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The South Australian Entrepreneurial Ecosystem Research
Allan O’Connor & Gerard Reed
Entrepreneurship, Commercialisation and Innovation Centre
Overview
• The Adelaide Entrepreneurial Ecosystem
• The Case Study Research
• Challenges to be addressed
• Acknowledgements: Department of State Development and Mr Paul Daly
Adelaide’s Entrepreneurial Ecosystem Research: The Origins
Entrepreneurship, Commercialisation and Innovation Centre
Entrepreneurial Adelaide
• ‘… how do you keep track of it?’ – Dec. 2012
• 4th January 2013 Meeting – (InnovyzSTART function)
• Post-it-notes
• Commenced with 4 categories
– Yellow = educational programs
– Pink = network programs
– Blue = incubators
– Green = government support programs
Entrepreneurship, Commercialisation and Innovation Centre
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
University of Adelaide 5
Current Adelaide Entrepreneurial Ecosystem Map Link:http://adelaideentrepreneurshipforum.wikispaces.com/file/view/Adelaide%20Entrepreneurship%20EcoSystem%20Map%
20Draft7pt6.pdf/605489395/Adelaide%20Entrepreneurship%20EcoSystem%20Map%20Draft7pt6.pdf
Entrepreneurship, Commercialisation and Innovation Centre
Adelaide Entrepreneurial Ecosystem Map
University of Adelaide 6
Entrepreneurship, Commercialisation and Innovation Centre
Adelaide Entrepreneurial Ecosystem (AEE)
• Mapping exercise first iteration
• Lack of a device indicative of an ecosystem
• Adelaide City Council support
• 25th June 2013 Forum Convention Centre
• 3rd 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
Entrepreneurship, Commercialisation and Innovation Centre
South Australia’s Entrepreneurial Ecosystem: Voice of the Customer Research Report
• The link to the report is: http://ecic.adelaide.edu.au/docs/ecosystem-research-project-13-08-2015.pdf
University of Adelaide 8
The Case StudiesAvailable here:
https://blogs.adelaide.edu.au/ecic/files/2017/11/SA-Adelaide-Entrepreneurial-
Ecosystem-Case-Studies-.pdf
Entrepreneurship, Commercialisation and Innovation Centre
The case study booklet
University of Adelaide 10
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
Entrepreneurship, Commercialisation and Innovation Centre
Example Case Analysis
University of Adelaide 11
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1 Building new venture experience
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1 Entrepreneurial spark re-ignited from a chance spotting of an advertisement
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2 Increasing immersion in the AEE
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2 KickIt established
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3 Leveraging opportunities in the AEE
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3 Funding offer declined
• James Stewart – KickIt!
• NZ Immigrant
• Previous Experience
Adelaide Entrepreneurial EcosystemMedia
University
Industry
Entrepreneurship, Commercialisation and Innovation Centre
University of Adelaide 12
Cri
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l Ph
ase
1 Building new venture experience
Cri
tica
l Eve
nt
1 Entrepreneurial spark re-ignited from a chance spotting of an advertisement C
riti
cal P
has
e 2 Increasing
immersion in the AEE
Cri
tica
l Eve
nt
2 KickIt established
Cri
tcal
Ph
ase
3 Leveraging opportunities in the AEE
Cri
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l Eve
nt
3 Funding offer declined
Cri
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ase
1 Developed skills and experience in various roles before new venturing C
riti
cal D
ecis
ion
1 Turning an invention into a business opportunity: Contact Always
Cri
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l Dec
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n 2 Participation in
Venture Dorm
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2 Product Development
Cri
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Dec
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n 3 Moving into
Polaris Business and Innovation Centre
Cri
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3 Developing the commercial application and market intelligence.
Cri
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1 Quantum Edge Established
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1 Growth through applied skills and experience
Cri
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2 Re-focus of co-founders
Cri
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3 Engagement with the AEE
Cri
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2 Expanded Networking
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3 Agile Team Building fit-for-purpose.
Cri
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1 Supportive school and family of an entrepreneurial career
Cri
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1 Career Blueprint established
Cri
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2 Concept and confidence development
Cri
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3 Engagement with the entrepreneurial ecosystem
Cri
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3 Survival, planning and product development, build brand and market presence C
riti
cal P
has
e 4 Growth,
leveraging scalable business model.
Cri
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1 ADEPT Technology Established
Cri
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1 Survival in poor market dynamics
Cri
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2 Re-focus due to a shift in market dynamics (GFC)
Cri
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2 Gain market insight
Cri
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3 Embedding into entrepreneurial ecosystem through program participation
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3 Consulting services actively contributing to the entrepreneurial ecosystem
Cri
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1 Dr Zed Publishing Established
Cri
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1 Survival, gaining market experience
Cri
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2 Global Financial Crisis coincided with new technologies
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3 Joined Australian Publishing Association
Cri
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Eve
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4 Developed a niche product to fuel growth
Cri
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2 Growth and expanded networking through entrepreneurial ecosystem
Cri
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1 Wendy Perry & Associates established
Cri
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1 Survival on consulting revenues
Cri
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2 Workforce Blueprint established
Cri
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2 Product development and growth
Cri
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3 Introduction to entrepreneurial ecosystem programs and resources
Cri
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3 Growth through expansions in market and product opportunities
Cri
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n 1 Universal
Network of Infotech Established
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1 Family business experience in Fiji and New Zealand
Cri
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n 2 Establishes
new business arm in Australia
Cri
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n 3 Settles in
Adelaide
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2 Develops the business systems and processes
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3 Continues to expand globally based on lessons learned in Adelaide
Entrepreneurship, Commercialisation and Innovation Centre
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
Entrepreneurship, Commercialisation and Innovation Centre
Thank you!
Allan O'Connor & Gerard Reed
Entrepreneurship, Commercialisation and Innovation CentreUniversity of Adelaide, AUSTRALIA 5005Ph : +61 8 8313 0188
e-mail: [email protected]: http://www.ecic.adelaide.edu.au/