The Market for Technology in Australia. Over the last 5 years, formalised markets for technology have accelerated in the US. However, there is no recognised formal market in Australia. Results from our primary data collection and analysis will highlight whether deficiencies in the market for technology are creating obstacles for the commercialisation of Australian technology. This is a particularly important issue for Australia given our relative isolation arising from geographical distance and ....The Market for Technology in Australia. Over the last 5 years, formalised markets for technology have accelerated in the US. However, there is no recognised formal market in Australia. Results from our primary data collection and analysis will highlight whether deficiencies in the market for technology are creating obstacles for the commercialisation of Australian technology. This is a particularly important issue for Australia given our relative isolation arising from geographical distance and lack of attachment to a major trading bloc such as the EU or NAFTA.Read moreRead less
Economic interactions between scientists and commercial interests and their impact on scientific knowledge dissemination: a theoretical and empirical investigation. In recent decades, the debate between scientists, policy-makers and businesses on the usefulness of scientific discoveries has been intense. Despite its clear economic implications, there has been very little economic modeling of the interactions between scientists and firms on key choices such as publication rights and licensing agr ....Economic interactions between scientists and commercial interests and their impact on scientific knowledge dissemination: a theoretical and empirical investigation. In recent decades, the debate between scientists, policy-makers and businesses on the usefulness of scientific discoveries has been intense. Despite its clear economic implications, there has been very little economic modeling of the interactions between scientists and firms on key choices such as publication rights and licensing agreements associated with patent protection. These choices impact on the diffusion of scientific knowledge and their productive applications. This project will examine those interactions both at a theoretical and empirical level with the goal of generating insights into whether and how public policy makers should regulate or leave unchecked the commercialisation of science.Read moreRead less
Managing the Diffusion of Innovations: Understanding the Processes of R&D Collaboration in East Asia and drawing lessons for Australia. A series of collaborative R&D ventures have emerged in East Asia, within quite distinctive institutional frameworks. Unlike the case of many of the collaborative arrangements in the US, Europe or Japan, where mutual risk reduction is frequently the driving influence, in the case of Taiwan, Korea and Singapore it is technological learning, upgrading and catch-up ....Managing the Diffusion of Innovations: Understanding the Processes of R&D Collaboration in East Asia and drawing lessons for Australia. A series of collaborative R&D ventures have emerged in East Asia, within quite distinctive institutional frameworks. Unlike the case of many of the collaborative arrangements in the US, Europe or Japan, where mutual risk reduction is frequently the driving influence, in the case of Taiwan, Korea and Singapore it is technological learning, upgrading and catch-up industry creation that is the object of the collaborative exercises. The study is concerned with the evolving organizational architecture of these R&D alliances and seeks to draw comparisons between them and established collaborative arrangements in the USA, Japan and Europe, and draw lessons for Australia.Read moreRead less
Cyclical industrial dynamics in high-technology industry: The case of Flat Panel Displays. Australian high-technology industry policy is strongly focused on securing entry by Australian firms into such industries as semiconductors and flat panel displays (which utilize ICT and photonics technologies). Success to date has been modest. One of the prime barriers to entry is the cyclical character of the industries - in the sense that firms in East Asia appear to have secured entry only during downt ....Cyclical industrial dynamics in high-technology industry: The case of Flat Panel Displays. Australian high-technology industry policy is strongly focused on securing entry by Australian firms into such industries as semiconductors and flat panel displays (which utilize ICT and photonics technologies). Success to date has been modest. One of the prime barriers to entry is the cyclical character of the industries - in the sense that firms in East Asia appear to have secured entry only during downturns. A deeper understanding of the cyclical industrial dynamics of such industries promises to enhance the prospects for successful entry by Australian firms, and thereby contribute to fulfilling the goals of public policy in this area.Read moreRead less
Developing a Coalitional Approach to Business Strategy and Industrial Organisation: Theory and Empirical Operationalisation. Recent advances in game theory have had an impact on understanding the strategic implications of some business actions. However, of considerable more use to business would be a set of tools that can identify strategic opportunities taking into account all of the reactions from rivals and others in the market place. This project will use coalitional game theory to develop t ....Developing a Coalitional Approach to Business Strategy and Industrial Organisation: Theory and Empirical Operationalisation. Recent advances in game theory have had an impact on understanding the strategic implications of some business actions. However, of considerable more use to business would be a set of tools that can identify strategic opportunities taking into account all of the reactions from rivals and others in the market place. This project will use coalitional game theory to develop those tools and then take those tools and operationalise them utilising Australian data. The end result will be new studies of the strategic environment facing Australian business and recommendations that will hopefully improve the productivity of Australian industry.Read moreRead less
