Entrepreneurship, innovation and strategy

Overview

Partnerships

Synengco Pty Ltd are the developers of SentientSystem - an automated decision support system for sustainability that takes into account the interactions of the complex systems normally associated with large industrial plant.

It was initially designed for use within electricity generating companies to enhance the transparency, efficiency and effectiveness of the generation process through better utilisation of the physical, information and knowledge assets. It is now also being used for process safety, carbon emissions and asset management within the same complex systems engineering framework.

The system is today delivering millions of dollars of value with typically less than 6 month payback. It is also reducing the environmental impact and risks associated with power generation. The technology and methodology can be applied to the complete electricity and energy value chain from generation, though the distribution networks to the final consumer of the energy. The end result, if the technology was applied wholesale across all assets, would be a reduction of 15 to 20% of greenhouse gases and provide the most cost effective CO2 emissions abatement possible.

The entrepreneurial spirit of Queensland mining magnate Ken Talbot will live on with the establishment of the Talbot Family Foundation Chair in Entrepreneurship at QUT.

The late Mr Talbot, one of Queensland's most successful self-made business people, has contributed to the establishment of the chair, housed within QUT's Australian Centre for Entrepreneurship (ACE).

Talbot Family Foundation Advisory Board chairman Don Nissen said that Ken Talbot was personally involved in this decision to sponsor the Centre.

"As a proud Queenslander, one of Australia's leading entrepreneurs and a generous philanthropist Ken saw this commitment by the Talbot Family Foundation as one of the ways his legacy would benefit the community at large for many generations to come."

Projects

This is just a sample of our research activity in this area.

• Independent Music Program (IMP)
• Global Entrepreneurship Monitor (GEM)
• Firm Early Development and Performance (FEDP): A Panel Study
• Capturing Value on the Margins of the Global Knowledge Economy
• Innovation Programs and Business Performance in Small and Medium Enterprises
• DEEO Discovery and Exploitation of Entrepreneurial Opportunities: The Differential Effects of Organizational Antecedents on Dimensions of Corporate Entrepreneurship
• Innovative Road Products
• The Comprehensive Australian Study of Entrepreneurial Emergence (CAUSEE)

People

Program leaders

New Venture Creation and Corporate Entrepreneurship

Professor Per Davidsson - Director, Australian Centre for Entrepreneurship Research

Innovation Policy

Professor Rachel Parker - Assistant Dean, Research

Technology and Innovation Management

Professor Paul Hyland