Summing Up Global Entrepreneurship Week 2015

As usual, Global Entrepreneurship Week (GEW) was a busy time for ACE. On the Tuesday we co-hosted a breakfast seating 120 to discuss “Future Working: The Age of Entrepreneurship”—a fitting theme in Australia of today. ACE Deputy Director Paul Steffens introduced the topic, and four practitioners – Ran Heimann, Vanessa Garrard, Jeremy Liddle and Rebecca Wilson – shared their insights on immigrant, women, youth, and senior entrepreneurship. This was followed by a panel before participants got very active in workshop discussions. ACE Director Per Davidsson wrapped up the event, but the conversation carried on well after the official closing time as the guests did have plenty of ideas to foster entrepreneurship in Australia. Based on this success, ACE and QUT’s Real World Futures group will co-organize a similar event next year.

On the Thursday we continued with “No patent, no success? How to protect your business idea”—a topic of great interest to the “high end” of innovative entrepreneurship. A mix of practitioner and academic presenters gave a multi-faceted illustration of the world of intellectual property protection to 75 internal and external participants. Panellists Kevin Restrick, Matthew Rimmer, Brent Watts and Sam James shared their expertise and answered questions from the engaged audience. Again, Per Davidsson did the concluding wrap-up and the participants lingered and networked long after the official closing time. ACE Post Doc Annelore Huyghe—who also had a big role in organizing Tuesday’s event—did an excellent job in both organizing and leading this highly appreciated event.

Per Davidsson entered the stage for a third time on the Friday as opening speaker at the AIB-ANZ Symposium on International Business. Albeit not a GEW event as such, Per’s topic “The Entrepreneurial Opportunity Construct in the Context of Internationalization” should make it qualify for inclusion here. In all, it was a very well appreciated set of events which showcased ACE to external audiences and provided many potentially valuable contacts both for ACE and other participants.

Read more ACE news HERE

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Animated vignettes

sketchbook animation

The ACE series of 3-8 minute [animated/sketchbook/video vignettes] videos introduces important research findings in a very accessible format. They are mainly aimed at practitioner audiences but have proven very useful also for educational purposes. Our most recent videos are:

Cracking the start-up code: Does it matter when you do what?

Frugal Innovation Through Bricolage

Business Planning and the Emergence of New Ventures

View the full series of sketchbook videos

 

Top Journal Publication Success

Dr Rene Bakker has had great publication success with two articles. “Pull the Plug or take the Plunge: Multiple Opportunities and the Speed of Venturing Decisions in the Australian Mining Industry” (co-authored with ACE Adjunct Professor Dean Shepherd) was published online in July by the Academy of Management Journal. This was followed up in September by his sole-authored article Stepping in and stepping out: Strategic alliance partner reconfiguration and the unplanned termination of complex projects—also from Rene’s large-scale study of Australian mining—appearing in the Strategic Management Journal (SMJ). A more practice-oriented report on the same topic was highlighted in our previous newsletter.

These successes come on the back of Rene’s article in Organization Science last year, and fellow Dutch ACE researcher Henri Burgers recent article in SMJ, which we presented in the previous newsletter. This means ACE research has been very well represented lately in the most prestigious scholarly journals in mainstream Management.

In the previous newsletter we could also report three 2015 articles in the leading journals in Entrepreneurship, Journal of Business Venturing (JBV) and Entrepreneurship Theory & Practice (ETP). One of these, Per Davidsson’s Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization is currently the 4th most downloaded JBV article, topped only by two recent articles on the hot topic of crowdfunding and one “classic: from 1997.

Towards Research Impact – Policy and Media Engagement

ACE is increasingly called upon as a source of information by policy-makers. We recently delivered data from the CAUSEE and GEM projects to the Department of the Prime Minister and Cabinet. This means that ACE has now delivered customized analyses from these two flagship projects to three federal departments (including also the Department of Industry, Innovation and Science, and the Small Business Minister [in Treasury]) as well as to the Productivity Commission.
Paul Steffens has recently returned from Istanbul where he was a member of the Australian delegation for the G20YEA (Youth Entrepreneurship Alliance). This was highly successful with the communique to G20 leaders, backed by the B20, recommending that G20 countries provide stronger initiatives to support entrepreneurship education and entrepreneurship research (see details below).
Interest in the GEM project has been particularly strong in Canberra over recent months. In September Paul Steffens was invited to present at a workshop organized by the Office of the Chief Economist, and has been invited to deliver another seminar to the Department of Employment next month. He has also written a feature article for the upcoming Innovation Systems report produced by the Department of Industry, Innovation and Science. Interest has also spread internationally – with Paul presenting GEM findings to a group of Sri Lankan Government officials this month.
A recent vignette also based on GEM data, Australian Youth Entrepreneurship and Education, has also attracted substantial media attention including The Australian and The Courier Mail. The associated press release was jointly promoted in an alliance with the FYA (Foundation for Youth Australia) and their $ 20 boss program.
G20 Turkey

Entrepreneurship is Booming at QUT!

With the rise of numerous support initiatives, there has never been a better time to start a new venture as QUT student, alumnus or staff! Student groups QUT Starters, QUT Code and IDEA Network QUT are passionate about fostering a culture of entrepreneurship, and helping like-minded peers to turn their innovative ideas into successful businesses. qutBluebox, the university’s knowledge transfer company, has awarded $ 100,000+ in prizes during its second Innovation Challenge to propel entrepreneurial ideas from drawing board to the marketplace. 2015 winner is video file compression start-up Clip Champ, which has gained half a million users since founding in August last year “with virtually no marketing”. Runner-up Fantasy Insider is a statistics platform with new and easy-to-use tools to analyze and project Australian sports data. In addition, qutBluebox operates a 3-month seed accelerator program, assisting QUT start-up teams to realize their full market potential through coaching, mentoring, training and access to finance. Annelore Huyghe, research fellow at ACE, acted as a learning facilitator in the 2014/2015 program, which was ranked in the top 10% of university business accelerators worldwide by UBI Global. Residents – Vald Performance, Blucore, Hypometer, RigidAir, ALM-Healthtech, Keypark and ProtoGym – have collectively raised $ 1.2mio with a further $ 0.8mio under negotiation, and their products are currently sold in over 35 countries.

Research vignettes

The ACE series of 2-page research vignettes is aimed at sharing current and interesting research findings from our team of international Entrepreneurship researchers. These brief summaries are mainly aimed at practitioner audiences but may also prove fruitful for educational purposes and as “executive summaries” for researchers. Newly posted vignettes are:

The full series of vignettes can be found here.

Good Funding News!

Dr Jaehu Shim, our self-funded Post Doc, has received a grant worth almost
$ 200,000 from a Korean foundation! This is to be used towards a 3-year fellowship at ACE. We congratulate Jaehu on this great achievement and welcome his continued work for ACE in the years to come.

Moving On

After almost four years at ACE, Dr Rene Bakker has decided to move on with his life and career and has taken up a position as Assistant Professor, Management and Entrepreneurship, at the University of Indiana, Bloomington, USA. Rene has been a very important contributor to ACE’s research environment and our success at research grant income and scholarly publishing. Conversely, we like to think that ACE has been a fruitful environment for Rene’s growth as a scholar. Looking forward to continued fruitful collaboration (and friendship) we wish Rene all the best in his new country and new position. The responsibility for Rene’s ARC-funded mining project with the Queensland Resources Council has been taken over by Dr Henri Burgers.