Innovation
Services
The challenge is to turn ideas into commercial success. The NSW
Government is committed to advancing innovation. Innovation is
one of the main drivers of economic growth, wealth and employment.
Research has shown that innovation, when properly managed, can
produce a higher rate of return than many other forms of investment.
What Qualifies as an Innovation? Any original concept, new or
improved device, product, material, business process or services
falls within the definition of innovation and will be considered
for assistance at NSW Innovation Advisory Centres. Why Evaluate
or Assess an Innovation? Only a very small number of innovations
end up making money in the marketplace. Many factors can contribute
to this low success rate, such as:
• The innovation is not technically feasible
• There is little demand for the innovation
• The development of the innovation has been poorly planned
• The innovation is unable to be produced at competitive
prices
• There is inadequate knowledge of the marketplace and competitors
• There is inadequate management skill to commercialise
the innovation
All these factors can be addressed by looking ahead and by getting
good advice. If you have a new idea, or a new product that you
think may be marketable, why not use the innovation services
online or the innovation advisory centres to assist you in its
development? Innovation services online www.ausinvent.com this
website is for inventors and provides the following services:
• Innovation development software to help new inventors
take the initial steps towards marketing and production of their
inventions
• Innovation advisory support- information and support mechanism
for individuals and businesses with innovation enquiries
• News line-up to date interest items and innovation features
from around the world
• Virtual inventors Exhibition- a part of the website where
inventors can exhibit their wares, can network and can market
their ideas
• Whats new feature- updated articles covering new inventions
and recent developments innovation advisory centres each centre
offers a range of services to help you make your idea more marketable
and profitable - services include:
o Access to self-assessment software
o Business advice and referral
o Low cost technical assessment a New South Wales Innovation Advisory
centre is your first step along the path to successful commercialisation
It will help you begin your planning with advice and self-assessment.
The assessment/Evaluation Process The innovation advisory centre
will assist you with an objective assessment/evaluation of your
innovation to determine its chances of success. Each centre offers
the following:
1. Self-Assessment Analysis (free services)
2. Access to a specially-designed computer program which asks
you 32 pertinent questions regarding your innovation
3. A confidential print out of the questionnaire will assist you
with further research required.
For further information or to arrange an interview time contact:
 
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