Uncertain Intellectual Property Rights and Start-Up Commercialisation Strategy. This project will consider a perviously unexploited fact about the patent process: that there is a lag between patent application and patent granting during which important trade in ideas (e.g., licensing or other cooperative agreements) can take place. At both theoretical and empirical, we will attempt to understand the drivers of pre-patent licensing and its impact on Coasian bargaining. The aim is to better unders ....Uncertain Intellectual Property Rights and Start-Up Commercialisation Strategy. This project will consider a perviously unexploited fact about the patent process: that there is a lag between patent application and patent granting during which important trade in ideas (e.g., licensing or other cooperative agreements) can take place. At both theoretical and empirical, we will attempt to understand the drivers of pre-patent licensing and its impact on Coasian bargaining. The aim is to better understand the effects of uncertain property rights on the efficient operation of markets for ideas.Read moreRead less
Knowledge and Networks: An Evaluation of Patent Citation Activity and Active Knowledge Networks. Although many methods from many disciplines have been used, somewhat imperfectly, to examine knowledge creation and knowledge networks, the most accepted method in economics and strategy is patent citation analysis. Yet, even users of the methodology recognize that it is an imperfect measure of innovation, innovativeness and network linkages between innovations. The study sets up a methodology to ex ....Knowledge and Networks: An Evaluation of Patent Citation Activity and Active Knowledge Networks. Although many methods from many disciplines have been used, somewhat imperfectly, to examine knowledge creation and knowledge networks, the most accepted method in economics and strategy is patent citation analysis. Yet, even users of the methodology recognize that it is an imperfect measure of innovation, innovativeness and network linkages between innovations. The study sets up a methodology to examine the relationship between citations and network interactions between patent applicants. The value of the research is in providing a better measure of innovation and knowledge and in the normative lessons about establishing better scientific networks.Read moreRead less
The innovation pool in Australian biotechnology: assessing strategies for fostering innovation through patenting and patent pooling. The current patent system was designed for a very different research environment than that in which the global biotechnology industry operates. Rather than facilitating innovation there is evidence that the system can unduly restrict R&D. Patent pooling is being promoted internationally as a way to facilitate innovation. However, potential pitfalls are also recogni ....The innovation pool in Australian biotechnology: assessing strategies for fostering innovation through patenting and patent pooling. The current patent system was designed for a very different research environment than that in which the global biotechnology industry operates. Rather than facilitating innovation there is evidence that the system can unduly restrict R&D. Patent pooling is being promoted internationally as a way to facilitate innovation. However, potential pitfalls are also recognised, and work is underway to develop appropriate regulation. Australia cannot afford to be left behind: urgent consideration must be given to the desirability of patent pooling and the regulatory changes that are required to allow it to function in the national interest. The proposed research will provide the data necessary to make informed decisions on this critical issue. Read moreRead less
Creating and capturing value in biotechnology: Can organisations sustain themselves through open source-style licensing and collaboration? Innovation is sometimes thought of exclusively in scientific and technological terms. But it is actually much broader, occurring in the way that commercial and non-commercial organisations seek to create and capture value - their business models. Like technological innovation, business model innovation is crucial to economic growth, but it is also fraught wi ....Creating and capturing value in biotechnology: Can organisations sustain themselves through open source-style licensing and collaboration? Innovation is sometimes thought of exclusively in scientific and technological terms. But it is actually much broader, occurring in the way that commercial and non-commercial organisations seek to create and capture value - their business models. Like technological innovation, business model innovation is crucial to economic growth, but it is also fraught with uncertainty, complexity and risk. This project will engage with biotechnology organisations that are actively seeking to develop new business models in order to understand the innovative process and identify ways in which other actors can support their efforts through policy, funding and other interventions. Read moreRead less