Australian government and business leaders should start assuming Australia is world class in deeptech, “instead of assuming we’re second best or third best”, Cicada Innovations CEO Sally-Ann Williams has told this year’s Tech23 conference..
Asked by innovation leader Sandy Plunkett why Australian governments consistently fail to procure home-grown tech, Williams said “we don’t actually back ourselves”.
“I’ve been to a few national conferences this year where we’ve had an international speaker come in and talk to us…and quite frankly, I could give you five Australians right now…who have greater knowledge, greater capability, and better businesses that could have been on the stage talking,” Williams said.
She added that the world was at an inflection point in the types of science and engineering businesses that are needed to help people and the planet address current challenges, which presents a real opportunity for Australian innovators.
“We’re actually seeing the deep tech revolution, right? Because we can’t solve these problems that we are facing around health and food and climate with simple solutions,” Williams said.
“And that line that we’re great adopters of technology, can we please just put a nail in the coffin of that?
“Yeah, sure, we adopt it, but we love our homegrown tech. Google Maps…was founded in Australia. Nobody would have Wi-Fi if it wasn’t for us. So we need to back ourselves. We’re bloody good at this. And it’s time we wake up to that.”
The discussion comes amid controversy over the federal and Queensland’s government’s decision to award $840 million to American firm PsiQuantum, to support its attempt to build the world’s first utility-scale fault-tolerant quantum computer in Australia.
Williams added that a systems approach was required, with scientists, engineers, government, community and business coming together to shift the dial. And patience.
“If you think about nurturing a child, you don’t throw them out into the wild three months after they’re born,” Williams said.
“You actually nurture them for a very, very long time, And hopefully train them to be good, responsible citizens in the world, But that takes time, And it takes the same to build businesses. It takes even more to build entire sectors.”
ShanShan Wang, founder of portable oxygen company Roam Technologies, agreed Australia was at an inflection point for commercialisation of deep tech, with AI and machine learning making innovation even more accessible.
“For clinical trials we are one of the best in the world. Why are we not commercialising a lot of these technologies coming out of universities or coming out of industries?” Wang pondered.
“We can compete if not be one of the top games in the business.”
Wang added that more knowledge sharing was required across industry, including openly talking about failure.
“Failure shouldn’t be shamed,” Wang said. “Failure is an opportunity, it’s a learning experience.”