I thought it was absolutely hilarious that Innovation Minister (OK, that is hilarious in itself), Christopher Pyne, should say that the Innovation Statement (aka National Innovation Agenda – NIA) must go beyond buzz words and then proceed to reel off multiple buzz words.
I think the Cat should have a competition about the number of meaningless buzz words that will be contained in the statement to be issued next week. (Do you notice how these meaningless words and phrases just roll off the tongues of the rent seekers?)
Here’s the beginning of the list:
- entrepreneurial ecosystem
- innovation hubs
- technology accelerators
- start-ups (various forms, always exciting, hopefully high-growth)
- high-impact entrepreneurship (because low impact would never do)
- government as exemplar (that one really cracks me up; been down to a Centrelink office lately?)
- crowd-sourced funding, with exemptions from governance and reporting requirements so investors can be fleeced
- university-industry collaboration, specific form of culture of collaboration
- angels (just not the Gabriel type)
- building management capability
- facilitating new market development
- eliminating the fear of failure (I really love that one too).
Of course if the government doesn’t have a long-term strategic innovation framework, we will be completely ROONED.
The one thing I do like about all this innovation chatter is the adulation for Israel and its innovation model. Given the deep unpopularity of Israel among the left and their support for BDS, give us more Israel talk, I say.
(Is it passing strange that the Australian economy has been one of the better performers over the past 20 years and we have done this without all this crap? France has a you-beaut National Innovation Strategy and that has worked really well for that economy.)