<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html> <head> <title>UTas ePrints - Financing Innovation: Markets and the Structure of Risk.</title> <script type="text/javascript" src="http://eprints.utas.edu.au/javascript/auto.js"><!-- padder --></script> <style type="text/css" media="screen">@import url(http://eprints.utas.edu.au/style/auto.css);</style> <style type="text/css" media="print">@import url(http://eprints.utas.edu.au/style/print.css);</style> <link rel="icon" href="/images/eprints/favicon.ico" type="image/x-icon" /> <link rel="shortcut icon" href="/images/eprints/favicon.ico" type="image/x-icon" /> <link rel="Top" href="http://eprints.utas.edu.au/" /> <link rel="Search" href="http://eprints.utas.edu.au/cgi/search" /> <meta content="West, Jonathan" name="eprints.creators_name" /> <meta content="Jonathan.West@utas.edu.au" name="eprints.creators_id" /> <meta content="article" name="eprints.type" /> <meta content="2008-01-08 21:26:38" name="eprints.datestamp" /> <meta content="2008-01-08 21:26:38" name="eprints.lastmod" /> <meta content="show" name="eprints.metadata_visibility" /> <meta content="Financing Innovation: Markets and the Structure of Risk." name="eprints.title" /> <meta content="pub" name="eprints.ispublished" /> <meta content="360201" name="eprints.subjects" /> <meta content="360203" name="eprints.subjects" /> <meta content="350211" name="eprints.subjects" /> <meta content="public" name="eprints.full_text_status" /> <meta content="Meredith, No problem at all. Regards Julie -----Original Message----- From: Meredith McCoy [mailto:Meredith.McCoy@utas.edu.au] Sent: None " name="eprints.note" /> <meta content="Over the past two decades, Australia has failed to build significant positions in the technological revolution that has transformed the global economy. In high-tech industries such as software and electronics Australia has been left behind, and in emerging sectors such as biotechnology, it threatens to be. There is no intrinsic reason for Australia's poor innovation performance. Australia is not less entrepreneurial than other developed countries or less scientifically creative. We have the human and financial resources. The challenge is to ensure policy settings provide the right incentives to encourage and develop frontier technologies such as biotechnology and nanotechnology, as well as ensuring the diffusion and upgrading of new technologies within established industries. The CEDA report contains analysis of Australia's recent innovation performance by a group of leading innovation experts. The report argues that an effective national innovation system plays a central role in enhancing competitive capability. If current weaknesses in Australia's innovation track record are not addressed, our future economic development will be seriously impeded." name="eprints.abstract" /> <meta content="2004" name="eprints.date" /> <meta content="published" name="eprints.date_type" /> <meta content="Growth 53: Innovating Australia" name="eprints.publication" /> <meta content="12-34" name="eprints.pagerange" /> <meta content="FALSE" name="eprints.refereed" /> <meta content="0085-1280" name="eprints.issn" /> <meta content="http://ceda.com.au/public/publications/growth/growth_53.html" name="eprints.official_url" /> <meta content="West, Jonathan (2004) Financing Innovation: Markets and the Structure of Risk. Growth 53: Innovating Australia . pp. 12-34. ISSN 0085-1280" name="eprints.citation" /> <meta content="http://eprints.utas.edu.au/2681/1/Financing_Innovation1.pdf" name="eprints.document_url" /> <link rel="schema.DC" href="http://purl.org/DC/elements/1.0/" /> <meta content="Financing Innovation: Markets and the Structure of Risk." name="DC.title" /> <meta content="West, Jonathan" name="DC.creator" /> <meta content="360201 Public Policy" name="DC.subject" /> <meta content="360203 Research, Science and Technology Policy" name="DC.subject" /> <meta content="350211 Innovation and Technology Management" name="DC.subject" /> <meta content="Over the past two decades, Australia has failed to build significant positions in the technological revolution that has transformed the global economy. In high-tech industries such as software and electronics Australia has been left behind, and in emerging sectors such as biotechnology, it threatens to be. There is no intrinsic reason for Australia's poor innovation