The Hargraves Institute is named after the aviation pioneer and inventor Lawrence Hargrave who believed in open communications and that his inventions were there to benefit anybody who wished to use them.
The Hargraves Institute was founded in July 2006 to provide a unique and exclusive community of major enterprises to share knowledge, wisdom and experience in a non-competitive environment for the purpose of growth and development.
The Institute takes its vision from one of Australia's most accomplished inventors, Lawrence Hargrave, who refused to patent his inventions, preferring them to benefit anybody who wished to use them. Hargraves willingness to share his ideas with the world enabled others to achieve manned flight, and this principle of sharing and collaboration to advance knowledge is indeed the cornerstone of Hargraves Institute.
The inaugural meeting of Founding Members was held in May 2006 and the value of Hargraves is evident from the observations which arose from that discussion:
- "To be a part of the collection of the country's best innovators; learn how to be more innovative through the collective experience of the group."
- "To enhance the international competitiveness and financial performance of Australian businesses through innovation."
- "Creativity and innovation are key strategies for us. Hargraves will provide us with a forum to benchmark and give our people an opportunity to develop skills in creativity and innovation."
- "To keep abreast of the latest theories for excellence in innovation."
- "To network outside current industry; to broaden business outlook; to create a medium for young graduates to participate in; to expand the description of innovation away from inventiveness."
- "To pool resources to attract world-class facilitators, teachers, and speakers on innovation."
- "To provide cross fertilisation of ideas - learn how to do things differently by working with a different industry."
- "Identify and exchange best practices in innovation."