Latest News from the Enterprise Research Centre
Welcome to the March Newsletter from the ERC.
In this issue we take a look in the 
ERC event calendar.
There are some exciting events happening over the next few months which we would be delighted to see you at.
We also review the contribution made by ERC at the BIS Research Conference 2015 and the latest publications by the ERC.
  • ERC@ BIS Enterprise Research Conference
  • Innovation and local growth workshop
  • Realising the Growth Potential of New Businesses
  • ERC Annual 'State of Small Business Britain' conference 2015
  • Latest Publications



ERC @ BIS Enterprise Research Conference 2015 

ERC Researchers made a significant contribution to the BIS Enterprise Research Conference on 3rd March at the ERC’s London home in Shard, with Mark Hart launching the 2014 Global Entrepreneurship Monitor report on entrepreneurship and Jonathan Levie and Ute Stephan presenting two new pieces of ERC research for BIS looking at the relationship between ambition and business performance and the motivations for entrepreneurship.
James Hayton,ERC and Warwick business school presented ‘Leadership & Management Skills in SMEs:Measuring Associations with Management Practices and Performance’ which concluded that L&M skills are relatively under-developed in many SMEs.

Read Full Article Here

Innovation and local growth workshop

Thursday May 28th ,
The Shard, London

ERC presents a workshop on 'Innovation and local growth' aimed at providing new insights into the geography of innovation across the UK, the strengths and weaknesses of local innovation eco-systems and support mechanisms, and a comparison of local innovation dynamics in the UK and USA.
Innovative firms are more profitable, more productive and more resilient.
Promoting innovation among existing firms and encouraging innovative entrepreneurship is therefore central to driving local growth.
The workshop will be of interest to those involved in the analysis and promotion of local growth and business development. 
Register Here

Realising the Growth Potential of New Businesses.

Monday June 1st ,
The Shard , London

ERC in collaboration with CDFA will explore the changing nature of micro business in the UK and the demands this places on organisations seeking to provide support as these businesses grow.
The profile of new business start-ups in the UK is changing as self-employment booms.
How can we best shape local support to help these new businesses to realise their full growth potential and provide finance and other support as firms experience the transitions from self-employment to micro -to growth business?
Register Here
ERC Annual 'State of Small Business Britain'  2015' 
June 16th - Think Tank , Birmingham, UK

'The Enterprise Research Centre invites you to our annual
‘State of Small Business Britain’ Conference at the Think Tank, Birmingham.

The conference is aimed at policy makers, business advisors and anyone interested in the prosperity of the small and medium sized business community in the UK.
We will showcase the latest research findings from across the Centre, looking at what is driving growth at the local level across the UK and in a unique group of high growth businesses who together account for almost 100,000 net new jobs in the 15 years since 1998. 

Places are strictly limited so register now to secure your seat at the UK’s premier conference on the 'State of Small Business Britain’
Register Here
Latest Publications

The origin of spin-offs –
A typology of corporate and academic spin-offs

Professor Mike Wright
Dr Helmut Fryges

This paper classifies different kinds of spin off ventures according to whether they originate from the commercial sector (corporate or employee led) or from academia. It suggests that different kinds of spin offs have different objectives and strategies which lead to different development processes and eventual outcomes.

Experience, age and exporting performance in UK SMEs
Professor Jim Love
Professor Stephen Roper
Dr Ying Zhuo

There is strong evidence of a link between  exporting and innovation and this study reveals that more radical 'new to industry' innovation enables UK firms to 'go global' and access markets outside of Europe. It also highlights the impact of 'grafted on' international experience in the management team.


Firms’ innovation objectives and knowledge acquisition strategies
Professor Stephen Roper
Professor Jim Love
Karen Bonner 
Dr Ying Zhou

This study considers the connections firms make as part of their innovation activity and finds that firms that have interactive connections (where mutually learning takes place between the partners) also have more non interactive connections (involving imitation and copying). There is also a consistent relationship between the quality of a firms  human capital and its external relationships which suggests that improving a firms human capital could have the added benefit of increasing a firms openness and potential for innovation.


Does Entrepreneurship Make You Wealthy?
Dr Samuel Mwuara
Professor Sara Carter

This paper applies a different method of calculating the wealth creating benefits of entrepreneurship, using the Wealth and Assets survey to look at household assets rather the incomes of business owners which can be highly variable. The main finding is that entrepreneurial households own disproportionately more wealth than other households. Wealthier households (wealth at or above the median) become even wealthier as a result of entrepreneurship but this isn't the case for households with below median wealth.

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