In research policy, the "Valley of Death" is a familiar lament. We assume that with enough tax credits or grant schemes, the bridge from discovery to market will build itself. Yet beneath the surface lies a more fundamental disconnect: the tension between what we can see as the "sociology of the academy" and the "epistemology of the engineer".

Australia’s innovation system contains multiple intermediary models, including consultants, brokers, mediators and resource providers. Each model contributes value, yet none resolves the persistent difficulty firms face when adopting external knowledge. This Insight argues that the absence of a dedicated technology transfer agent function is a major structural weakness. TTAs work inside firms, aggregate capability across institutions, and build adoption pathways.

The push for productivity in Australia must turn to *how* change is implemented. Cameron Begley and Greg Harper argue that innovation is the missing catalyst, a change that must be led from the boardroom. They revisit Porter's Value Chain to frame how boards can set the culture, risk appetite, and strategy needed to drive real productivity gains.