Philanthropist and one of Australia’s best known venture capitalists, Bill Ferris, has been appointed by the Federal Government as the new Chair of Innovation Australia, and he has started his new job by warning that Australia needs to shake off its “fear of failure”.
At the announcement of the top job by Minister for Innovation Christopher Pyne, Ferris said, “I think we all do work, in a cultural sense, on perhaps too big a play of the fear of failure, as opposed to the excitement of gain”.
“And it’s the latter that ultimately drives innovation right through the system.”
