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

ACERE and the ACE Paper Development Bootcamp

The 2016 ACERE Conference was co-organised with Griffith University and held at their premises on the Gold Coast. The conference attracted 30 Delegates from more than 21 countries. We received over 180 submissions, 109 were accepted and scheduled for presentation. 20 of these papers were accepted to the Paper Development Sessions (PDS). The Doctoral Consortium (DC) was very popular with 28 participants. As usual we had an impressive line-up of keynotes: Saras Sarasvathy, Dean Shepherd, Bill Schulze, and Charlene Zietsma, who not only gave a keynote presentation each but also chaired “paper development sessions” and participated in the interactive closing panel. The conference was a great success and participants seemed particularly happy with academic contents as well as organisation and social events. Three best paper awards were granted at the Gala Dinner, namely: Best Paper on Social Entrepreneurship ‘Social enterprises: Exploring accountability in hybrid organisations’ by Gloria Astrid Guraieb Izaguirre, Belinda Luke, Craig Furneaux; Best Qualitative Paper ‘ The Role of Creativity in Entrepreneurial Ideation’ by Tobias Pret, Eleanor Shaw, Sara Carter; and Best Quantitative Paper ‘Fear of failure and behavior inhibition in early-stage entrepreneurs: regulation through passion and goal awareness’ by Silvia Stroe.

The 2017 Conference venue will be a little different to previous years. The main conference program will be held at NAB’s ‘The Village’– a new innovative space for business customers and community partners to connect, learn and work. We are proud to be co-hosting the 2017 conference with RMIT University and welcome The Australian Centre for Philanthropy and Nonprofit Studies at the QUT Business School, and The UQ Business School as award sponsors.   For the latest on ACERE, keep an eye out for upcoming e-newsletters and stay subscribed to our communication channels.

The conference was preceded by the Paper Development Bootcamp in December. This is a smaller event with about 30 QUT and external participants. Researchers and papers at all levels of development are helped to a suitable “next level” in intense discussion sessions chaired by invited international “star researchers”. This time the invested chairs were Michael Frese, Dean Shepherd (who is a formal adjunct to ACE and participates every year) and Wouter Stam. A bootcamp teaser can be found here.

Read more news from ACE here

Policy and Media Engagement

The intensified engagement with various government department and agencies that we reported about in the last Newsletter has continued. This has included three visits to Canberra and two delegations visiting ACE from Canberra. This engagement concerns a variety of issues like Innovation and Science Australia’s audit of the innovation eco-system; the planned “Entrepreneur Visa” (like the former a part of the National Innovation and Science Agenda); continued research on “nascent entrepreneurship” in Australia through the GEM and CAUSEE research programs; and the Department of Industry, Innovation and Science’s collaboration with the Australian Bureau of Statistics to develop a longitudinal data set (EABLD) to track business dynamics over time.

The media attention has also continued. On February 5, Per Davidsson gave a radio interview for 612 ABC Brisbane in connection with the public launch of the CAUSEE data set (and cited The Hitchhiker’s Guide to the Galaxy In one of the answers!). On April 13 he was back on the air, now for 666 ABC Canberra on the above-mentioned topic of the entrepreneur visa. Deputy Director Paul Steffens has also hit the media with insights from the Global Entrepreneurship Monitor (GEM) project featured in an article in The Australian concerning women’s entrepreneurship.

Read more news from ACE here

Public launch of the CAUSEE data set

CAUSEE has been a flagship project for ACE over a number of years, including forming the basis for four completed PhD dissertations, eight journal articles (so far) and a range of other publications. With the help of funding from the Australian Government Department of Industry, Innovation and Science, the data set has been documented, confidentialised, and prepared for public access. This means this great data source can now be used by other researcher to address different questions from different perspectives. The data set and documentation are available here.

Thanks to the work of Professor Paul Reynolds, harmonised parts of CAUSEE also form part of the five-cohort, public data set that has been made available through ResearchGate.

Read more news from ACE here

Farewell

After two years with ACE Professor Tõnis Mets’ will return home to Estonia as his Marie Curie Fellowship from the EU runs out. At ACE Tõnis has worked on a range of issues and particularly on entrepreneurial process in the high technology small firms, and published a dozen work including five journal articles, six book chapters, and a research reports.

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

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