A region needs, not just many entrepreneurs, but many successful, high-growth entrepreneurs – men and women with the dedication, support and freedom of economic action to build global companies from scratch.
High-growth entrepreneurs – sometimes called “gazelles” in the academic literature – are the real force behind job creation. They were responsible for some 70 per cent of US employment growth in the early 1990s, for instance. In Britain, one study found 4 per cent of the new firms formed in a given year accounted for 50 per cent of all the jobs created 10 years down the road.
So how do you encourage high-growth entrepreneurs in Europe? In a society that is, by the standards of America or the Pacific Rim, pathologically risk-averse, how do you create a climate in which people will take a chance? And what policies do you adopt so that, once they have taken the plunge, the odds are longer that they will succeed?
It is to encourage debate on these questions that Science|Business is organising a cycle of news, features and policy analysis in coming months. We begin our coverage with a collection of profiles – journalistic snap-shots of technology entrepreneurs in Europe who made it big. These men and women can serve as role models for the rising generation of academics, engineers and other technically-skilled Europeans.
The names of most of the people profiled were suggested by the Science|Business Innovation Board, a blue-ribbon panel of leaders in European academia, policy and industry which meets periodically to discuss EU innovation policy. The Board is organized by Science|Business, and supported by Microsoft International.
The Board met to discuss role-model entrepreneurs – what makes them tick? – on 20 June 2007, in the Boardroom of Imperial College London. The host for the Imperial meeting was Sir Richard Sykes, rector of Imperial College London. The Board will meet again 10 December, in Barcelona, hosted by Xavier Mendoza, Dean of the ESADE Business School. Additional activities are planned throughout 2008 – and we welcome your comments and questions as we proceed. Indeed, we’d be happy to publish your views in this debate – pro or con.
The Innovation Board, and this series of profiles in success, reflect the founding motivation of Science|Business, itself: through working with our university and industry partners, we want to improve the climate for enterprise in science.
Terri Robinson | alfa
How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung
Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT
A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.
Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...
In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.
“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...
The Max Planck Institute for Physics (MPP) is opening up a new research field. A workshop from November 21 - 22, 2016 will mark the start of activities for an innovative axion experiment. Axions are still only purely hypothetical particles. Their detection could solve two fundamental problems in particle physics: What dark matter consists of and why it has not yet been possible to directly observe a CP violation for the strong interaction.
The “MADMAX” project is the MPP’s commitment to axion research. Axions are so far only a theoretical prediction and are difficult to detect: on the one hand,...
Broadband rotational spectroscopy unravels structural reshaping of isolated molecules in the gas phase to accommodate water
In two recent publications in the Journal of Chemical Physics and in the Journal of Physical Chemistry Letters, researchers around Melanie Schnell from the Max...
The efficiency of power electronic systems is not solely dependent on electrical efficiency but also on weight, for example, in mobile systems. When the weight of relevant components and devices in airplanes, for instance, is reduced, fuel savings can be achieved and correspondingly greenhouse gas emissions decreased. New materials and components based on gallium nitride (GaN) can help to reduce weight and increase the efficiency. With these new materials, power electronic switches can be operated at higher switching frequency, resulting in higher power density and lower material costs.
Researchers at the Fraunhofer Institute for Solar Energy Systems ISE together with partners have investigated how these materials can be used to make power...
16.11.2016 | Event News
01.11.2016 | Event News
14.10.2016 | Event News
02.12.2016 | Medical Engineering
02.12.2016 | Agricultural and Forestry Science
02.12.2016 | Physics and Astronomy