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Using biology and electronics to improve people’s lives



Matching the internal electrical stimulation and electronics to be able to improve people’s lives

When you think of companies leading the world in their field, the Bionics Institute is one that instantly comes to mind.

From developing medical devices and therapies that will change the lives of people living with conditions such as Alzheimer’s, to helping to create the bionic ear, the organisation has been at the forefront of medical technologies for over 30 years.

The organisation has grown so quickly – and so successfully – that it has given rise to three spin-off companies in the past six years.

“It’s a long process, you need to have very good research,” CEO Robert Klupacs told Ticker News Insight, detailing the process of how an idea goes from concept to reality.

“Once you get to the research phase, then it needs to be moved up the chain, you need to think about how you manufacture it, how to develop it, how you test it, it takes a lot of money.

“And it takes a lot of time. So research, for one of our companies was nine years of research before we could get to the commercialisation stage.

“And then it took another year to put it all together and put a company together.

“And six years later, it’s still a couple of years away from Food and Drug Administration (FDA) approval.”

The organisation’s Chief Technological Officer and Head of Research Operations, Professor James Fallon, believes a culture of ‘failing safely’ needs to be adopted, as it is the correct approach for innovation.

“The real key is that we’ve got to be brave enough to fail,” Fallon detailed. “As with any innovation, there’s a risk of failing, I think we tend to be too conservative.

“We want to get devices into trial quickly – see if they work, and if and if they do, fantastic.

“And if they don’t, we turn around and we go again, bringing that experience back from industry in academia.”

The Bionics Institute recently completed a white paper, which revealed several key areas Australia could be doing better in order to achieve remarkable results on a world stage.

“We need to bring like-minded people together in clusters,” Klupacs continued. “Countries such as Israel, Germany, Sweden, Finland – they really support the young people from PhDs into their next phase of industry.

“In terms of the industry link with academia, people think Universities do research; Industry makes things. Actually, they should be much closer together, like in other parts of the world.

“And lastly, it’s how do we fund these things,” he said.

The Bionics Institute is holding an Innovation Lecture in Melbourne on Wednesday 17 May, 2023, bringing together med tech leaders to explore how Australia can accurately measure innovation, boost the med tech ecosystem and strengthen connections.

You can register via this link.

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Accelerating cybersecurity skills in the workforce



The increasing demand for cybersecurity talent is ramping up to meet industry needs

The Australian cyber sector currently employs 26,500 people but increasing demand for talent means an estimated 30,000 jobs will need to be created by 2026 to meet industry needs. Globally, the cybersecurity industry projects a massive 3.5 million jobs will be unfulfilled by 2025.

Australia’s largest ASX listed cyber security company, Tesserent (ASX:TNT), is investing over $250,000 to develop cybersecurity talent from diverse backgrounds, age cohorts and genders to accelerate the future pipeline of talent in cybersecurity.

Tesserent’s CEO Kurt Hansen joined us to discuss how the free ‘100 Day Challenge’ program will help accelerate 100 participants in cybersecurity skills.

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Our second brain



It has been described as the organ that heavily influences a person’s mood even more than the brain

It has been described as the organ that heavily influences a person’s mood even more than the brain – Your stomach.

Scientist have found that the gut behaves like a second brain to the body. So how does the brain impact your gut and mood?

Clayton Thomas, CEO & Founder of The ROOT Brands explains his thoughts as to how the brain can have an impact on your gut, which scientists call the “gut/brain axis connection”.

Harvard Medical School recently found that a person’s stomach or intestinal distress can be a cause of anxiety, stress or even depression. Other studies show people with mood disorders have a gut microbiome. Research has also shown that 50 percent of all dopamine and roughly 95 percent of all serotonin are produced in a person’s gut and both of these play a crucial role in a person’s mood.

The Green Edition is presented by The ROOT Brands – Inspiring Greatness with natural solutions for people to reach their highest and healthiest potential.

For all media inquiries, please get in touch here:

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The impacts of bad money mindsets



Bad money mindsets are leading people down a bad economic path, so how can you get your head in the financial game?

Money mindsets have the potential to lead people down a bad economic path, so how can you get your head in the financial game and break bad mindsets to turn it into a much more positive approach towards money?

CIA Tax’s Dr Steven Enticott describes a bad money mindset where someone’s always saying, “I’m really bad at money”, “I’m never going to be able to save money”.

However, this mindset can be changed with a few simple steps – to turn your attitude to turn your money habits around.

Money Matters is sponsored by CIA Tax.

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