%0 Journal Article %J Technology Innovation Management Review %D 2016 %T Developing a Startup and Innovation Ecosystem in Regional Australia %A Troy Haines %K Australia %K Cairns %K ecosystems %K entrepreneurship %K incubation %K innovation %K mentorship %K regional %K startups %K theSPACE %X Technology is enabling change at an ever increasing pace, not only in urban contexts, but also in regional centres, where the Internet in particular is enabling entrepreneurs to compete in the global marketplace despite the size and remoteness of their home cities or towns. In regional Australia, the challenges of high unemployment, fading traditional industries, a lack of economic diversity, and a "brain drain" of talent to urban centres highlight the need for novel economic development strategies. Innovation and entrepreneurship are highlighted as potential solutions, but both require knowledge and support to be successful. In this article, the author shares lessons learned as an entrepreneur and through the ongoing development of a self-sustaining startup and innovation ecosystem in the remote region of Cairns, Australia. The model described in this article is now being applied to other regions in Australia, where trained champions are driving the development of startup and innovation ecosystems adapted to regional needs. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 24-32 %8 06/2016 %G eng %U http://timreview.ca/article/994 %N 6 %1 theSPACE Australasia Troy Haines is Co-Founder and CEO of theSPACE Australasia in Cairns, Australia. He is also a Startup and Innovation Coach who has worked with hundreds of entrepreneurs across Australia to help them commercialize their ideas. Amongst many awards, he was named Innovation Champion in 2014 by the Minister of Innovation and Premier of Queensland. He was also inducted into the Queensland Government Innovation Wall of Fame for his work in building the North Queensland startup and innovation ecosystem. Troy and the team at theSPACE have developed startup and innovation programs, which they deliver across a wide audience, from high school students and SMEs to government (and everyone in between). He holds a Bachelor's degree in Business (Marketing) from Australia's Charles Sturt University and is currently working towards a Master's degree in Applied Innovation and Entrepreneurship from the University of Adelaide. %R http://doi.org/10.22215/timreview/994 %0 Journal Article %J Technology Innovation Management Review %D 2016 %T Editorial: Innovation and Entrepreneurship in Australia (June 2016) %A Chris McPhee %K Australia %K design-led innovation %K ecosystem %K entrepreneurship %K hidden innovation %K high-growth startups %K innovation %K innovation catalyst %K ISPIM %K job creation %K National Innovation and Science Agenda %K policy %K regional innovation management %K regions %K strategic management %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 3-4 %8 06/2014 %G eng %U http://timreview.ca/article/991 %N 6 %1 Technology Innovation Management Review Chris McPhee is Editor-in-Chief of the Technology Innovation Management Review. Chris holds an MASc degree in Technology Innovation Management from Carleton University in Ottawa, Canada, and BScH and MSc degrees in Biology from Queen's University in Kingston, Canada. He has over 15 years of management, design, and content-development experience in Canada and Scotland, primarily in the science, health, and education sectors. As an advisor and editor, he helps entrepreneurs, executives, and researchers develop and express their ideas. %R http://doi.org/10.22215/timreview/991 %0 Journal Article %J Technology Innovation Management Review %D 2016 %T Employment Dynamics of Australian Entrepreneurship: A Management Perspective %A Luke Hendrickson %A Stan Bucifal %A Antonio Balaguer %A David Hansell %K Australia %K creative destruction %K employment %K entrepreneurship %K high growth %K innovation %K management %K productivity %K startup %X This article attempts to draw together the literature on high-growth firms and management capability using Australian Government data from the Expanded Analytical Business Longitudinal Database. We tracked cohorts of new micro-sized firms (startups) over five years from birth. Compared with startups that had a low employment growth trajectory, medium- and high-growth micro-startups exhibited higher financial performance, higher innovation activity, and a greater propensity to seek external (debt or equity) finance. From a management perspective, medium- and high-growth startups were also significantly more likely to monitor and assess their performance across a wider range of performance indicators. High-growth micro-startups exhibited significantly higher operational process and organizational/managerial innovation, a higher likelihood of foreign ownership, and a greater demand for equity finance than medium-growth micro-startups. This data is consistent with other evidence that suggests that sustained high growth comes from superior strategic management and may suggest an ongoing role for government policy in building firm management capability in order to foster employment growth. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 33-40 %8 06/2016 %G eng %U http://timreview.ca/article/995 %N 6 %1 Department of Industry, Innovation and Science (Australia) Luke Hendrickson is Manager of Innovation Research in the Australian Government's Department of Industry, Innovation and Science, where he is focused on innovation and measuring the performance of the national innovation system. He is principally responsible for delivering the Government’s annual Australian Innovation System Report, which is now in its seventh year. Luke’s general work interests are in the areas of productivity and competitiveness and how innovative entrepreneurship drives these outcomes across all sectors of the economy. He also has a particular interest in the economics of complexity, measuring management capability, and business eco-innovation. Luke holds a PhD from the Australian National University in Canberra. %2 Department of Industry, Innovation and Science (Australia) Stan Bucifal is a Researcher in the Australian Government's Department of Industry, Innovation and Science, where he works as a member of the Innovation Research team. His main