performance. Australia is not less entrepreneurial than other developed countries or less scientifically creative. We have the human and financial resources. The challenge is to ensure policy settings provide the right incentives to encourage and develop frontier technologies such as biotechnology and nanotechnology, as well as ensuring the diffusion and upgrading of new technologies within established industries. The CEDA report contains analysis of Australia's recent innovation performance by a group of leading innovation experts. The report argues that an effective national innovation system plays a central role in enhancing competitive capability. If current weaknesses in Australia's innovation track record are not addressed, our future economic development will be seriously impeded." name="DC.description" /> <meta content="2004" name="DC.date" /> <meta content="Article" name="DC.type" /> <meta content="NonPeerReviewed" name="DC.type" /> <meta content="application/pdf" name="DC.format" /> <meta content="http://eprints.utas.edu.au/2681/1/Financing_Innovation1.pdf" name="DC.identifier" /> <meta content="http://ceda.com.au/public/publications/growth/growth_53.html" name="DC.relation" /> <meta content="West, Jonathan (2004) Financing Innovation: Markets and the Structure of Risk. Growth 53: Innovating Australia . pp. 12-34. ISSN 0085-1280" name="DC.identifier" /> <meta content="http://eprints.utas.edu.au/2681/" name="DC.relation" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/BibTeX/epprod-eprint-2681.bib" title="BibTeX" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/ContextObject/epprod-eprint-2681.xml" title="OpenURL ContextObject" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/ContextObject::Dissertation/epprod-eprint-2681.xml" title="OpenURL Dissertation" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/ContextObject::Journal/epprod-eprint-2681.xml" title="OpenURL Journal" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/DC/epprod-eprint-2681.txt" title="Dublin Core" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/DIDL/epprod-eprint-2681.xml" title="DIDL" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/EndNote/epprod-eprint-2681.enw" title="EndNote" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/HTML/epprod-eprint-2681.html" title="HTML Citation" type="text/html; charset=utf-8" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/METS/epprod-eprint-2681.xml" title="METS" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/MODS/epprod-eprint-2681.xml" title="MODS" type="text/xml" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/RIS/epprod-eprint-2681.ris" title="Reference Manager" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/Refer/epprod-eprint-2681.refer" title="Refer" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/Simple/epprod-eprint-2681text" title="Simple Metadata" type="text/plain" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/Text/epprod-eprint-2681.txt" title="ASCII Citation" type="text/plain; charset=utf-8" /> <link rel="alternate" href="http://eprints.utas.edu.au/cgi/export/2681/XML/epprod-eprint-2681.xml" title="EP3 XML" type="text/xml" /> </head> <body bgcolor="#ffffff" text="#000000" onLoad="loadRoutine(); MM_preloadImages('images/eprints/ePrints_banner_r5_c5_f2.gif','images/eprints/ePrints_banner_r5_c7_f2.gif','images/eprints/ePrints_banner_r5_c8_f2.gif','images/eprints/ePrints_banner_r5_c9_f2.gif','images/eprints/ePrints_banner_r5_c10_f2.gif','images/eprints/ePrints_banner_r5_c11_f2.gif','images/eprints/ePrints_banner_r6_c4_f2.gif')"> <div class="ep_noprint"><noscript><style type="text/css">@import url(http://eprints.utas.edu.au/style/nojs.css);</style></noscript></div> <table width="795" border="0" cellspacing="0" cellpadding="0"> <tr> <td><script language="JavaScript1.2">mmLoadMenus();</script> <table border="0" cellpadding="0" cellspacing="0" width="795"> <!