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.
In February 2016 I moved to Sydney to do entrepreneurial research at the Business School of the University of New South Wales (UNSW) while working on some projects in Germany remotely. With mostly sunny days, awesome beaches and so much to explore, it turns out to be quite a challenge to focus on the work at hand. I didn’t travel that much yet, since I am still amazed by the feel of living here. I rented a waterfront place in Elizabeth Bay with an amazing view and can’t wait to look outside every time I wake up.
The city reminds me of both San Francisco and Los Angeles in many ways. The hills, architecture, harbour settings and vibes are very similar to San Francisco but still the city is very much spread out in huge suburbs which often resemble my memories of Los Angeles (but with an abundance of sidewalks as a contrast).
2016 might certainly turn out to be a year with lots of new beginnings, so I am excited. Starting in February, I will be living in Sydney for a few months. Although Sydney is arguably one of the most distant places from Hamburg, I am looking forward to escaping the winter in Europe. My first stop will be Bondi Beach. I suppose it is not a bad place to start. With temperatures around 27° C (81° F) and lots of time on my hands, it will certainly be a trip to be remembered.
While doing some research at the University of New South Wales (UNSW) and working on some projects remotely, I plan to travel around Oceania to make the most out of the trip. So if you have any tips for me about what definitely needs to be on my list, please let me know below, on foursquare or send me an email.