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.

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Taking up the Innovation Challenge in Suzhou

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Chinese students of South East University-Monash in Suzhou and visiting postgraduate students from Australia met in Suzhou, Jiangsu Province in April to take part in an Australian Government supported entrepreneurs’ boot camp.  The Suzhou event followed a two-day program of site visits in Shanghai to entrepreneurship incubators in Fudan University’s Youth Entrepreneurship and Science and Technology Incubator (Shanghai),  and Tongji University’s FabLab O, and the Zizhu Entrepreneurship Incubator, Zizhu National Hi-tech Industrial Development Zone. The site visits showcased the impressive innovation effort and entrepreneurial drive that exists within China today.

The Australian delegation was facilitated by the Australian Academy of Technology and Engineering (ATSE) and was led by Dr Paul Wood ATSE. The boot camp was hosted by South East University-Monash in Suzhou and focused on introducing research students to the principles required to succeed in a competitive innovation‐led world, with a particular focus on Chinese-Australian relationships. Chinese and Australian post-graduate students worked together on real world projects aimed at empowering them to become business leaders of the future.

The boot camp was opened by Australian Consul General to Shanghai, Mr Graeme Meehan, and facilitated by Dr Buzz Palmer, CEO of STC Australia and Director of Entrepreneurship at Monash University.  Participating institutions included Monash University, South East University, Queensland University of Technology, the University of Melbourne and the University of Technology Sydney. The four day event was truly a great experience for all.

Thanks go to the Shanghai Association for Science and Technology, Fudan University’s Youth Entrepreneurship and Science and Technology Incubator, Tongji University’s FabLab O, the Zizhu Entrepreneurship Incubator, South East University-Monash Graduate School and Suzhou Dushu Lake Science and Education Innovation District Admin Committee for making this visit such a success.

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

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Read more news from ACE here

Breaking the Barriers to Student Entrepreneurship

Republished with the permission of the authorTim Hui, President of Fellowship of Medical Engineers & Student Ambassador at QUT.  Photography credit to Marvin Fox Photography.

May 31 saw a close to the Startup Hatch program, with a finale Showcase Event. Startup Hatch was a program planned over a period of 4.5 months, that kicked off on March 2nd and concluded on March 31st that gave university students the opportunity to turn ideas into reality.

Students were encouraged to submit their idea at the start throughout January – February and pitch at Startup Hatch Launch for input and co-founders who could bring new and contrasting skillsets to their team. Startup Hatch Launch saw the formation of 13 teams and by the end of March, there were 19 teams taking part in the program. There were 15 partners, including leading companies to give students a unique insight and develop the core aspects of entrepreneurship and starting a business.

The final day of Startup Hatch, the Showcase, was ultimately a success with 9 of the teams willingly pitching to a panel of three judges and an audience of over 150 people. Read more

Future Working: The Age of Entrepreneurship

Tuesday, 17 November 2015 from 7:00 AM to 10:00 AM (AEST)

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REGISTER FOR THIS EVENT

Australia’s new Prime Minister has issued the nation a challenge: to become more entrepreneurial and innovative so we can keep improving our living standards in a more competitive world.

The challenge for Malcolm Turnbull is to foster an environment where this can happen.
Future Working – The Age of Entrepreneurship is a Real World Conversation where these challenges will be analysed. And some solutions to the impediments to entrepreneurship will be identified. We already know that young small-to-medium enterprises are the engine room of job growth but what more can a more entrepreneurial society achieve?

The questions to be examined include how entrepreneurship can ease underemployment, youth unemployment and help new immigrant groups to Australia. There are also challenges and opportunities for entrepreneurs to serve (or be drawn) from the increased ageing population. This event will bring together perspectives from different arenas to identify an agenda for development.

The Real World Conversation, in partnership with Australian Centre for Entrepreneurship Research, invite you to hear leading speakers on these issues and participate in small group workshops which will create an agenda for change to help address this national challenge.

SPEAKERS: Prof Per Davidsson | Director, Australian Centre for Entrepreneurship Research, Assoc Prof Paul Steffens | Deputy Director, Australian Centre for Entrepreneurship Research, Ran Heimann | Founder & CEO, Haystack, Vanessa Garrard | Founder & CEO, E3 Style  Rebecca Wilson | Founder & CEO, Starts at 60, Jeremy Liddle | CEO, CapitalPitch

The Business Model Generation – Value Proposition Design

As previously advised, Professor Professor Yves Pigneur – co-inventor of the Business Model Canvas – gave a public ACE presentation at QUT on 27 March 2015. At the event, Yves, introduced new tools for Value Proposition Design from his new book by the same name. Yves has now provided us with a slide deck of Value Proposition Design, which we can share with you. Please find it here.

