Case Study: Transformational Entrepreneurship in Australia

Abstract

This chapter provides a case study of a cybersecurity accelerator, recently established in Australia, in response to the growing threat of cybercrime. The accelerator has been launched as a joint venture between an IT service provider and a university, with the backing of the regional government. In setting up and differentiating the accelerator particular attention has been paid to the deal flow quality, selective engagement of a broad range of mentors with deep skills and the establishment of an environment conducive to innovation. As will be discussed in this chapter, these factors increase the likelihood of success based on developing strong and dynamic networks, building founders’ skills and increasing collaboration within the ecosystem. This chapter demonstrates how the principles of transformational entrepreneurship are being utilised within this context to build a successful accelerator to tackle a challenging situation.