Money Magazine

Chipping away at a tiny fortune

Australians are an inventive mob. We pioneered the ‘black box’ flight recorder, spray-on skin, the pacemaker, polymer bank notes and the bionic ear. There was also wi-fi technology, which lets us stream music and movies on our mobile devices and television, thanks in part to John O'Sullivan, leader of the team of researchers at the CSIRO who made that breakthrough. A critical part of their work was designing the first wi-fi computer chips based on a global standard. Silicon Valley giant Cisco Systems liked the idea so much that it bought the business.

Some 20 years later, another Australian with a team of scientists has developed a new generation of chips that will radically change the way the world uses wi-fi. Michael de Nil co-founded Morse Micro to exploit a major emerging trend in the market called the internet of

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine2 min read
BUSINESS BANK OF THE YEAR Commonwealth Bank
Australia’s 2.5 million-plus small businesses may not have the same capital or access to technology as the nation’s largest companies. But the support and resources of a business-focused bank can help small enterprises compete with the big end of tow
Money Magazine2 min read
LONGEVITY COVER OF THE YEAR Challenger
If you worry that your superannuation savings are inadequate and you will run out of money in your old age, there are investments that pay you an income for life. Fifty-three per cent of older Australians think they will outlive their savings, accord
Money Magazine1 min read
Pitcher Perfect
Danish sculptor and designer Henning Koppel created these elegant beauties in 1952, pictured here in mirror-polished stainless steel and Iconic Blue. Mid-century Scandinavian design at its most striking. How much: $485 (silver); $330 (blue) Where fro

Related Books & Audiobooks