-- fwtable fwsrc="eprints_banner_final2.png" fwbase="ePrints_banner.gif" fwstyle="Dreamweaver" fwdocid = "1249563342" fwnested="0" --> <tr> <td><img src="/images/eprints/spacer.gif" width="32" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="104" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="44" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="105" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="41" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="16" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="68" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="68" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="68" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="82" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="69" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="98" height="1" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="1" border="0" alt="" /></td> </tr> <tr> <td colspan="12"><img name="ePrints_banner_r1_c1" src="/images/eprints/ePrints_banner_r1_c1.gif" width="795" height="10" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="10" border="0" alt="" /></td> </tr> <tr> <td rowspan="6"><img name="ePrints_banner_r2_c1" src="/images/eprints/ePrints_banner_r2_c1.gif" width="32" height="118" border="0" alt="" /></td> <td rowspan="5"><a href="http://www.utas.edu.au/"><img name="ePrints_banner_r2_c2" src="/images/eprints/ePrints_banner_r2_c2.gif" width="104" height="103" border="0" alt="" /></a></td> <td colspan="10"><img name="ePrints_banner_r2_c3" src="/images/eprints/ePrints_banner_r2_c3.gif" width="659" height="41" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="41" border="0" alt="" /></td> </tr> <tr> <td colspan="3"><a href="http://eprints.utas.edu.au/"><img name="ePrints_banner_r3_c3" src="/images/eprints/ePrints_banner_r3_c3.gif" width="190" height="31" border="0" alt="" /></a></td> <td rowspan="2" colspan="7"><img name="ePrints_banner_r3_c6" src="/images/eprints/ePrints_banner_r3_c6.gif" width="469" height="37" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="31" border="0" alt="" /></td> </tr> <tr> <td colspan="3"><img name="ePrints_banner_r4_c3" src="/images/eprints/ePrints_banner_r4_c3.gif" width="190" height="6" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="6" border="0" alt="" /></td> </tr> <tr> <td colspan="2"><img name="ePrints_banner_r5_c3" src="/images/eprints/ePrints_banner_r5_c3.gif" width="149" height="1" border="0" alt="" /></td> <td rowspan="2" colspan="2"><a href="/information.html" onMouseOut="MM_swapImgRestore();MM_startTimeout()" onMouseOver="MM_showMenu(window.mm_menu_0821132634_0,0,25,null,'ePrints_banner_r5_c5');MM_swapImage('ePrints_banner_r5_c5','','/images/eprints/ePrints_banner_r5_c5_f2.gif',1);"><img name="ePrints_banner_r5_c5" src="/images/eprints/ePrints_banner_r5_c5.gif" width="57" height="25" border="0" alt="About" /></a></td> <td rowspan="2"><a href="/view/" onMouseOut="MM_swapImgRestore();MM_startTimeout()" onMouseOver="MM_showMenu(window.mm_menu_0821133021_1,0,25,null,'ePrints_banner_r5_c7');MM_swapImage('ePrints_banner_r5_c7','','/images/eprints/ePrints_banner_r5_c7_f2.gif',1);"><img name="ePrints_banner_r5_c7" src="/images/eprints/ePrints_banner_r5_c7.gif" width="68" height="25" border="0" alt="Browse" /></a></td> <td rowspan="2"><a href="/perl/search/simple" onMouseOut="MM_swapImgRestore();MM_startTimeout()" onMouseOver="MM_showMenu(window.mm_menu_0821133201_2,0,25,null,'ePrints_banner_r5_c8');MM_swapImage('ePrints_banner_r5_c8','','/images/eprints/ePrints_banner_r5_c8_f2.gif',1);"><img name="ePrints_banner_r5_c8" src="/images/eprints/ePrints_banner_r5_c8.gif" width="68" height="25" border="0" alt="Search" /></a></td> <td rowspan="2"><a href="/perl/register" onMouseOut="MM_swapImgRestore();MM_startTimeout();" onMouseOver="MM_showMenu(window.mm_menu_1018171924_3,0,25,null,'ePrints_banner_r5_c9');MM_swapImage('ePrints_banner_r5_c9','','/images/eprints/ePrints_banner_r5_c9_f2.gif',1);"><img name="ePrints_banner_r5_c9" src="/images/eprints/ePrints_banner_r5_c9.gif" width="68" height="25" border="0" alt="register" /></a></td> <td rowspan="2"><a href="/perl/users/home" onMouseOut="MM_swapImgRestore();MM_startTimeout()" onMouseOver="MM_showMenu(window.mm_menu_0821133422_4,0,25,null,'ePrints_banner_r5_c10');MM_swapImage('ePrints_banner_r5_c10','','/images/eprints/ePrints_banner_r5_c10_f2.gif',1);"><img name="ePrints_banner_r5_c10" src="/images/eprints/ePrints_banner_r5_c10.gif" width="82" height="25" border="0" alt="user area" /></a></td> <td rowspan="2"><a href="/help/" onMouseOut="MM_swapImgRestore();MM_startTimeout()" onMouseOver="MM_showMenu(window.mm_menu_0821133514_5,0,25,null,'ePrints_banner_r5_c11');MM_swapImage('ePrints_banner_r5_c11','','/images/eprints/ePrints_banner_r5_c11_f2.gif',1);"><img