Entreprenuers growing vibrant communities but innovation policy stagnant. CA and other programs suspended. IIF in tatters. In this context we comment on the recent IA submission to the Financial Industry Inquiry, on the need to move away frm the traditional but deeply flawed VC Fund model, and propose a pivot from IIF to a new funding design to mobilise institutional investment.
The Australian Institute for Innovation ("a2i") mission is to energise a collaborative innovation effort, through the design and implementation of a Strategic Roadmap for a National Innovation Infrastructure, including the optimisation of public and private investment in innovation, and through encouraging the establishment of a connected and communicating innovation community.
"There are risks and costs to a program of action...but they are far less than the long-range risks and costs of comfortable inaction."
John F. Kennedy