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A message from the Chair
Are you a technology entrepreneur?
Dr Karl Foger - storEnergy Chair
 
There are many pathways to commercialise research findings, starting from collaborative research or contract research with industry partners capable of development through to a commercial product, to developing the technology to a defined maturity stage, protect the IP and then license the technology to one or more companies for commercial exploitation.
 
The highest risk (about 2/3 of ventures fail within 10 years), but most exiting path is commercialisation through creation of a start-up company. The challenge is how to turn an idea, a research result into a start-up venture.
 
It takes a vision, key people, hard work, dedication, persistence and very importantly MONEY. It is a roller coaster ride – prepare for the unexpected, mistakes and setbacks will happen, and it always takes longer and requires more funds than originally predicted.
 
Success comes with people. A start-up needs a “driver (single person or small team)”, and the first important task is to build an effective team skilled in the core technology, in product development to the more administrative/management tasks. A successful “driver” has outstanding communication skills to translate the technical concept to a compelling story in order to secure funding from investors (for example an angel investor or venture capitalist). The person has to demonstrate a deep understanding of the field and of competing technologies, but also radiates passion, believes in the concept/technology and fully commits to the start-up. Are you this person?
 
It is equally important to have real understanding what the value of R&D or technology is, and to be able to articulate a clear vision how to convert the idea, R&D results or technology into products a customer is prepared to buy. A business plan and a detailed technology/product development plan with milestones are key to success – but it is important to keep in mind that these are living documents not “written in stone’ but updated when new data become available.
 
A final advice about a common trap engineers and technologists often fall into – do not attempt to develop the “perfect” product in the laboratory. As soon as the device or software is somewhat customer ready, get it out for customer testing/operation. This is the fastest way to get a product market ready.
 
#storEnergySocials

Yes, storEnergy is online! Get engaged and check us out on LinkedIn, Instagram, Twitter or at the Centre website. Here's a few social media stories that have caught our eye!
  • Well done to Dr. Colin Kang for his fascinating presentations on ether functionalised ionic liquids at the RACI VIC 2021 and IUPAC CCCE 2021 conferences
  • Energy supplied by brown coal in Victoria hits record low as renewables supply 72% of the state’s energy demand #RenewableLedRecovery.
  • Renewable energy and battery specialists AceOn team-up with Faradion to bring their safe, sustainable, and low-cost sodium-ion batteries for use in sub-Saharan Africa.
  • Listen to Prof. Patrick Howlett thoughts on the Calix BATMn reactor, and why battery research is fundamental to a more sustainability world.
  • Congratulations to Prof. Jenny Pringle and Dr. Colin Kang for their front page feature in Materials Chemistry Frontiers.

Centre Activity

  • Lots of great seminars including:
    • Circular Economy start with good design - Prof. John Gertsakis
    • Strategies to establish a successful career in science - Dr Andrew Nattesdad
    • Battery reuse and recycling between two businesses collaboration - Mr Mike O'Hanlen and Mr Michael Coghill
    • Intellectual Property in Career Research (II) - Prof. Doug MacFarlane
  • Congratulation to PhD student Dale Duncan on finishing runner up at the Monash Chemistry 3MT
  • Dr Cristina Pozo-Gonzalo has been invited by PV magazine to give a talk on battery recycling/the circular economy on the All-Energy Australia's annual Insight on Quality
  • The next storEnergy Workshop will take place online on 25th September. Save the date - registration details will be out soon. 

Climate LaunchPad Success

  • Congratulations to storEnergy PhD student Mojtaba Eftekharnia and the rest of the #SEELabs team for their success at the Australia National Final of the ClimateLauchpad competition. They now progress onto the South-East Asia part of the competition where we wish them the best of luck!
  • The competition gathers together groups with new cleantech and green business ideas and pitch them against each other.
  • To learn more about SEELabs and the Climate LaunchPad competition click on the following link: CLP21

Publications, publications and more publications

 
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