Aussie Inventions -  Success or Failure?

Introduction Australians by nature are very inventive, our pioneering ancestors often developed labour saving devices to make their simple lives better.  They were noted recyclers for example they often used kerosene tins as drawers in their furniture, and when things broke they were repaired with fencing wire and baling twine. Hence the phrase "necessity is the mother of invention". Read History has also shown that Australian are very poor entrepreneurs, many inventions have been developed to marketable products overseas and Australians have not benefited financially from their inventiveness. This has often meant that inventors have not gained the recognition they deserve, for example David Warren the inventor of the "Black Box Flight Recorder". The New South Wales Design and Technology Syllabus requires that students in the Stage 6 year complete a Case Study on Innovation and Emerging Technologies. This module is aimed at assisting students with the development of this Case Study focusing on: factors which may impact on successful innovation and  entrepreneurial activity

Something to ponder! You are an Australian entrepreneur and have $100000 dollars to invest in an Aussie Invention.   Various inventors have approached you hoping that you would be willing to back their idea.

Question: How would you would protect your investment and insure the success of the invention in the Australian market?

Your Task Research several Australian Inventions, identifying factors that have made them a success or a failure. Worksheet

Related Outcome: NSW Design and Technology Stage 6 Syllabus H3.1 analyses the factors that influence innovation and the success of the innovation

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