MIT Global Entrepreneurship Bootcamp @QUT

You will be pushed to your limit. You will learn. You will have fun.

QUT has been selected to host the MIT Global Entrepreneurship Bootcamp at Gardens Point campus in Brisbane in March, 2017.

The highly-selective camp condenses a one year MIT course into a week-long, action-based learning experience for budding entrepreneurs picked from across the world.

Applicants must apply to MIT by the latest January 31, 2017 and selection is based on five criteria – rigor, initiative, contribution to community, team and cultural fit and entrepreneurship potential.

QUT Vice-Chancellor Peter Coaldrake said the university was proud to have been selected to host the bootcamp.

The partnership between, QUT, MIT and the Queensland Government means QUT will offer three scholarships to attend the bootcamp, including one specifically for an Indigenous Australian.

“We have been building an entrepreneurial focus across the university for some time now and staging the bootcamp at our Gardens Point campus will allow us to take this to the next level,” Professor Coaldrake said

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Innovation and Design Thinking @ QUT

Thanks to ACE researcher Dr. Judy Matthews attracting her to QUT, we could enjoy a speech by Jeanne Liedtka at the Vice-Chancellor’s Forum on Monday, 26 September 2016. Jeanne is Professor at the Darden Graduate School of Management, University of Virginia.

Her speech was on “design thinking”, especially in the context of innovation. The design thinking movement challenges social scientists not to stop at academic publication of their findings, but to translate them into a toolkit that practitioners actually can and will use. Liedtka has previously promoted this approach in her books The Catalyst, Designing for Growth: A design thinking tool kit for managers, and Solving Business Problems with Design Thinking: Ten Stories of What Works. At the closing of the event ACE Director Per Davidsson took the podium to deliver the thanks to Professor Liedka. Per exemplified the impact design thinking can have with the Business Model Canvas—which may do not even know is an academic product—and reminded about the recent visit to QUT and ACE by one of its creators, Professor Yves Pigneur. Some of the background of this success story is revealed in this conversation between Yves, Per, and ACE Deputy Director, Professor Paul Steffens. While being self-critical on behalf on mainstream social science in his concluding remarks, Per also pointed out that input from such research are an important building block in performing the low cost experiments that can lead to a design-based solution that works.

The links to Jeanne Liedtka’s presentation can be found here:

Part 1 link is https://youtu.be/2fEIG-M8oUo

Part 2 link is https://youtu.be/Fcswyx5PvyY

Call for ACERE 2017 abstracts

The abstract submission portal is open and the deadline to submit is 21 August 2016.  Abstracts must be submitted online and uploaded in a specific format.  Abstracts must be in English, approximately 900 words and clearly state: title, principal topic, method, results and implications.  Please read ABSTRACT SUBMISSION GUIDELINES and instructions before you submit.

The suitability of all abstracts will be checked by a ‘double-blind’ international panel of colleagues.  If the abstract is accepted, participants will then be invited to submit a 15 page Full Paper.   Full papers will be due on 1 November 2016.  Only full papers submitted on or before this date will be double blind peer reviewed, will qualify for awards and will qualify to be nominated for the PDS Sessions.

We are looking very much forward to welcoming you to Melbourne along with our fabulous line up of keynotes and panelists.
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QUT students join some of the world’s most forward thinking designers & innovators

The DIS Experience Night was an eye opening event on the integration of technology with the human body. The concepts which were displayed and demonstrated throughout the night gave a glimpse into what the future of human integrated technology may look like. There was an array of concepts both ready for commercial release, as well as others which were highly fictional, encouraging the audience to question life and the way society may communicate with such fused technology.

Overall, the DIS Experience Night was a great opportunity to mix wDIS nightith engineers, designers, entrepreneurs and industry experts, whilst giving an alternate view on the way we look at technology.

ACE proudly supports sponsorship of QUT students to attend these inspiring and innovative events.  Many thanks to Sean Davidson from Fold Products for sharing your thoughts about this event.

Read more from the ACE Blog

Research vignettes – print and video

We have published another sketchbook video vignette, namely Henri Burgers’ “Creating A More Entrepreneurial Organisation In Three Steps”. Be one of the first 1,000 to view it!

