Innovation is driven by firms of all sizes. However, it is the small firms that make up the majority of all businesses in the world. Although most of these firms are not focused on innovation and growth, those that are, can make a major impact.
This event focuses on the lessons from three innovative small firms (ISFs) from Western Australia, Skin Elements Ltd., Scanalyse Pty Ltd., and Live Technologies Pty Ltd. Each firm operated in a different industry, with different technologies. However, their experiences of commercialisation offer valuable insights and lessons in how to navigate the challenging process of new product development.
Their stories, along with those of many other similar firms, are captured in a new research book Commercialisation and Innovation Strategy in Small Firms, newly published by Springer Nature.