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Building Entrepreneurial Culture in a ‘Company Town’: Innovative Initiatives in the Illawarra

  • John Grace
Chapter

Abstract

The Illawarra is an example of an Australian region that has an urgent need to develop renewed competitive advantage. With an economy strongly based in steelmaking and coal mining, recent withdrawals by key corporate industry in the Illawarra has created a region in crisis. The traditional competitive advantage of the region must now be reshaped: this chapter explores an approach for economic strengthening and diversification based on building entrepreneurial culture – via ‘economic gardening’. This path has been taken by regional stakeholders to build framework of conditions for increased entrepreneurial activity, which will allow the Illawarra region ($12 billion economy) to continue to contribute to national productivity.

Keywords

Venture Capital Entrepreneurial Activity Business Owner Entrepreneurial Culture Competitive Intelligence 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Department of Innovation, Industry, Science, Research and Tertiary EducationInnovative Regions CentreWollongongAustralia

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