Forum: Entrepreneurial Ecosystems and Regional Development: Bridging the Valley of Death and Capturing Value in Region

http://acereconference.com/policy-forum/

Entrepreneurs, new venture supporters, funders and governments worldwide want to create places that stimulate innovation and entrepreneurship that foster economic development and growth. The question is how?

We know that entrepreneurial ecosystems such as that experienced in Silicon Valley work. We also know that not many (if any) places are like Silicon Valley. The ecosystems that support and sustain entrepreneurship in different places will each have a unique set of characteristics. So, in creating a successful entrepreneurial ecosystem finding the right unique set of characteristics is crucial. In this regard everybody has a responsibility.

No matter where you are, the region you occupy will have a level of entrepreneurial activity which serves local needs and will have links with international markets. The Forum aims to raise and discuss issues concerning policy challenges and approaches to stimulate Entrepreneurial Ecosystems, using the local Adelaide movement as a case study.

The forum will focus on how each contributor can help to address localised issues while gathering international perspectives on what others do. This is your chance to have a say in how your ecosystems are formed. 

Outstanding keynote academics, including Professors David Audretsch (USA), David Storey (UK) will feature, as well as our own local academic team Professor Göran Roos and Dr Allan O’Connor.

The Forum is timed to coincide with the 2015 Australian Centre for Entrepreneurship Research Exchange (ACERE) to be held at the University of Adelaide from 3 – 6 February 2015.

This is an annual Australian research conference that attracts leading international scholars and provides a platform that allows attendees to share ideas about entrepreneurship and what makes it work.

The timing of the Forum means that an international mix of world-class entrepreneurship scholars will also be participating and adding new perspectives to enhance our understanding of our unique entrepreneurial ecosystem.

To register for the Forum to be held on Tuesday 3 February 2015 at the Adelaide Conventions Centre  CLICK HERE.

The Entrepreneurial Ecosystems and Regional Development: Bridging the Valley of Death and Capturing Value in Regions Policy Forum is supported by DIMTRE, Adelaide City Council and ECIC.

Dimensions of Innovation presentations now available online

On 17 October 2014, QUT was pleased to host two of the world’s leaders in innovation and entrepreneurship research, Harvard Business School Professor, Josh Lerner and Professor Adam Jaffe.

This event explored how government policy can support firm and industry innovation; the capabilities organisations require to respond to turbulent environments; and how entrepreneurs recognise and pursue opportunities through the formation of new independent or corporate ventures. The presenters were Harvard Business School Professor and head of the Harvard Business School Entrepreneurial Management unit, Professor Josh Lerner, and Professor Adam Jaffe formerly at Harvard and now Director of Motu, New Zealand’s leading non-profit economic and public policy research institute. This sharing of their world leading research on entrepreneurship and innovation was followed by QUT led panel discussion.

you tube small     Professor Josh Lerner

you tube small     Professor Adam Jaffe

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Small Business Week presentations now available online

The Australian Centre for Entrepreneurship Research at the QUT Business School hosted three events to inspire and build business as part of 2014 Queensland Small Business Week, an initiative supporting and celebrating the important role of small business in the Queensland economy.

Presented by Professor Per Davidsson, Director, Australian Centre for Entrepreneurship Research, and Dr Scott Gordon, Research Fellow, Australian Centre for Entrepreneurship Research: This seminar reports some main findings from the Comprehensive Australian Study of Entrepreneurial Emergence, which is the largest study of business start-ups ever undertaken in Australia.

Well over a thousand emerging and young firms were followed over a six-year period. Four doctoral dissertations; eight reports to the federal Department of Industry, and a range of other works have been written on the basis of this project. The seminar will cover the dos and don’ts of business planning; low-cost strategies to start a business; the challenges of innovation; more vs. less successful start-up processes, and a number of other topics.

 you tube small     The creation process: What works and doesn’t work for Australian start-ups?

you tube small      Small Firm Growth: Lessons from systematic research

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You are invited to our GLOBAL ENTREPRENEURSHIP WEEK EVENTS!

Global Entrepreneurship Week is 17 – 22 November 2014.  Global Entrepreneurship Week is the world’s largest celebration of the innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators.

This year the Australian Centre for Entrepreneurship Research Centre at the QUT Business School have organized a couple of events to kick off the week – Read more