Research Commercialisation in Public Research Organisations: Enhancing Success in Healthcare Innovation
Our project, titled “Research Commercialisation in Public Research Organisations: Enhancing Success in Healthcare Innovation,” focuses on understanding and improving the processes through which public research organisations like NAL translate scientific knowledge into commercial products. It seeks to develop clear managerial guidelines to enhance innovation success rates, set up strong healthcare innovation ecosystems, and increase R&D investment efficiency.
Leveraging the Macquarie Business School’s at Macquarie University renowned expertise in healthcare innovation and NAL’s industry leadership in Hearing healthcare and solutions, this project epitomises a collaborative approach that bridges the gap between academia and industry.
“This project will provide valuable insights and practical guidelines for public research organisations to effectively bring innovative healthcare solutions to market. The results will not only amplify the impact of our research commercialisation efforts at NAL but also bolster research translation for public research organisations both nationally and globally.” – Dr. Brent Edwards, Director of National Acoustic Laboratories.
“Australia has been home to many important innovations in the broader healthcare context, but as a country we have been relatively slow to embrace innovation, with policies struggling to connect individuals, organizations, and institutions of higher education and research. This is a major challenge as developing and implementing value-generating strategies to drive entrepreneurship and innovation are central for societal wealth, economic growth, and firm success. Therefore, it is exciting to connect with NAL to identify pathways to improve innovation success across the entire healthcare ecosystem, especially in public research organisations, and to ultimately increase their commercialization success” – Ralf Wilden.
“I am excited to be part of a research project that is marries my passion with my professional job and continuous learning. My job at NAL is translating research into valuable products with renowned science innovators, while this PhD project allows me to translate the collective lessons learnt back to academia for future science innovators who aspire to amplify the impact of their work through innovation.” – Xiaoyin Shang, PhD candidate and Head of Strategy and Innovation at NAL.