“Yesterday, I made a statement to a colleague that sparked a lively debate: ‘An innovator’s job is to make innovation boring as quickly as possible.’ She looked at me in surprise—probably wondering how the founder of a deep-tech innovation house could say such a thing! The word ‘boring’ didn’t land quite as I intended. But as we discussed further, we touched on the importance of demystifying innovation to make better, more grounded decisions around it.
Our conversation shifted to how much revenue companies invest in innovation, with Cochlear as a case study—a true Australian success story. It turns out Cochlear invests around 12% of its revenue into R&D, ranking it among the best in the world.
At Scimita Group, we believe innovation shouldn’t be mysterious or overwhelming. Our Innovation Governance Framework, and particularly our Commercial Readiness Level, empowers innovators—whether ASX-listed, conglomerate, startup, or university—to approach innovation with clarity and purpose.
Demystifying innovation means making it real, actionable, and impactful. What comes to your mind if you hear "An innovator’s job is to make innovation boring as quickly as possible."?
#InnovationGovernanceFramework #CommercialReadinessLevel #AustraliaInnovation #Researchanddevelopment #BusinessSuccess #TechEntrepreneurship
Project Medtech Chief Operating Officer | Medtech Enthusiast | Entrepreneur
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