3 ms·

One area where I hope things might be different is biotech. The markets are always global, and there is a lot of scientific talent here. The disadvantages compa

by Gatsky 11y ago

One area where I hope things might be different is biotech. The markets are always global, and there is a lot of scientific talent here. The disadvantages compared to other countries is less I think just due to the nature of biotech. There are going to be big opportunities as healthcare in Asia is transformed by increasing personal wealth in China and South East Asia.

danieltillett 11y ago
My business is technically in the biotech area and if anything biotech is worse. The problem is biotech takes long term susustained funding to succeed which Australia lacks the will to provide. We have great scientists who are incredibly inventive, but turning this opportunity into viable businesses seems beyond us. We would rather as a nation speculate in residential real estate than use our very competitive science skills.
- chris_wot 11y ago
  Ah, now I know where you are coming from. Yeah, we have amazing potential around biotechnology, but the current government cut funding to the CSIRO by $111 million and scrapped the Science Ministry when they won government, then recreated it last year and put as its head Ian MacFarlane who said of Scientists who weren't happy about a lack of a dedicated Science Minister: "But I hear it constantly from some of the precious petals, can I say, some of the precious petals in the science fraternity, and if you can’t guess, I won’t accept it.” So I'm not surprised you don't think startup culture is great in Australia!
  - danieltillett 11y ago
    It is even worse than this - we have almost all the conditions (both culturally and economic) to develop one of the best startup cultures in the world, yet we let ourselves down time and time again for totally stupid reasons.
    - chris_wot 11y ago
      Serious question: what would we need to change to allow for startup culture to flourish in Australia? I'm genuinely interested - from your ASIN patent I can see you are developing a way of ameliorating issues in sequencing genomes. I have virtually no understanding of DNA, but from reading the first few paragraphs of your patent, it looks like you are one of Australia's innovators! P.S. You need to fix the patent page on your website. It seems to have been lopped into two columns, and is impossible to read. Just a heads up.
      - danieltillett 11y ago
        I actually think we don’t need to change that much as we have nearly all the things in place for creating a great startup environment. Since it is a bit long for just a post here I think will make it a blog post on personal website. I had forgotten that the ASIN patent was even on the Nucleics website. It was being used for an old SEO experiment. I have fixed it up so at least you can read it now :)
- jondubois 11y ago
  Ah yes, the Sydney real estate situation is horrible. It seems that the Australian government is desperate to attract investors to buy Australian property. I even started getting telemarketing calls from random people asking me to invest in their property funds. It definitely looks like a housing bubble. I'm seriously hoping that it bursts soon, rent is just getting ridiculous.
  - danieltillett 11y ago
    As someone exposed to the Sydney real estate market it is definitely insane right now. When this bubble bursts it is going to very nasty for everyone.

by Gatsky 11y ago

danieltillett 11y ago

My business is technically in the biotech area and if anything biotech is worse. The problem is biotech takes long term susustained funding to succeed which Australia lacks the will to provide. We have great scientists who are incredibly inventive, but turning this opportunity into viable businesses seems beyond us. We would rather as a nation speculate in residential real estate than use our very competitive science skills.

chris_wot 11y ago
Ah, now I know where you are coming from. Yeah, we have amazing potential around biotechnology, but the current government cut funding to the CSIRO by $111 million and scrapped the Science Ministry when they won government, then recreated it last year and put as its head Ian MacFarlane who said of Scientists who weren't happy about a lack of a dedicated Science Minister: "But I hear it constantly from some of the precious petals, can I say, some of the precious petals in the science fraternity, and if you can’t guess, I won’t accept it.” So I'm not surprised you don't think startup culture is great in Australia!
- danieltillett 11y ago
  It is even worse than this - we have almost all the conditions (both culturally and economic) to develop one of the best startup cultures in the world, yet we let ourselves down time and time again for totally stupid reasons.
  - chris_wot 11y ago
    Serious question: what would we need to change to allow for startup culture to flourish in Australia? I'm genuinely interested - from your ASIN patent I can see you are developing a way of ameliorating issues in sequencing genomes. I have virtually no understanding of DNA, but from reading the first few paragraphs of your patent, it looks like you are one of Australia's innovators! P.S. You need to fix the patent page on your website. It seems to have been lopped into two columns, and is impossible to read. Just a heads up.
    - danieltillett 11y ago
      I actually think we don’t need to change that much as we have nearly all the things in place for creating a great startup environment. Since it is a bit long for just a post here I think will make it a blog post on personal website. I had forgotten that the ASIN patent was even on the Nucleics website. It was being used for an old SEO experiment. I have fixed it up so at least you can read it now :)
jondubois 11y ago
Ah yes, the Sydney real estate situation is horrible. It seems that the Australian government is desperate to attract investors to buy Australian property. I even started getting telemarketing calls from random people asking me to invest in their property funds. It definitely looks like a housing bubble. I'm seriously hoping that it bursts soon, rent is just getting ridiculous.
- danieltillett 11y ago
  As someone exposed to the Sydney real estate market it is definitely insane right now. When this bubble bursts it is going to very nasty for everyone.