research interests are in the field of industry policy, productivity, and innovation. He has experience in industry policy development, cost-benefit analysis applied to carbon emission abatement, and conducting research into intangible capital and the geography of innovation. Stan holds a Bachelor’s degree in Business from the Queensland University of Technology, where he majored in Economics and Finance (QUT), and a Master’s degree in Public Policy, specializing in industry strategy, from the Australian National University in Canberra. %3 Department of Industry, Innovation and Science (Australia) Antonio Balaguer is a Researcher in the Australian Government's Department of Industry, Innovation and Science, where he works as a member of the Innovation Research team. His main research interests are in the fields of innovation, management, and technological change. Antonio was initially trained as chemist and holds a PhD in Political Economy and Asian Studies from Murdoch University in Perth, Australia, and a postgraduate diploma in Public Policy from the Australian National University in Canberra. %4 Australian Bureau of Statistics David Hansell is a Researcher with the Australian Bureau of Statistics, where he has worked since 2008. His main research interests include productivity of exiting and entering firms, and characteristics associated with high-productivity firms. David has an Honours degree in Asian history from the Australian National University in Canberra and a Masters of Economics degree from Macquarie University in Sydney. %R http://doi.org/10.22215/timreview/995 %0 Journal Article %J Technology Innovation Management Review %D 2016 %T Innovation Rhetoric and Reality: An Introduction to the TIM Review's Special Issue on Innovation and Entrepreneurship in Australia %A Rowena Barrett %K Australia %K entrepreneurship %K innovation %K National Innovation and Science Agenda %X In this introduction to the Technology Innovation Management Review's special issue on Innovation and Entrepreneurship in Australia, Guest Editor Rowena Barrett reflects on the perceptions of "innovation", both in terms of its evolving concepts and terminology (the rhetoric) and its frontline application (the reality). Prompted by the recent launch and ongoing implementation of Australia Government's National Innovation and Science Agenda's, this special issue focuses on insights into innovation and entrepreneurship from the Australian context. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 5-10 %8 06/2016 %G eng %U http://timreview.ca/article/992 %N 6 %1 Queensland University of Technology Rowena Barrett is Head of the School of Management at Queensland University of Technology (QUT) in Brisbane, Australia. She has played leading roles in organizing, managing, and administering research in universities in Australia and the United Kingdom. Rowena holds a PhD from the University of Melbourne, Australia, on industrial relations in smaller firms, and she has spent many years investigating the ways people in smaller firms are managed and how those firms are organized. She has a sizeable portfolio of research publications including books, book chapters, journal articles, as well practitioner papers and reports. Her research has been funded by university, industry, and government sources in Australia and the United Kingdom. She has extensive experience in teaching in the areas of management, human resource management, and industrial relations, while she has supervised over 10 PhDs to successful completion. She has also held numerous board and council member positions, both within and beyond academia. In 2015, Rowena chaired the ISPIM Innovation Summit "Changing the Innovation Landscape", which took place at QUT in Brisbane, Australia, from 6–9 December. %R http://doi.org/10.22215/timreview/992 %0 Journal Article %J Technology Innovation Management Review %D 2016 %T Revealing Hidden Innovation: Patterns of External Innovation Investment in Australian Businesses %A Kieran O’Brien %K Australia %K external investment %K hidden innovation %K innovation investment %X Recent theory and literature suggests that many businesses now innovate based on the adoption and modification of knowledge, technology, and innovations sourced externally rather than developed in-house. Yet, little is known about the value and economic impact of expenditures on outsourced innovation activities, which are often referred to as "hidden innovation" by many scholars. The issue is due largely to a lack of consistent measurement, available data, and analyses of expenditures on hidden innovation. In contrast, there is a long history of cross-country data collection on in-house research and development (R&D) activities and costs, and much research focuses on innovations involving in-house R&D effort. This study reviews results from a survey aimed at collecting new economy-wide data on external innovation investments in Australia. The results estimate total unmeasured or "hidden" investment in external innovation activities by Australian businesses at $3.5 to $4 billion in 2014, an amount large enough to stimulate important economic activity and warrant future research. This article discusses the implications of these results for policy, business strategy, and future research on innovation. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 41-48 %8 06/2016 %G eng %U http://timreview.ca/article/996 %N 6 %1 Australian Innovation Research Centre Kieran O'Brien is a Senior Research Fellow at the Australian Innovation Research Centre (AIRC) at the University of Tasmania, Australia. His role involves ongoing management of the AIRC's Tasmanian Innovation Census (TIC) project and related research. Kieran's research interests focus on innovation measurement and innovation activities in the business sector, particularly in low-tech industries where innovation often occurs through a diffusion-adoption process. Related interests include the different modes of innovation, innovation capability and innovation policy as they relate to economic development. Kieran has previously worked in management, research and policy analysis roles in Commonwealth Government agencies including the Australian Bureau of Statistics and the Australian Department of Education, Science and Training. %R http://doi.org/10.22215/timreview/996