An exploratory classification of ecological incubator environments in Wales

School of Managemen

Welsh and immigrant new firms and new firm founders : are they really different?

School of Managemen

Fostering of Entrepreneurship Competencies and Entrepreneurial Intentions in a Weak Ecosystem

This exploratory study conducted in the transitional context of Ukraine explores whether students drawn from a supportive entrepreneurship education (EE) reported higher intensity of entrepreneurial intention (IOEI) than students that did not participate in EE. Further, this study explores what specific competencies honed within a supportive EE are associated with students reporting high IOEI. Guided by competency theory, two hypotheses were tested with regard to a representative sample of 125 business EE students, and a further 64 engineering students that had never participated in EE. EE students drawn from a supportive educational entrepreneurial ecosystem were found to be associated with significantly higher IOEI. With regard to 13 competencies honed by EE, it was found that only three competencies (the ability to identify high quality opportunities, computer literacy, and networking) were significantly albeit to a weak degree associated with higher IOEI. Additional studies are warranted in several former Soviet Union contexts to provide a rigorous evidence base to guide resource allocation decisions of the government with regard to supporting EE and entrepreneurial ecosystems. This exploratory study relating to the sample of students in one entrepreneurial ecosystem in the Ukraine does not provide conclusive evidence for the government to more proactively support the educational entrepreneurial ecosystem with regard to its current content and delivery

Internationalization Of Management Buyouts

Multivariate statistical analysis is utilized to explore the association between firm strategies, contributions made by venture capitalists and incentives for owners and employees and three exporting variables in a stratified random sample of 147 management buyouts and buyins. Firms focusing upon a diversified product/ service range and/or advertising were significantly more likely to be exporters. Firms focusing upon product/ service quality and financial efficiency and those with high proportions of employees receiving performance related pay were significantly less likely to be exporters. Manufacturing firms and firms focusing upon a diversified product/ service range and/or advertising were significantly more likely to report high percentages of sales exported. Variations in the proportion of sales exported over time were associated with strategies focused upon product/service quality and a diversified product/ service range

Entrepreneurship in the Netherlands; SMEs and International co-operation

This is the seventh edition of the series 'Entrepreneurship in the Netherlands'. The series started in 1997 and is a joint publication of the Netherlands Ministry of Economic Affairs and EIM Business & Policy Research. This edition deals with international cooperation of SMEs. The first Chapter by EIM describes characteristics of international cooperation: why, how and with what type of effects? Thereafter staff members of the Ministry sketch the aims and the ambition of policy instruments in the field. As practical illustrations three enterprises haven been portrayed. In addition to authors from EIM and the Ministry of Economic Affairs, three staff members working on internationalisation and entrepreneurship at the Nottingham University Business school in UK, reflect on the issues covered in this publication by presenting and commenting on ten myths that surround the internationalisation of smaller private firms.

Formal Venture Capital Acquisition: Can Entrepreneurs Compensate for the Spatial Proximity Benefits of South East England and ‘Star’ Golden-Triangle Universities?

Building on the resource-based view of the firm and signalling theory, we challenge the traditional perspective that spatial proximity benefits can be leveraged by university spin-outs (USOs) located in the South East of England (particularly those drawn from 'star' golden-triangle universities with additional reputational benefits), and that USOs located elsewhere will be constrained from obtaining first formal venture capital (VC) required for venture development. With the aid of a longitudinal database of 134 USOs involving unique archival and survey data, event-history analysis identified, counter to the traditional perspective, that USOs located outside the South East of England were significantly more likely to obtain formal VC. Also, counter to the spatial proximity benefits view, star golden-triangle USOs were not significantly more likely to obtain VC. Our evidence supports a spatial mismatch view between investors and investees. Resource-combination signals sent by USOs and favourably received by VC firms were found to differ according to USO location context: USOs located outside the South East of England and star golden-triangle universities that signal the credible presence of habitual founders were more likely to obtain VC. USOs located outside star golden-triangle universities that had previously obtained publicly backed equity finance were also more likely to obtain VC. However, USOs located in the South East of England with reputable management teams were most likely to obtain VC

The role of geographical proximity in the establishment and development of science parks – evidence from Nanjing, China

The emergence of science parks is a relatively new phenomenon in China. Apart from the widely debated topics of university–industry linkages, collaboration among firms and spontaneous/policy-driven science parks, the development of science parks in China also has several distinguishing characteristics, such as their ambiguous linkage with urban expansion and their hierarchical structuring pattern. This paper attempts to discuss the motivation and efficiency of spatial proximity in science park development and to explore the role of universities in science parks, the function of science parks as a government project and a case study of location choice by on-site firms. The qualitative analysis, based on in-depth interviews with tenant firm managers and district-level government officers in Jiangning, Nanjing, is used as a basis for discussion

A crucial role for the ubiquitously expressed transcription factor Sp1 at early stages of hematopoietic specification

Mammalian development is regulated by the interplay of tissue-specific and ubiquitously expressed transcription factors, such as Sp1. Sp1 knockout mice die in utero with multiple phenotypic aberrations, but the underlying molecular mechanism of this differentiation failure has been elusive. Here, we have used conditional knockout mice as well as the differentiation of mouse ES cells as a model with which to address this issue. To this end, we examine

Sustainable Sources of Biomass for Bioremediation of Heavy Metals in Waste Water Derived from Coal-Fired Power Generation

Biosorption of heavy metals using dried algal biomass has been extensively described but rarely implemented. We contend this is because available algal biomass is a valuable product with a ready market. Therefore, we considered an alternative and practical approach to algal bioremediation in which algae were cultured directly in the waste water stream. We cultured three species of algae with and without nutrient addition in water that was contaminated with heavy metals from an Ash Dam associated with coal-fired power generation and tested metal uptake and bioremediation potential. All species achieved high concentrations of heavy metals (to 8% dry mass). Two key elements, V and As, reached concentrations in the biomass of 1543 mg.kg−1 DW and 137 mg.kg−1 DW. Growth rates were reduced by more than half in neat Ash Dam water than when nutrients were supplied in excess. Growth rate and bioconcentration were positively correlated for most elements, but some elements (e.g. Cd, Zn) were concentrated more when growth rates were lower, indicating the potential to tailor bioremediation depending on the pollutant. The cosmopolitan nature of the macroalgae studied, and their ability to grow and concentrate a suite of heavy metals from industrial wastes, highlights a clear benefit in the practical application of waste water bioremediation