BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Talks.cam//talks.cam.ac.uk// X-WR-CALNAME:Talks.cam BEGIN:VEVENT SUMMARY:TEG Seminar Series 2007: Professor Gordon Murray - Professor Gordo n Murray\, Chair of Management (Entrepreneurship) at the School of Busines s &\; Economics at the University of Exeter DTSTART:20070516T130000Z DTEND:20070516T140000Z UID:TALK7433@talks.cam.ac.uk CONTACT:Paul H DESCRIPTION:We are delighted to announce that the second of this term's Te chnology Enterprise Group seminars will be given by Professor Gordon Murra y\, Chair of Management (Entrepreneurship) at the School of Business & Eco nomics at the University of Exeter. The details of his talk are as follows :\n\n*Title: “Taking the Long View: the survival & growth of ‘adolesce nt’ high-tech firms in Germany and the UK\, 1997-2003”*\n\nDate: Wedne sday 16th May\nTime: 14:00 - 15:00\nLocation: Seminar Room A\, Institute f or Manufacturing\, Mill Lane\, Cambridge. "Click for map":http://www.ifm.e ng.cam.ac.uk/service/maps/\n\nIt would be very helpful if you could send m e an email to let me know if you plan to attend this event so that we can prepare enough handouts.\n\n*Abstract:*\nReviewers of empirical studies on the performance of high-tech\, young firms repeatedly bemoan the fact tha t the majority of such studies are cross-sectional in design rather than o rganised to collect repeated observations over a protracted time period. T he present panel study\, based on a collaboration between the University o f Exeter and the Centre for European Economic Research (ZEW\, Mannheim) an d funded by the Anglo-German Foundation\, looks at the genesis and growth of a cohort of 600 independent young firms started in Germany and the UK b etween 1987 and 1996. The study seeks to explore those issues that influen ce the growth and survival of these firms a majority of which had internat ionalised within their first three years of existence. Contemporary issues including the absence of continued growth firms (aka “gazelles”)\, ot herwise termed “The European Paradox” are also explored.\n\n* Cowling\ , M\, Fryges\, H.\, Licht\, G and Murray\, G. C. 2007. The Survival & Grow th of ‘Adolescent’ High-Tech Firms in Germany and the UK\, 1997-2003. London & Berlin: Anglo-German Foundation.\n\n*Biography:*\nGordon Murray ( http://www.ex.ac.uk/rbp/Staff/GCMurray/GCMurray.html) holds a Chair of Man agement (Entrepreneurship) at the School of Business & Economics at the Un iversity of Exeter. He worked for both international corporations and gove rnment before changing career and becoming an academic in his early 40s. H e has been on the faculty of Warwick and London Business Schools before mo ving to the School of Business and Economics at the University of Exeter i n 2003. Since 1989\, he has researched\, lectured and consulted internatio nally in the two related areas of New Technology-based Firms and the inter national development of the formal and informal Venture Capital Industry. Dr. Murray has conducted policy-focused research for the UK\, German\, Fin nish\, Irish and other European governments\, the Australian Commonwealth and the European Commission\, in addition to undertaking consulting commis sions for several corporations\, the British and European Venture Capital Associations\, banks and other financial service providers. He has publish ed in several academic journals as well as writing book chapters\, officia l reports\, policy analyses etc. focusing on the means by which the growth of entrepreneurial young firms can best be supported. \n\nParticular long -term interests include how national venture capital industries have evolv ed over time\; fund performance issues\; and in trans-Atlantic and pan-Eur opean comparisons of venture capital support for\, especially\, start-ups and other early stage\, technology investments. The strategic logic of cor porate venture capital is a contemporary research interest with colleagues at Helsinki University of Technology and London Business School. With col leagues at the Centre for European Economic Research in Mannheim\, a group of 600 high tech start ups have been tracked for twelve years with the su pport of the Anglo German Foundation for the Study of Industrial Society. He is presently participating in an Anglo-German review of the financing o f young Bio-technology companies with colleagues at the University of Muni ch. He is the sole UK recipient of the 2005 Norface competitive European g rant and is currently organising three international research seminars in London\, Helsinki and Berlin http://www.norface.org/norface/publisher/inde x.jsp. The seminars which are co-funded by the European Investment Fund an d the Small Business Service will involve some sixty senior government pol icy makers and internationally known academics on the theme of the public role in the genesis and growth of high potential young (knowledge-based) f irms. \n\nRecent policy based work includes a formal review in 2002 of the early-stage\, venture capital support programme (FII) of the Finnish Mini stry of Trade and Industry\; an external assessment of the Icelandic early stage VC fund in 2003\; a seminar series on Australian early stage progra mmes in 2004\; a review of VC fund opportunities for the Finnish governmen t research agency SITRA in 2005\; an evaluation (with PWC) of the early-st age VC programme of Enterprise Ireland in 2005\; and a review of the publi c financing of young innovative companies in Finland in 2007 with Mikko Ja askelainen and Markku Maula for the Finnish Ministry of Trade and Industry .\n\nDr. Murray is a senior adviser on policy related issues concerning th e financing and growth of high potential young firms to the UK government ’s Small Business Service and is a member of the Small Business Investme nt Task Force (http://www.sbs.gov.uk/sbsgov/action/layer?topicId=700000016 4) He is particularly involved in policy programmes to address the provisi on of risk capital to early stage\, high potential businesses. He has also advised the European Commission on the financing of high growth young fir ms (Gazelles Expert Group) and is a member of the Professional Chamber of the Enterprise Policy Group (DG Enterprise) (http://europa.eu.int/comm/ent erprise/enterprise_policy/epg/index.htm) as well as having served on the R isk Capital Expert Group (DG Research). From 1999 to 2003\, he was the onl y academic member of the High-Tech Committee of the British Venture Capita l Association.\n\nOrganisers: \nThomas M. Bohné and Paul P. Hwang\n LOCATION:Seminar Room A\, Institute for Manufacturing\, Mill Lane\, Cambri dge END:VEVENT END:VCALENDAR