name="ePrints_banner_r5_c11" src="/images/eprints/ePrints_banner_r5_c11.gif" width="69" height="25" border="0" alt="Help" /></a></td> <td rowspan="3" colspan="4"><img name="ePrints_banner_r5_c12" src="/images/eprints/ePrints_banner_r5_c12.gif" width="98" height="40" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="1" border="0" alt="" /></td> </tr> <tr> <td rowspan="2"><img name="ePrints_banner_r6_c3" src="/images/eprints/ePrints_banner_r6_c3.gif" width="44" height="39" border="0" alt="ePrints home" /></td> <td><a href="/" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('ePrints_banner_r6_c4','','/images/eprints/ePrints_banner_r6_c4_f2.gif',1);"><img name="ePrints_banner_r6_c4" src="/images/eprints/ePrints_banner_r6_c4.gif" width="105" height="24" border="0" alt="ePrints home" /></a></td> <td><img src="/images/eprints/spacer.gif" width="1" height="24" border="0" alt="" /></td> </tr> <tr> <td><img name="ePrints_banner_r7_c2" src="/images/eprints/ePrints_banner_r7_c2.gif" width="104" height="15" border="0" alt="" /></td> <td colspan="8"><img name="ePrints_banner_r7_c4" src="/images/eprints/ePrints_banner_r7_c4.gif" width="517" height="15" border="0" alt="" /></td> <td><img src="/images/eprints/spacer.gif" width="1" height="15" border="0" alt="" /></td> </tr> </table></td> </tr> <tr><td><table width="100%" style="font-size: 90%; border: solid 1px #ccc; padding: 3px"><tr> <td align="left"><a href="http://eprints.utas.edu.au/cgi/users/home">Login</a> | <a href="http://eprints.utas.edu.au/cgi/register">Create Account</a></td> <td align="right" style="white-space: nowrap"> <form method="get" accept-charset="utf-8" action="http://eprints.utas.edu.au/cgi/search" style="display:inline"> <input class="ep_tm_searchbarbox" size="20" type="text" name="q" /> <input class="ep_tm_searchbarbutton" value="Search" type="submit" name="_action_search" /> <input type="hidden" name="_order" value="bytitle" /> <input type="hidden" name="basic_srchtype" value="ALL" /> <input type="hidden" name="_satisfyall" value="ALL" /> </form> </td> </tr></table></td></tr> <tr> <td class="toplinks"><!-- InstanceBeginEditable name="content" --> <div align="center"> <table width="720" class="ep_tm_main"><tr><td align="left"> <h1 class="ep_tm_pagetitle">Financing Innovation: Markets and the Structure of Risk.</h1> <p style="margin-bottom: 1em" class="not_ep_block"><span class="person_name">West, Jonathan</span> (2004) <xhtml:em>Financing Innovation: Markets and the Structure of Risk.</xhtml:em> Growth 53: Innovating Australia . pp. 12-34. ISSN 0085-1280</p><p style="margin-bottom: 1em" class="not_ep_block"></p><table style="margin-bottom: 1em" class="not_ep_block"><tr><td valign="top" style="text-align:center"><a onmouseover="EPJS_ShowPreview( event, 'doc_preview_3741' );" href="http://eprints.utas.edu.au/2681/1/Financing_Innovation1.pdf" onmouseout="EPJS_HidePreview( event, 'doc_preview_3741' );"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a><div class="ep_preview" id="doc_preview_3741"><table><tr><td><img alt="" src="http://eprints.utas.edu.au/2681/thumbnails/1/preview.png" class="ep_preview_image" border="0" /><div class="ep_preview_title">Preview</div></td></tr></table></div></td><td valign="top"><a href="http://eprints.utas.edu.au/2681/1/Financing_Innovation1.pdf"><span class="ep_document_citation">PDF</span></a> - Requires a PDF viewer<br />1828Kb</td></tr></table><p style="margin-bottom: 1em" class="not_ep_block">Official URL: <a href="http://ceda.com.au/public/publications/growth/growth_53.html">http://ceda.com.au/public/publications/growth/growth_53.html</a></p><div class="not_ep_block"><h2>Abstract</h2><p style="padding-bottom: 16px; text-align: left; margin: 1em auto 0em auto">Over the past two decades, Australia has failed to build significant positions in the technological revolution that has transformed the global economy. In high-tech industries such as software and electronics Australia has been left behind, and in emerging sectors such as biotechnology, it threatens to be. There is no intrinsic reason for Australia's poor innovation performance. Australia is not less entrepreneurial than other developed countries or less scientifically creative. We have the human and financial resources. The challenge is to ensure policy settings provide the right incentives to encourage and develop frontier technologies such as biotechnology and nanotechnology, as well as ensuring the diffusion and upgrading of new technologies within established industries. The CEDA report contains analysis of Australia's recent innovation performance by a group of leading innovation experts. The report argues that an effective national innovation system plays a central role in enhancing competitive capability. If current weaknesses in Australia's innovation track record are not addressed, our future economic development will be seriously impeded.