Articles tagged with Entrepreneurship
A strategic partnership has been announced between OCI, IBM Canada, and uOttawa to support Ontario's SMEs in adopting cybersecurity capabilities. The uOttawa-IBM Cyber Range will provide a technology development site for SMEs to test and demonstrate cybersecurity solutions across four key sectors.
The article discusses how AI tools are transforming the architectural design process, enabling faster production of options for clients. Startups like Arqgen and SleepUp are leveraging generative design techniques to create innovative solutions for interior design and real estate development, respectively.
A new paper by Rowena Crabbe explores how entrepreneurship can help marginalized groups surmount obstacles, including limited access to capital, social closure, and consumer discrimination. The research identifies conditions for success, such as self-employment, products for unmet needs, and processes that lower barriers.
Researchers from the University of Toronto's Rotman School of Management found that campaign size, social capital, and reward options are top factors in success. Machine learning identified a sweet spot for campaign duration and reward options, with success plateauing after 50 options.
USC Keck School of Medicine has received a $12.5 million gift from Jerre Stead to support neurological surgery innovation and entrepreneurship. Dr. Aaron Cohen-Gadol, a renowned neurosurgeon, has joined the faculty, bringing his education and innovation platform, Neurosurgical Atlas.
The DREAM+PLAN program will recruit up to 32 PhD researchers to develop pathways for solving local and global climate emergencies through resilience, restoration, and regeneration. The program's goal is to create a positive impact on a more sustainable, fair, inclusive planet.
A new study by the University of Texas at Austin found that acknowledging employees' efforts, rather than their abilities, boosts overall productivity in companies with remote workers. Praising effort-focused messages, especially those that are personally identifiable, can have a significant impact on employee motivation and performance.
The new ERC EARTH research center will focus on developing sustainable refrigerant technologies and practices to improve quality of life and combat climate change. Lehigh University's team, led by David Vicic, will work on reclamation and repurposing of high-GWP legacy refrigerants.
A new study by Bayes Business School found that different atmospheres influence people's behavior and decision-making in strategic settings. The researchers discovered that various moods led to distinct interactions and strategies, with pensive atmospheres causing caution and curious ones fostering exploration.
Researchers discovered that buyers are more likely to choose and pay more for products made with enjoyment, even when sellers charge lower prices. Sellers' production enjoyment signals quality and leads to higher buyer interest.
A new study published in the Strategic Entrepreneurship Journal defines four distinct types of social ventures, including Social Intermediaries, Social Stimulators, and Social Providers. The research reveals how these business models impact a firm's value creation and capture potential.
New research from Texas McCombs suggests that small sellers have more options than previously thought. The study modeled the interactions between companies and consumers, considering factors like other channels, number of players, and substitutability. Sellers can choose to retain control over their prices or sell to Amazon, weighing t...
The study explores gendered social innovation in tourism, revealing transformative trajectories of female entrepreneurs in Ecuador and Mexico. Relational empowerment is found to arise from interactions with family members, community leaders, and colleagues, while structural limitations such as sexism and limited access to resources res...
Research by Lancaster University found that people in higher social grades, including corporate world and education sectors, are adopting each other's speech patterns to be more inclusive. This 'resonance' has increased over the past 20 years, particularly among those with high social status.
A recent study found that habitual entrepreneurs have increased gray matter volume in the left insula compared to managers, a brain region associated with enhanced cognitive agility and divergent thinking. This suggests that the brains of habitual entrepreneurs are adapted to foster cognitive flexibility.
The Goethe SDG Contest recognized three award-winning start-up teams: HOPES Energy, MySympto, and CERES FieldCheck. These innovative projects leverage AI and sustainable products to address pressing global challenges, including energy storage, healthcare efficiency, and environmental conservation.
Research from Texas McCombs finds that developers who multihome their software attract more users to the original product, improving its performance and standing out in the market. The study also shows that multihoming can lead to a 5.3% increase in average monthly usage for similar products.
A study from the University of Surrey found that businesses with dynamic capabilities can collaborate better with suppliers to improve environmental practices. MNEs willing to take risks benefit more in addressing simpler environmental challenges like sustainability standards and waste reduction strategies.
A study by ECU's Professor Pi-Shen Seet and Associate Professor Wee-Liang Tan found that positive family events have a greater influence on the survival of new ventures, leading to overconfidence and poor decision-making. This can increase vulnerability to making mistakes that harm the venture.
New research reveals that women entrepreneurs face significant biases in startup financing, with higher loan rejection rates and poorer credit terms. The study found that societies with greater women's empowerment actually exacerbate these gaps, suggesting a need for policy interventions to address the issue.
