Professor Noel Lindsay

Biography/ Background

At 16, Noel Lindsay dropped out of school to start his first business which initially succeeded but then failed. Learning from this failure prompted him to complete his high school education of an evening while working during the day and then enter University. After completing his PhD in Commerce at The University of Queensland, Noel co-founded, developed, and harvested successful businesses in Australia, South Africa, and Malaysia. He also worked in corporate insolvency and then private equity as a Director of a $22 million venture capital fund that invested $1m-$3m in growth-oriented entrepreneurial ventures. As Professor of Entrepreneurship and Commercialisation, Academic Director - Singapore Operations, and Director of the Entrepreneurship, Commercialisation and Innovation Centre (ECIC) at the University of Adelaide, he leads a team that teaches and undertakes research in the areas of entrepreneurship, innovation, technology commercialisation, and project management. Noel is a Fellow of, and holds a Practicing Certificate with, CPA Australia and is an Affiliate of the Institute of Chartered Accountants in Australia.

The Entrepreneurship, Commercialisation & Innovation Centre's (ECIC) Mission is to stimulate innovation through its research, teaching, and community engagement activities. Its main offices are located in the Engineering South Building on the University of Adelaide's North Terrace campus. It also has offices in the ThIncLab Business Incubator that it operates for the University at Thebarton and in Australian Technology Park, Sydney, along with a presence on the University's Ngee-Ann campus in Singapore.

Visit the ECIC website:  http://www.ecic.adelaide.edu.au/about/ 

Qualifications

Bachelor of Commerce
Bachelor of Commerce (Honours)
Doctor of Philosophy (Qld)

Teaching Interests

Entrepreneurship, venture financing, business planning

Research Interests

Research interests include entrepreneurship (business and social) and venture finance

PhD students I am currently supervising/co-supervising ...

• Peter Balan (innovation capability in the services sector)
• Anton Jordaan (necessity entrepreneur self-efficacy and social norms)
• Gary Hancock (family financing of early stage ventures)
• Gerard Reed (film industry success factors)
• Zhiqiang Xia (Chinese venture capitalist effectuation processes)
• Ting Xu (Chinese village entrepreneurship)
• Mathew McKinlay (environmental factors that facilitate innovation in digital media companies)
• Eva Balan-Vnuk (social enterprise business models)
• Lois Hazelton (entrepreneurship in the health care sector)
• Huanmei Li (entrepreneurship in the wine sector)

Publications

Recent Research Activities

Recent Research Reports

• Balan, P. and Lindsay, N. (2009) Developing an innovation capability in the Australian Hotel industry, Research Report, Sustainable Tourism Cooperative Research Centre.
• Corral de Zubielqui, G., Lindsay, N., and Harris, H. (2009). The Relevance of Innovation and Globalisation to Firm Performance. Research Report submitted to the South Australian Department of Trade and Economic Development and and Marion, Onkaparinga, Playford, and Salisbury Councils.
• Lindsay, Noel J., List, D., and Mapunda, G. (2008). The Use of Yield Management by B&B Operators in South Australia. Research Report, Sustainable Tourism Cooperative Research Centre.
• Hancock, Gary, Klyver, Kim, Lindsay, Noel and Hindle, Kevin (2007). Entrepreneurial Motivation in Australia in 2006: A Summary of Salient Data from the 2006 GEM Australia National Adult Population Survey. Australian Graduate School of Entrepreneurship Research Report Series, Vol. 4, No. 2. Melbourne: Swinburne University of Technology. ISSN 1448-7128.
• Klyver, Kim, Hindle, Kevin and Lindsay, Noel (2007). Entrepreneurial Growth in Australia in 2006: A Summary of Salient Data from the 2006 GEM Australia National Adult Population Survey. Australian Graduate School of Entrepreneurship Research Report Series, Vol. 4, No. 4. Melbourne: Swinburne University of Technology. ISSN 1448-7128
• Hancock, Gary, Lindsay, Noel, Hindle, Kevin and Klyver, Kim (2007). Entrepreneurial Finance in Australia in 2006: A Summary of Salient Data from the 2006 GEM Australia National Adult Population Survey. Australian Graduate School of Entrepreneurship Research Report Series, Vol. 4, No. 5. Melbourne: Swinburne University of Technology. ISSN 1448-7128.

Recent Book Chapters

• Kropp, Fredric, Lindsay, N.J., and Hancock, G. (2011). Cultural context as a moderator of private entrepreneurship investment behavior. Handbook of Research into New Venture Creation, edited by K. Klyver and K. Hindle, Edward Elgar Publishing.
• Kropp, F., Zolin, R., & Lindsay, N. (2009) Identifying and implementing adaptive strategy in the US Military. In Lumpkin, G.T. & Katz, J. Advances in Entrepreneurship, Firm Emergence, and Growth, Vol. 11, New York, JAI Press/Elsevier.
• Lindsay, Noel J. (2006). Venture capitalist entrepreneurial orientations. In Lockett, Andy, Ucbasaran, Deniz, and Butler, John. (Eds). Research in Entrepreneurship and Management, Vol. 5, pp.223-237.

