When Small Business Thinks Big


Join the Honourable Campbell Newman MP, Premier of Queensland and the Honourable Jann Stuckey MP, Minister for Tourism, Major Events, Small Business and the
Commonwealth Games for the launch of the second annual Queensland Small Business Week.

This is an opportunity not to be missed.  Queensland is a state renowned  for its diverse and innovative business community. Research  shows that business sentiment is high and Queensland is positioned well to build on our competitive strengths.  But what is happening beyond our local economy? Is Queensland’s entrepreneurial drive and determination translating to results on a global scale?

The Queensland Government has invited Professor Josh Lerner from Harvard Business School Read more

ACE Represented at the G20 Agenda for Growth Meeting

Per Davidsson and Karen Taylor represented the Australian Centre for Entrepreneurship Research (ACE) at “the G20 Agenda for Growth: Opportunities for SMEs” conference, called by the general Small Business Minister, Bruce Billson, in Melbourne on Friday, June 20.  The meeting was held in a very historic place – the Victorian Parliament – in the very room which also hosted the first federal parliament of Australia in the early 1900sAll important SME-related organisations were represented among the 100+ delegates, so it was an excellent networking opportunity for ACE . Per took the floor twice, summarizing stylized facts from research related to the conference theme, as well as their policy implications, and seems to have made an impression. The Minister impressed by attending in person for most of the day and we also got a chance to talk to him face-to-face and provide him with a set of ACE research vignettes, including this one, which was prepared specifically for this meeting.  We are currently following up on the important contacts we made at the meeting. Read more about the meeting

New fund to take ideas from workshop to shopfront

Clever ideas and innovations that will improve the lives of Queensland families now have a better chance of getting to the market with the State’s new $1.5 million grant program.

Science and Innovation Minister Ian Walker said the Government’s Accelerate Ideas grant program aimed to encourage people from throughout Queensland and industry to work together on turning good ideas into commercial reality.

Mr Walker said the funding was aimed at Queensland individuals, businesses and university researchers who often found the leap from workshop to shopfront financially challenging.

“Grants of between $25,000 and $50,000 will be given to successful applicants who are at the point of demonstrating the commercial viability of their innovations. So, for example, they’ve developed a prototype and need support to validate their product to get it to the next stage along the commercial pipeline,” Mr Walker said. Read more

Venture Debt Financing: Determinants of the Lending Decision

 ACE Research Seminar Series banner        

Friday 18 October 2013  –  3:00 pm to 5:00 pm at the QUT Gardens Point Campus,  

Presented by Gaétan de Rassenfosse – University of Melbourne, Australia

We provide the first empirical evidence on the determinants of the lending decision of venture debt firms, specialized institutions that provide loans to finance growth of high-tech startups. Building on existing field interviews and case studies, we design a choice experiment of the lending decision and conduct experiments with 55 senior venture lenders. We find support for the hypothesis that backing by venture capital firms substitutes for startups’ cash flow. Furthermore, we illustrate the signaling effect of patents and their role as collateral to facilitate the lending decision. Read more

Calling All Women-led Australian Startups for *New* Accelerator Program!

Apply Now through December 15 to get priority review!!

Are you leading a startup looking for an institutional round of funding, strategic connections and/or partnerships within the next 12-18 months?

Click to Apply Now!  

Springboard: Australia 2013 is a relationship-building community accelerator designed exclusively for women-led investment-ready, high-growth tech companies. Our accelerator program isn’t just about funding. It’s about accessing and leveraging human capital and surrounding each selected entrepreneur with a “Personal Advisory Board,” an expert team of coaches and connection-makers.

We’re looking for great growth- and seed-stage technology companies with the following criteria:

*   a profitable market opportunity with competitive advantage
*   a track record of milestone achievement
*   a woman in a senior position with a significant equity stake
*   a credible management team or ability to attract one
*   be based in or have significant operations in Australia

The application takes less than an hour and is due by December 15. Apply now! Early applications will get priority review. If you know someone who would benefit from this program, please forward this along. Learn more at www.springboardenterprises.

Start-up fund established for creative businesses

Creative industries’ entrepreneurs can apply for up to $150,000 to launch their business idea thanks to an Australia-first start-up fund announced at the Creative³ Forum.

The QUT Creative Enterprise Australia (CEA) Investment Fund will draw on private sector investment as well as additional revenue from CEA to fast-track new businesses across design, fashion, animation, entertainment industries, music, architecture and visual arts.

QUT CEA chief executive officer Anna Rooke said the investment fund, which will open to applications by mid 2013, would focus on high-growth creative businesses that need up to $150,000 to get started.

“Early stage investment is the No.1 barrier to innovation in Australia for the creative industries,” Ms Rooke said.

“The sector is seen to be ‘too risky’ by banks, angel investors and venture capital capitalists and it’s our belief at CEA that this is fundamental market failure in Australia.

“If you’re in film, fashion or design, for example, how do you get your foot in the door?”

Ms Rooke said businesses would have to demonstrate to QUT CEA and other investors an expected return within three to five years.

“It will be the first dedicated CEA Investment Fund in Australia which is solely focused on creative industries business deals and is open to any high-growth creative commercial venture,” she said.

“We understand and believe in Australian creative talent and commercial opportunities.”

Ms Rooke said the start-up fund strengthened CEA’s role over the last five years as a “creative incubator” in Australia.

CEA has worked with entrepreneurs and helped to support commercial business opportunities across the creative industries in areas such as film and television, new media, music, and fashion and design.

The two-day Creative³ Forum, from September 13 to 14 at QUT’s Creative Industries Precinct at Kelvin Grove, included international guest speakers such as business innovation expert Patrick van der Pijl, YouTube Asia’s Jean Huang Lundgren and Vince Bannon from Getty Images.

Director and choreographer Meryl Tankard and jazz musician James Morrison featured in a conversation at Creative³ in partnership with Brisbane Festival.

Event details are available at www.creative3.com.au