</p></div><table style="margin-bottom: 1em" cellpadding="3" class="not_ep_block" border="0"><tr><th valign="top" class="ep_row">Item Type:</th><td valign="top" class="ep_row">Article</td></tr><tr><th valign="top" class="ep_row">Additional Information:</th><td valign="top" class="ep_row">Meredith, No problem at all. Regards Julie -----Original Message----- From: Meredith McCoy [mailto:Meredith.McCoy@utas.edu.au] Sent: None </td></tr><tr><th valign="top" class="ep_row">Subjects:</th><td valign="top" class="ep_row"><a href="http://eprints.utas.edu.au/view/subjects/360201.html">360000 Policy and Political Science > 360200 Policy and Administration > 360201 Public Policy</a><br /><a href="http://eprints.utas.edu.au/view/subjects/360203.html">360000 Policy and Political Science > 360200 Policy and Administration > 360203 Research, Science and Technology Policy</a><br /><a href="http://eprints.utas.edu.au/view/subjects/350211.html">350000 Commerce, Management, Tourism and Services > 350200 Business and Management > 350211 Innovation and Technology Management</a></td></tr><tr><th valign="top" class="ep_row">ID Code:</th><td valign="top" class="ep_row">2681</td></tr><tr><th valign="top" class="ep_row">Deposited By:</th><td valign="top" class="ep_row"><span class="ep_name_citation"><span class="person_name">Miss Alexandra Lejda</span></span></td></tr><tr><th valign="top" class="ep_row">Deposited On:</th><td valign="top" class="ep_row">09 Jan 2008 08:26</td></tr><tr><th valign="top" class="ep_row">Last Modified:</th><td valign="top" class="ep_row">09 Jan 2008 08:26</td></tr><tr><th valign="top" class="ep_row">ePrint Statistics:</th><td valign="top" class="ep_row"><a target="ePrintStats" href="/es/index.php?action=show_detail_eprint;id=2681;">View statistics for this ePrint</a></td></tr></table><p align="right">Repository Staff Only: <a href="http://eprints.utas.edu.au/cgi/users/home?screen=EPrint::View&eprintid=2681">item control page</a></p> </td></tr></table> </div> <!-- InstanceEndEditable --></td> </tr> <tr> <td><!-- #BeginLibraryItem "/Library/footer_eprints.lbi" --> <table width="795" border="0" align="left" cellpadding="0" class="footer"> <tr valign="top"> <td colspan="2"><div align="center"><a href="http://www.utas.edu.au">UTAS home</a> | <a href="http://www.utas.edu.au/library/">Library home</a> | <a href="/">ePrints home</a> | <a href="/contact.html">contact</a> | <a href="/information.html">about</a> | <a href="/view/">browse</a> | <a href="/perl/search/simple">search</a> | <a href="/perl/register">register</a> | <a href="/perl/users/home">user area</a> | <a href="/help/">help</a></div><br /></td> </tr> <tr><td colspan="2"><p><img src="/images/eprints/footerline.gif" width="100%" height="4" /></p></td></tr> <tr valign="top"> <td width="68%" class="footer">Authorised by the University Librarian<br /> © University of Tasmania ABN 30 764 374 782<br /> <a href="http://www.utas.edu.au/cricos/">CRICOS Provider Code 00586B</a> | <a href="http://www.utas.edu.au/copyright/copyright_disclaimers.html">Copyright & Disclaimers</a> | <a href="http://www.utas.edu.au/accessibility/index.html">Accessibility</a> | <a href="http://eprints.utas.edu.au/feedback/">Site Feedback</a> </td> <td width="32%"><div align="right"> <p align="right" class="NoPrint"><a href="http://www.utas.edu.au/"><img src="http://www.utas.edu.au/shared/logos/unioftasstrip.gif" alt="University of Tasmania Home Page" width="260" height="16" border="0" align="right" /></a></p> <p align="right" class="NoPrint"><a href="http://www.utas.edu.au/"><br /> </a></p> </div></td> </tr> <tr valign="top"> <td><p> </p></td> <td><div align="right"><span class="NoPrint"><a href="http://www.eprints.org/software/"><img src="/images/eprintslogo.gif" alt="ePrints logo" width="77" height="29" border="0" align="bottom" /></a></span></div></td> </tr> </table> <!-- #EndLibraryItem --> <div align="center"></div></td> </tr> </table> </body> </html>