Victorian Universities, business and governmnet collaborate to commercialise local smart ideas

Deakin University Vice Chancellor, Jane den Hollander AO said the program offered Victorian businesses the unique opportunity to pursue ideas, work with universities to develop them, and connect with investors to turn them into commercial reality.

Mr. Stone said the initiative came at a time when Australia’s rate of collaboration between universities and business is disappointingly low.

“Annually only nine per cent of Australian small to medium-sized business bring a new idea to market,” he said

The program aims to:

· affirm Victoria as the knowledge capital of Australia

· encourage more Victorian business leaders to partner with universities to develop innovative products, services, business, models, or processes

· create stronger links to other innovative economies

· attract more students, lecturers and researchers from overseas to Victorian universities

· attract more students, particularly women, to study science, technology, engineering and maths (STEM)

· attract business and investment within Victoria

Mr. Stone said Victoria is renowned for its smart ideas and innovative thinking.

“Think of the first flight recording system, perhaps better known as the “black box”, the invention of the cochlear implant, the revolutionary use of lithium as a mental health treatment and the development of polymer banknotes,” he said

“Even every carpenter’s and do-it-yourselfer’s cherished device, the electric drill. They are all Victorian,” he said

The program of events are open to the public. Details available on:

/media release