You can access our other sketchbook video vignettes on innovation, bricolage, growth, business planning and the start-up process here.

We also have two new print vignettes (2-page, lay language summaries of research):

The complete collection of print vignettes is available here.

Read more news from ACE here

Funding Success

ACE has just received $100,000 funding from the Department of Industry, Innovation and Science to conduct the Global Entrepreneurship Monitor (GEM) project in 2016. Now into its 17th year, the GEM project is the largest study of entrepreneurship in the world, benchmarking entrepreneurship activity, attitudes and aspirations of over 80 countries annually. The project is led by ACE Deputy Director, Associate Professor Paul Steffens and ACE has acted as the Australian GEM partner since 2010 – participated in the GEM project in 2010, 2011, 2014, 2015 and 2016. Earlier, Swinburne University participated in GEM for several years in the period 2000-2006.

Per Davidsson from ACE has, together with Jan Recker and Frederik von Briel from the Information Systems School, just received $70,000 Catapult funding from QUT’s Institute for Future Environments (IFE) for their interdisciplinary research project on IT hardware start-ups. IT hardware start-ups are an important element in the global economy and have recently witnessed a surge in interest and investment; however, to date there is no research that offers explanations for these movements. The project will identify IT hardware start-ups globally and investigate factors that foster their emergence, survival, and growth.

Read more news from ACE here

Global Entrepreneurship Week 2015

On the Tuesday of Global Entrepreneurship Week (GEW), ACE 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. Based on this success, ACE and QUT’s Real World Futures group have co-organized a second breakfast event “How To Make Ideas Bloom” on Wednesday 18 May.

On the Thursday of GEW, ACE and IP Australia welcomed 75 participants to “No patent, no success? How to protect your business idea.” A mix of practitioner and academic presenters gave a multi-faceted illustration of the world of intellectual property protection. Panellists Kevin Restrick, Matthew Rimmer, Brent Watts and Sam James shared their expertise and answered questions from the engaged audience. ACE Director Per Davidsson did the concluding wrap-up and ACE Post Doc Annelore Huyghe did an excellent job in both organizing and leading this highly appreciated event.

Read more news from ACE here

New Publications

At long last, the new edition of ACE Director Per Davidsson’s book “Researching Entrepreneurship” has been published electronically and in print by Springer. The new edition has been thoroughly updated and amended throughout, and two of the old chapters have been replaced by entirely new chapters on “The Dependent Variable” and “The Entrepreneurship Nexus”. Per has also continued his crusade against “entrepreneurial opportunity” as a central research construct in this recent opinion piece in Journal of Business Venturing Insights.

ACE Post Doc Annelore Huyghe has had a major hit with “Unraveling the ‘Passion Orchestra’ in Academia” in Journal of Business Venturing, with co-authors Mirjam Knockaert and Martin Obschonka. . The article recasts the entrepreneur driven by a singular passion to one with a ‘passion orchestra’; individuals are likely to hold multiple passions, connected to actual or possible identities, which simultaneously affect the venture creation process. One of their key findings is that individuals’ obsessive passions for non-entrepreneurial roles can positively affect the entrepreneurial transitions.

Some additional, recent articles within the ACE domain that we have not reported in previous newsletters are:

Arundel A., Casali G.L., & Hollanders H. (2015). How European public sector agencies innovate: the use of bottom-up, policy-dependent and knowledge-scanning innovation methods. Research Policy, 44(7), 1271 – 1282.

Huyghe, A., & Knockaert, M. (2016). The Relationship Between University Culture and Climate and Research Scientists’ Spin-off Intentions. In D. Audretsch, E. Lehmann, M. Meoli, & S. Vismari (Eds.) University Evolution, Entrepreneurial Activity and Regional Competitiveness (pp. 3-26). Springer International Publishing.

Sawang, S., Parker, R., & Hine, D. (2016). How small business advisory programme delivery methods (collective learning, tailored and practice-based approaches) affect learning and innovation. Journal of Small Business Management, 54(1), 244 – 261.

Senderovitz, M., Klyver, K., & Steffens, P. (Online 2015). Four years on: are the gazelles still running? A longitudinal Study of Firm Performance after a Period of Rapid Growth. International Small Business Journal. DOI: http://dx.doi.org/10.1177/0266242614567483.

