UNSW producing the most
entrepreneurs in Australia
Data released this week by
US tech database CrunchBase has found the University of New South Wales
(UNSW) produced more technology entrepreneurs in the past 15 years than
any other Australian university.
UNSW had more than
double the number of entrepreneurs produced by the University of
Technology Sydney, which took the second place.
Running the analysis
for Australian universities shows UNSW leads the field with 16 founders
or co-founders – the majority of whom are computing and electrical
“For most of our
students, the world of entrepreneurship is certainly in reach and an
option we try to encourage and foster,” says Associate Professor Maurice
Pagnucco, Head of the School of Computer Science and Engineering.
“It’s one of the most
exciting things about computing,” he says. “If you have the skills and
the passion, all you really need is an Internet connection and a
UNSW’s School of
Computer Science and Engineering started an
incubator program in 2011, which provides rent-free space for six
months to student start-ups.
commercialisation company, NewSouth Innovations (NSi), has also
student enterprise division designed to help start-ups and student
NSi offers student
entrepreneurs commercial and legal advice, and connects them to mentors
and external legal, IP and tax advisors. It also organises networking
events where students can pitch their start-up ideas to angel investors
whom, for many students, are difficult to have access to. All services
are free of charge for current UNSW students.
“What’s maybe different
is our commercialisation approach, we now give 100% of the equity to the
students. That’s not the case in every university yet but it’s becoming
the trend.” says Josh Flannery, student enterprise manager at NSi.
Flannery says that he
is currently speaking to 60 to 70 individual students who are working on
start-ups at the moment, and while the results were recognition of
UNSW’s commitment to encouraging entrepreneurship, he believes UNSW and
NSi are about to reach a tipping point and start producing even more