Allan O Connor & Gerard Reed. The South Australian Entrepreneurial Ecosystem Research

Transcription

1 Allan O Connor & Gerard Reed The South Australian Entrepreneurial Ecosystem Research

2 Overview The Adelaide Entrepreneurial Ecosystem The Case Study Research Challenges to be addressed Acknowledgements: Department of State Development and Mr Paul Daly

3 Adelaide s Entrepreneurial Ecosystem Research: The Origins

4 Entrepreneurial Adelaide how do you keep track of it? Dec th January 2013 Meeting (InnovyzSTART function) Post-it-notes Commenced with 4 categories Yellow = educational programs Pink = network programs Blue = incubators Green = government support programs

5 Evolved to Eight Categories 1. Network and Start-up Events 2. Formal Education 3. Industry Education 4. Co-working Spaces 5. Incubators and Accelerators 6. Advisory Services 7. Government Assistance 8. Investors Current Adelaide Entrepreneurial Ecosystem Map Link: 20Draft7pt6.pdf/ /Adelaide%20Entrepreneurship%20EcoSystem%20Map%20Draft7pt6.pdf University of Adelaide 5

6 Adelaide Entrepreneurial Ecosystem Map University of Adelaide 6

7 Adelaide Entrepreneurial Ecosystem (AEE) Mapping exercise first iteration Lack of a device indicative of an ecosystem Adelaide City Council support 25 th June 2013 Forum Convention Centre 3 rd Sept 2013 Public Forum Adelaide Town Hall Momentum Fund Grant The University of Adelaide 2014 Follow-on grant from the SA Department of State Development

8 South Australia s Entrepreneurial Ecosystem: Voice of the Customer Research Report The link to the report is: /docs/ecosystem-researchproject pdf University of Adelaide 8

9 The Case Studies Available here: /11/SA-Adelaide-Entrepreneurial- Ecosystem-Case-Studies-.pdf

10 The case study booklet Overview of the Entrepreneurial Adelaide Project The Findings and Discussion The Evolution of the Adelaide Entrepreneurial Ecosystem Map: An Interview with Paul Daly Case Study: James Stewart Kick.it Case Study: Craig Walter Contact Always Case Study: Deanne Loan Quantum Edge Case Study: Jessica Perry Career BluePrint Case Study: Rob Silva Adept Technology Case Study: Scott Zarcinas DoctorZed Publishing Case Study: Wendy Perry Workforce BluePrint Case Study: Mukesh Kumar Universal Network of Infotech Appendix 1 University of Adelaide 10

11 Critical Event 1 Critical Phase 2 Critical Event 2 Critcal Phase 3 Critical Event 3 Entrepreneurship, Commercialisation and Innovation Centre Example Case Analysis James Stewart KickIt! NZ Immigrant Previous Experience University Industry Building new venture experience Entrepreneurial spark re-ignited from a chance spotting of an advertisement Increasing immersion in the AEE KickIt established Leveraging opportunities in the AEE Funding offer declined Media Adelaide Entrepreneurial Ecosystem University of Adelaide 11

12 Critical Decision 1 Critical Decision 2 Critical Decision 3 Critcal Phase 2 Critical Phase 3 Critical Event 1 Critical Event 2 Critical Phase 2 Critcal Event 3 Critical Phase 3 Critical Event 1 Critical Event 2 Critical Event 3 Critcal Event 4 Critical Phase 2 Critical Event 1 Critical Event 2 Critical Phase 2 Critcal Phase 3 Critical Phase 3 Critical Event 1 Critical Phase 2 Critical Event 3 Critcal Phase 3 Critical Phase 4 Critical Event 1 Critical Event 2 Critical Event 3 Critcal Phase 2 Critical Phase 3 Critical Decision 1 Critical Decision 2 Critical Phase 2 Critcal Decision 3 Critical Phase 3 Critical Event 1 Critical Phase 2 Critical Event 2 Critcal Phase 3 Critical Event 3 Building new venture experience Entrepreneurial spark re-ignited from a chance Entrepreneurship, Commercialisation and spotting Innovation of an Centre advertisement Increasing immersion in the AEE KickIt established Leveraging opportunities in the AEE Funding offer declined Developed skills and experience in various roles before new venturing Turning an invention into a business opportunity: Contact Always Participation in Venture Dorm Product Development Moving into Polaris Business and Innovation Centre Developing the commercial application and market intelligence. Quantum Edge Established Growth through applied skills and experience Re-focus of co-founders Engagement with the AEE Expanded Networking Agile Team Building fitfor-purpose. Supportive school and family of an entrepreneurial career Career Blueprint established Concept and confidence development Engagement with the entrepreneurial ecosystem Survival, planning and product development, build brand and market presence Growth, leveraging scalable business model. ADEPT Technology Established Survival in poor market dynamics Re-focus due to a shift in market dynamics (GFC) Gain market insight Embedding into entrepreneurial ecosystem through program participation Consulting services actively contributing to the entrepreneurial ecosystem Dr Zed Publishing Established Survival, gaining market experience Global Financial Crisis coincided with new technologies Joined Australian Publishing Association Developed a niche product to fuel growth Growth and expanded networking through entrepreneurial ecosystem Wendy Perry & Associates established Survival on consulting revenues Workforce Blueprint established Product development and growth Introduction to entrepreneurial ecosystem programs and resources Growth through expansions in market and product opportunities Universal Network of Infotech Established Family business experience in Fiji and New Zealand Establishes new business arm in Australia Settles in Adelaide Develops the business systems and processes Continues to expand globally based on lessons learned in Adelaide University of Adelaide 12

13 Entrepreneurial Ecosystem Challenges Definition in terms of what type(s) of enterprises our Entrepreneurial Ecosystem support? How can we improve the awareness, access and connectivity? How do we shape and build the technology, human capital, finance market and infrastructure dynamics What will influence the social and cultural dimensions of business level behaviours? Can we sustain the entrepreneurial ecosystem over time and through political shifts? University of Adelaide 13

14 Thank you! Allan O'Connor & Gerard Reed Entrepreneurship, Commercialisation and Innovation Centre University of Adelaide, AUSTRALIA 5005 Ph : allan.oconnor@adelaide.edu.au Web: