SA Director

Issue No. 9 - February/March 2003

New Program for Directors of Start Ups to be Conducted in SA

In a bid to lower the 90 percent failure rate of start-up companies, Australian Institute of Company Directors (AICD) and Australian Institute of Commercialisation (AIC) will be launching a one and a half day program for directors of start-up companies in Adelaide on 17th & 18th of March.

While Federal Government funding into research stands at $5.2 billion a year with the private sector contributing an equal amount, Australia’s ability to turn inventions into commercial reality continues to deliver a high failure rate. The AICD/AIC program aims to assist in correcting this trend.

“Directors of start-up companies in Australia face financial, strategic, and corporate governance challenges which may not arise in established companies, “ said Acting-Chief Executive Officer of AIC, Mike Hefferan.

“Commercialisation of intellectual property or technology often requires the creation of new markets, rather than simply building market share. It may ...

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