Startups are advised to prioritize experimentation and product-market fit over early scaling, with platform companies being particularly vulnerable to failure. The study's findings contradict popular notions that rapid growth is necessary to prevent competitor imitation.
Researchers found that 55% of startup firms conduct systematic marketing, but early-stage B2B firms are the least likely to do so. Early-stage B2C firms benefit from systematic marketing more than late-stage B2B firms. The study suggests that investors and entrepreneurs can use this framework to determine whether to invest in marketing.
The University of Houston contributes to the local hydrogen ecosystem through Texas Innovates' winning proposal, 'Carbon and Hydrogen Innovation & Learning Incubator.' The organization will provide incubation, access to partner laboratories, and scale-up support for hydrogen startups in the greater Houston region.
Owner-managers' matching competence is essential in the early years of a firm to theorize about potential value combinations. The study also found that family dynamics can hinder growth by constraining owners' judgment and preventing professionalization, but introducing governance mechanisms can resolve this challenge.
A study found that companies with top management from Shiga Prefecture exhibited better environmental, social, and governance (ESG) performances. The Sanpo-yoshi values promoted inclusivity and elevated ESG metrics, suggesting a global standard for responsible business practices.
The study identifies three patterns of resilience: adjusting, absorbing, and adopting, each with strengths and weaknesses. Strategies include flexible deadlines, margins, bite-sized shifts, patience, and recognizing time as a fundamental element for dealing with environmental changes.
The World Innovation Summit for Health (WISH) has announced its 2024 Global Healthcare Innovation Competition at Web Summit, open to visionary entrepreneurs and health-focused startups. Winners will receive an invitation to showcase their innovations at WISH 2024, investment awards, and access to industry experts.
West Virginia University researchers introduced a new database showing occupational licensing's impact on the workforce, highlighting how licenses increase cost and time to enter professions, affecting consumers. The database encompasses 50 jobs across all 50 states, providing insights into licensing standards, fees, and requirements.
Research by Marius Ring finds that entrepreneurs whose personal stock portfolios lose value suffer ripple effects, including less financing and curtailed hiring, which disproportionately affect younger companies.
A Brazilian study analyzed how low-income communities deal with the effects of the economic crisis in São Paulo city. The research found that entrepreneurship is a main strategy used by members of poor communities to participate in the economy, with over 15 million people registered as micro-entrepreneurs nationwide.
The book provides a systematic analysis of the Chinese credit bond market, covering institutional, technological, macroeconomic, and microeconomic factors. It offers tools for investors, fund managers, researchers, and university students to understand the market's evolution, existing problems, and development direction.
A study by WVU researcher Nancy McIntyre reveals that individuals with ADHD tend to use routines and patterns to store stimuli from their environment, allowing them to make connections and file away resources for future use. This helps entrepreneurs with ADHD excel in qualities such as alertness, adaptability, and entrepreneurial intent.
New research from Texas McCombs found that startups have an outsized number of future citations, sparking more innovation in emerging industries like photovoltaic cells. Startups' inventions are more likely to be cited by universities and companies due to resource disparities, academic citations, and prior lawsuits.
A new study finds that general human capital weakens growth aspirations in pro-market contexts, while specific human capital strengthens them. During crises, the dynamic shifts, with negative interactions vanishing and positive interactions becoming more pronounced for entrepreneurs with market experience.
A new study found that women's success as leaders in family businesses is deeply rooted in how employees interpret their leadership style, with a focus on inclusive and supportive cultures. Women can leverage their business's commitment to learning and open-mindedness to support entrepreneurship, but face biases in nonfamily firms.
A new study demonstrates the importance of diverse social ties to entrepreneurship, even in divided societies. Researchers found that entrepreneurs used tactics like finding commonalities and defocusing on ethnicity to build trust and access resources. The study offers specific strategies for navigating partisan divides productively.
A new model shows that boards should invest more resources to confirm the CEO's plan when they are mildly overconfident. However, if the CEO is highly confident, the board should act as a monitor and only intervene if necessary. In extreme cases, visionary CEOs may be allowed to run with their ideas without intervention.
Binghamton University will receive $6 million from the NSF to translate cutting-edge research into real-world applications and promote regional entrepreneurship. The initiative aims to increase the university's capacity for translational research, providing students with practical training and career development opportunities.
A $2 million three-year grant from the U.S. Department of Commerce will create a regional incubator for life sciences startups in South Carolina, providing them with expertise, resources, and networking opportunities.
