Australia has a problem. An innovation problem. But not the problem most people imagine. It isn’t that we lack highly-educated individuals who are good at research – we have plenty of those. It isn’t a dearth of great ideas – we punch above our weight when it comes to great ideas. It isn’t that we have a deficit of people willing to ‘have a go’ – we are well endowed with folk like that. Australia’s valley of death . Australia’s innovation problem relates to the failure of great ideas making it through what is called the ‘valley of death’. Hard working, intelligent entrepreneurs with important innovation initiatives often find they are unable to get past the conceptual or prototype stages; or their innovation withers away due to a lack of funding or, importantly, the know-how about where to get the best advice and support.