Weerawardena, J., Sullivan-Mort, G., Salunke, S., Knight, G., & Liesch, P. (2015). The role of the market sub-system and the socio-technical sub-system in innovation and early internationalization: a dynamic capabilities approach. Journal of the Academy of Marketing Science, 43(2), 221 – 239.

Read more news from ACE here

Visitors to the centre

ACE must have had a record number of visitors this summer. Among the more well-known we find Paul D Reynolds, Dean Shepherd, Bill Schulze, and Charlene Zietsma. All gave seminars and interacted with staff and research students in a number of ways. Apart from Paul they also served as keynotes at the ACERE conference, while Paul gave a presentation at the Department of Industry, Science & Innovation in Canberra. Paul offered a half day workshop in theory construction for research students, while Charlene and also Paul also appeared in Per’s research unit “Contemporary Issues in Entrepreneurship Research”. So did Martin Obschonka, who also gave a seminar during his weeklong visit in March. QUT staff and students further benefited from ACE adjunct Dean Shepherd’s expert through a researching & reviewing masterclass, and an interactive session on “Getting your Academic Voice Heard.”

Additional ACE visitors this summer included Andrew Maxwell, Etienne St-Jean, Solvi Solvoll, Martin Allmendinger, Mahamadou Biga Diambeidou, Karina Zittel, Carla Riverola, Pamela Nowell, Henrik Barth, Angelo Cavello, Naser Zamani. Of these, Angelo and Naser will be with us for some time with Henrik leaving mid-May after several months of developing research collaboration with members of ACE and QUT researchers.

Read more news from ACE here

How to Make Ideas Bloom Breakfast – 18 May

REPOST: Story by Annalise Pennisi for Real World Futures

Organisations are changing the way they work in order to harness their employees’ big ideas and stay competitive in today’s global marketplace.

Dr Henri Burgers, a Senior Lecturer in Business and Management at QUT, said the trend of corporate entrepreneurship was about adapting business structures to support new ideas from employees.

“In terms of disruption, I think organisations increasingly realise that if they want to be able to deal with that kind of disruptive innovations and those kind of big changes … they need to be able to tap into the entrepreneurial spirit of their employees,” he said.

The role of corporate entrepreneurship will be the subject of a Real World Conversation at QUT on May 18. The conversation, Making Ideas Bloom will feature speakers from industry and QUT’s Australian Centre for Entrepreneurship Research.

Dr Burger said studies showed that at any given time, about 6% of the adult population, most of whom are in working environments, are starting a business.

“If you apply that to an organisation … say it has a hundred thousand employees – that means that at any given time, about six thousand of those employees are working on a new business idea or an entrepreneurial idea,” he said.

Research carried out around the world showed that about two-thirds of people started a business  highly related to their current organisation.

“There’s a lot of anecdotal evidence that they often want to contribute this to their organisation but somehow they found roadblocks,” he said.

“(It might be) A manager that says, ‘No, focus on your current work.  No time for fiddling around with new ideas’.”

Firms are increasingly contracting employees for short-term projects as a way of engaging and enhancing corporate entrepreneurship.

“Even if it’s not about starting your own business, it’s about managing your career in an entrepreneurial way that you’ll be able to self manage these kinds of projects and new ideas.”

Dr Burgers said organisations tended to invest large amounts into few ideas and were generally good at predicting the outcomes of these investments.

The challenge with more disruptive or radical innovations is that they are much more unpredictable.

“We don’t know now what’s going to come out and if you apply that same approach, you’re very often wrong.”

“The challenge for orgnisations is to find ways to almost play that numbers game better.”

He suggests Lean Startups as a way of experimenting with many different ideas at low costs and the ones that succeed, the firms can take to the next level.

“If there’s all these would be entrepreneurs in your organisation, you can tap into those and some of those will be very good ideas.”

Hear more at the next Real World Futures  event – How To Make Ideas Bloom Breakfast on Wednesday 18 May 2016.  Learn more about the event and register here.

QUT ACE – Creating A More Entrepreneurial Organisation In Three Steps – watch the video

video storyboard

Read more news from ACE here