Entrepreneurship Policy Case Study: City of Sydney’s Tech Startups Action Plan
During my time at UNSW in 2016, I worked on a case study to review Sydney’s entrepreneurship policy approach. The case study was presented in February 2017 as a peer reviewed paper at the ACERE Conference in Melbourne, Australia.
In reviewing the City of Sydney’s Tech Startups Action Plan, a comprehensive document, outlining the city’s strategy towards the entrepreneurial ecosystem and measures undertaken to stimulate its growth, several disconnects between entrepreneurship policy and academic research findings have been discovered:
“Abstract: Public policy can shift the economic composition of a region. Many policy makers promote entrepreneurship under the assumption of a link between new ventures and economic growth and job creation. While this link is hotly debated in scientific literature, this literature and evidence base does not necessarily inform public policy. This project explores the (dis)connection between municipal innovation policy and the academic literature, using the City of Sydney’s recent Tech Startups Action Plan as a case study. This paper makes four contributions. First, comparison of the first and second parts of the review reveals several disconnects between the plan and the literature on entrepreneurship policy. Second, the origins of these disconnections are traced back to how relevant scientific findings had not been considered in the composition of the Tech Startups Action Plan. Third, this review reveals further deficiencies regarding the plan’s proposed implementation. More specifically, although the plan attempts to consider the entire ecosystem and its challenges, and introduces metrics to track the ecosystem’s growth, the plan lacks concrete implementation methods. Overall, this plan exemplifies challenges in developing municipal entrepreneurial policy. As a fourth contribution, this paper proposes means for closer collaboration between the research community and policy makers.”
Source: Recke, M. P., Bliemel, M., 2016. The City of Sydney’s Tech Startups Action Plan: A Policy Review.
The peer reviewed paper was used as a basis for further development of the research as well as for a similar case study of the innovation policy in Hamburg, Germany, and its impact on the regional entrepreneurial ecosystem.