A new study by UCF researcher Jeff Gish found that former entrepreneurs can successfully transition into employees, especially in roles harnessing their entrepreneurial spirit. Identity conflict between old and new selves was associated with burnout and lower boosterism levels.
The new GEET+ 2.0 report and assessment tool aims to integrate equity, diversity, and inclusion into business-training curriculums, enhancing program content and delivery. By identifying biases and stereotypes, organizations can create more inclusive entrepreneurship systems, ultimately improving access to resources for underrepresente...
A recent study published in Work and Occupations found that gig workers experienced higher rates of food insecurity, skipped housing payments, and unpaid credit card bills during the COVID-19 pandemic. Economic hardships were more pronounced for those with children, less savings, or working multiple gig jobs.
A new study found that growth mindset training enhances entrepreneurial programs by 50%, enabling individuals to apply learned business principles effectively. The research team discovered a significant increase in entrepreneurial actions among those who received the training, which helped overcome fixed mindsets and scarcity mentality.
A recent study found that recruiters are less likely to rank former startup founders as top candidates due to biases in evaluating their skills and cultural fit. Smaller companies and recruiters with entrepreneurial aspirations tend to view entrepreneurs more favorably, but overall, startups remain less hireable than corporate executives.
Researchers found that job seekers were 20% more likely to search for work at companies with over 500 employees after March 13, 2020. The average size of companies searched increased by 29%, driven by highly-skilled and better-educated candidates, which can impact startup success.
The STARTUP Central project empowers public university researchers to commercialize their biomedical innovations. A smart online educational curriculum, InspireU2 iTi, will train academics on product development, business structuring, and more. The program aims to bridge the gap between groundbreaking discoveries and real-world solutions.
CityU and AFCR have signed a MoU to promote cutting-edge cancer-related innovative inventions and commercialization. The partnership aims to foster the development of biomedicine and related innovation, with world-leading scholars from Harvard Medical School attending the inaugural 'Innovation Series in Biomedicine' forum.
The Oak Ridge National Laboratory's Safari program aims to connect post-exit entrepreneurs with commercially relevant technologies developed by world-leading scientific experts. The program seeks to expedite the transition of research toward the marketplace, promoting U.S. competitiveness and national security.
The Graphene Flagship project has produced significant contributions to Europe's GDP and GVA, with an estimated return on investment of 14.5-fold. By 2030, the project aims to create over 81,000 jobs internationally.
The study found that individuals with hearing difficulties, vision impairments, and cognitive disabilities had the highest employment rates, with 52%, 40.3%, and 31.9% respectively. Remote work became essential during the pandemic, contributing to the surge in employment-to-population ratios for people with disabilities.
High-ability workers prefer startups over large firms due to career preferences and non-monetary benefits. They value autonomy and opportunities to work on cutting-edge technologies.
A randomized controlled experiment found that growth mindset training significantly improved the confidence of entrepreneurs in Tanzania, leading them to take more action in applying new skills. This breakthrough has implications for entrepreneurship training and teaching more generally.
The partnership supports 13 startups, most of which are new to East Tennessee, providing training, mentoring, and connections with regional government agencies and industry. The combined program aims to grow Knoxville's entrepreneurial community and strengthen its clean energy innovation ecosystem.
The seventh cohort of Innovation Crossroads aims to develop transformative energy technologies. Cohort 7 fellows are creating innovative solutions for plastic waste recycling, energy storage, and wind turbine blade production.
A new study published in Strategic Management Journal finds that when parent firms identify and implement ideas internally, they outperform spinouts. The probability of survival for spinouts is about 64% at age three, compared to 59% for new establishments of parent firms, which closes the gap by age seven
The study found that team composition changes significantly affect a new venture's ability to innovate. After adjusting for lost and gained experiences, the findings suggest that turnover has a net positive effect on innovation. Reflective episodes during membership transitions can stimulate creativity and spur innovation.
The article explores how AI will revolutionize leadership, with humans needing to understand AI's capabilities to lead effectively. The author argues that AI will be more effective than average leaders in addressing basic psychological needs of employees.
Forcing private firms to disclose their financial statements leads to more mergers and acquisitions (M&As) and better deals. The study found that mandatory reporting intensity is positively correlated with M&A activity and targets' growth rates after the acquisition.
A multidisciplinary study found evidence of increased neuronal connectivity in the brains of serial entrepreneurs, suggesting they possess greater cognitive flexibility. This increased flexibility enables them to alternate between exploration and exploitation, crucial for entrepreneurial success.
A University of Washington study examines the effects of strategy courses on MBA students' decision-making abilities, industry concerns, and mental representations. The results show that strategy courses improve accuracy, increase attention to broader details, and boost confidence among students.