Image: “Steve You’re an Ideas Man” …… Darryl Kerrigan The Castle 1997
The mining boom is over. Everyone is saying it and, in a welcome addition to government policy, Prime Minister Malcolm Turnbull’s recent innovation statement unveiled a $1.1 billion initiative to promote and encourage greater innovation by Australian businesses and individuals. Included among the changes are tax exemptions to ease the pressure on start-ups, additional funding for STEM education and changes to bankruptcy law to minimise the impact of failure.
As an organisation which owes its success to its innovative approach, Barmco Mana McMurray strongly welcomes the proposed changes. We know that good ideas can change the world for the better and should be treated as one of our most important resources. Why not start a mining boom that is focused on mining the resources inside our heads instead of in the ground? We also recognise that success does not happen overnight, and believe that rewarding success is more productive than punishing every misstep. Failure is the essence of learning; to disregard its value is a great oversight.
In particular, Barmco Mana McMurray strongly supports encouraging Australians to become world leaders in STEM innovation. To this end we are already involved with the TechLauncher initiative at the ANU through the Integrated Building Services Network Development. This program gives students the choice to create start-up software companies under the guidance of experienced industry mentors, or to work with industry professionals like Barmco Mana McMurray on real-world projects. Click here to read more about the program.
Other changes in the package announced by the Prime Minister welcomed by Barmco Mana McMurray commit $51 million for programming courses for students between years 5-7, $13 million to encourage women to pursue STEM education and $48 million to promote science and maths to students. Ideas do not just emerge out of thin air, and it is encouraging to see the government enabling the innovators of the future—the next generation of engineers, scientists, educators and innovators. Again, Barmco Mana McMurray is already involved with the next generation through its internship program, which is linked with the University of Canberra internship placement programme and provides hands-on, practical experience to new or nearing graduates—an opportunity to gain some genuine experience and to be mentored by those with years of experience. Barmco Mana McMurray also views internships as a two-way street, helping us to stay abreast of new developments as they are being taught in the universities. Click here to read more about internships at Barmco Mana McMurray.
While the practical impacts of the Prime Minister’s statement remain to be seen, Barmco Mana McMurray is optimistic for the future and views the changes as an essential step in the right direction. It is reassuring to see the government actively supporting the innovators who will shape the future of Australia and beyond.