Larry

Like many of you, I lived in the United States for a very long time, 26 years since 1988. People at Stanford University fundamentally changed my perspective of both science and business – essentially changed the course of my life. It gave me a very simple single purpose: to build a bridge. And I thought it was a bridge between Australia and the US, but it’s a more profound bridge than that. It’s a bridge fundamentally between science, deep tech science innovation, and business. Or how the science touches people’s lives through impact. It also taught me how to navigate across the valley of death, which sits like a yawning chasm under every start‑up. And how to successfully deliver that impact from science to industry, society and the environment.

If you’ve read the hundred-year-old legislation that first led to the creation of CSIRO, it’s little wonder that I was so drawn to lead this great organisation, for that is exactly its purpose. To use science to solve problems to benefit society, industry and the environment.

So six start‑ups, 20 boards and 26 years later, like every good expat I thought it was time to try and take some of what I’d learnt in the US back to Australia and I became the Chief Executive two years ago of the nation’s national science agency. Continue reading