“Quicklook” Assessment of Greater Adelaide's Assets & Challenges ...

• Jurgen is putting a working group together to come up with a common process for
inventor reward system. (major issue)
• Universities: 30 to inventor, 30 to university, 30 commercialization arm. University
is ‘paid twice.’ This scenario is OK if you license the technology. What happens if
you want to spin out a company? Now the model doesn’t work because the
inventor goes to the company and the system gets messy and unclear
(INHIBITING FACTOR). There can be some ‘nasty brawls’ as a result.
How does US support its industries? Is there a general policy – no there is not a policy.
Our government leaves industry alone – the only time it steps in when there is a fairness
issue.
Perceptions (from other parts of Australia)
• House prices are lower
• Salaries are lower and career path doesn’t look exciting
• How do you keep good staff in Adelaide?
• Benefits of being in a small community need to be addressed
• They just had all their interstate sales people to Adelaide last week – and they
were surprised to find out so many things going on.
• People want to retire here and to raise children here. Perceived as a great place
to send your kids to school.
• People don’t want to double our population – don’t want the change
• SA residents don’t talk up the area when they are in other regions. They do not
promote this state. The reason is unclear – it could be that they don’t understand
it themselves (BV2010 has produced a pamphlet to help this = business
ambassadors)
• Action item for SA is to get the real figures on young people wanting to leave SA.
SA used to be seen as the innovative state, it is the second place in the world to give
women the vote. also early for women entering universities. Now they are seen as being
behind – even though they don’t think they are. “sleepy hollow and poor relative’
community. There are cultural issues that override everything else that are going on.
Overview
Barbara: Health is not seen as an industry by government. Health outcomes compare
favorably against the rest of the world (except for indigenous culture).
• Average age for women 85 for men 81.
• Everyone has health care – universal for natives and visitors
• Industry s worth about 44 billion dollars. Small to medium companies and very
highly skilled labor. 800,000 people and 8.5% of GDP
• Bane of existence is that they import most of their products (11B), 90% is
imported from the US (medical devices, pharmaceuticals, medicine).
• Health IT – Australia is doing very well
• Industry can only grow.
Video:
• Major training, resource and product research area
• Center is in proximity to south pacific countries
• Lord Florey played a significant part in developing penicillin
• Foundation has provided a rich infrastructure – 149 doctors for every 100K
citizens (3 rd in the world)
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