 Recent Refereed Journal Articles

• Hallak, R., Lindsay, N., and Brown, G. (2011). Examining the role of entrepreneurial experience and entrepreneurial self-efficacy on SMTE performance. Tourism Analysis, Vol. 6, (Forthcoming).
• Hallak, R., Brown, G., and Lindsay, N. (2012). The place identity - performance relationship among tourism entrepreneurs: A structural equation modelling analysis. Tourism Management, 33, 143-154.
• Kropp, Fredric and Lindsay, Noel. J., and Shoham, Aviv. (2008) Entrepreneurial orientation and international entrepreneurial business venture startup. International Journal of Entrepreneurial Behavior and Research, Vol. 14, No. 2, pp. 102-117.
• Lindsay, Noel J., Lindsay, Wendy A., Jordaan, Anton, and Mapunda, Gido. (2007) Indigenous Nascent Entrepreneur Self-Efficacy and Perceived Personal Success. International Journal of Entrepreneurship and Small Business, Vol. 4, No. 5, pp. 605-619.
• Kropp, Fredric, Lindsay, Noel. J., and Shoham, Aviv (2006). Entrepreneurial, Market, and Learning Orientations and Entrepreneurial Business Venture Performance for South African Firms. International Marketing Review Vol 23:5, 504-523.
• Lindsay, Noel J., Lindsay, Wendy A., Jordaan, Anton, and Hindle, Kevin. (2006). Opportunity recognition attitudes of nascent Indigenous entrepreneurs. International Journal of Entrepreneurship and Small Business, Vol. 3, No. 1:56-75.
• Lindsay, Noel J. (2005). Toward a cultural model of Indigenous entrepreneurial attitude. Academy of Marketing Sciences Review, Vol. 5:1-17.
• Lindsay, Noel J. (2004). Do business angels have an entrepreneurial orientation? Venture Capital: An International Journal of Entrepreneurial Finance, Vol 6, No. 2/3, April-September: 197-210.

Recent Conference Papers

• Lindsay, Wendy A., Lindsay, Noel J., Jordaan, A., and Kropp, F. (2011). Gender differences in family and non-family business nascent necessity entrepreneurs, Babson College Entrepreneurship Research Conference 2011, Syracuse, New York, USA, June.
• Wood, D., Lindsay, N.J., Gluth, S., Corso, R., and Bilsborow. (2011) Facilitating creative problem solving in the marketing curriculum in response to the demands of the networked information society, 15Th World Marketing Congress, Reims Management School, Reims, Champagne, France, 19-23 July.
• Lindsay, Noel J., Lindsay, Wendy A., Kropp, Fredric, and Jordaan, Anton (2010). Do what nascent entrepreneurs think others think influence business start-up intentions and behavior: A longitudinal study, Babson College Entrepreneurship Research Conference 2010, IMD, Lausanne, Switzerland, June, 2010.
• Xia, Zhiqiang, Lindsay, Noel J., Seet, Pi-Shen, and Goodman, Steve (2010). Do cultural norms, customs, and traditions matter? An exploratory study of venture capitalist decision preferences in China, Interactive Paper Session, Babson College Entrepreneurship Research Conference 2010, IMD, Lausanne, Switzerland, June, 2010.
• Xu Ting, Lindsay, Noel, O'Connor, Noel (2010). An extended application of entrepreneurial self-efficacy in a family business Chinese village context, IFERA 2010 Family Business Forum, Zhuhai, China, February.
• Balan, Peter and Lindsay, Noel (2010) Innovation capability: Exploring the factors that make up this construct in the services sector, 7th AGSE International Entrepreneurship Research Exchange 2010, Coolum, University of the Sunshine Coast, February.
• Xu, Ting, Lindsay, Noel, O'Connor, Allan (2010). Toward the development of an "ESE" Scale for Chinese villagers, 7th AGSE International Entrepreneurship Research Exchange 2010, Coolum, University of the Sunshine Coast, February.
• Xia, Zhiqiang, Lindsay, Noel J., Seet, Pi-Shen, and Goodman, Steve (2010). Venture capitalists' decision preferences in China: A best-worst choice modelling approach, 7th AGSE International Entrepreneurship Research Exchange 2010, Coolum, University of the Sunshine Coast, February.
• Kropp, Fredric, Lindsay, Noel, and Seet, Pi-Shen (2009). The relationship between entrepreneur values, attitude, and self-efficacy and firm entrepreneurial orientation and firm performance, 3rd Israel Strategy Conference, Be'er Sheva, Israel, December 27-29.
• Kropp, Fredric, Lindsay, Noel, and Seet, Pi-Shen (2009). Values, entrepreneurial attitudes and self-efficacy and entrepreneurial orientation, Research Symposium on Marketing and Entrepreneurship 2009, University of Illinois at Chicago, Chicago, USA, August 2009.
• Kropp, Fredric, Lindsay, Noel, Seet, Pi-Shen, and Arbelaez, Harvey (2009). Values, entrepreneurial attitudes and self-efficacy and entrepreneurial orientation, Market Orientation, and Firm Performance, XX Congreso Latino Americano Sobre Espiritu Empresarial Universidad Icesi 2009, Columbia, August 2009.
• Kropp, Fredric and Lindsay, Noel (2009). Values and entrepreneurial orientation of early stage entrepreneurs, World Marketing Congress, Oslo School of Management, Campus Kristiania, Oslo, Norway, p. 115-117, July, 2009. available at www.ams-web.org/login.cfm
• Lindsay, Noel J., Lindsay, Wendy A., and Kropp, Fredric (2009). Start-up intentions and behavior of necessity-based entrepreneurs: A longitudinal study, Frontiers of Entrepreneurship Research, Babson College, USA.
• Kropp, Fredric, Lindsay, Noel, and Seet, Pi-Shen (2009). Values, entrepreneurial attitude, entrepreneurial self-efficacy, and entrepreneurial orientation, Research Symposium on Marketing and Entrepreneurship 2009, University of Illinois at Chicago, Chicago, USA, August 2009.
• Kropp, Fredric and Lindsay, Noel (2009). Values and entrepreneurial orientation of early stage entrepreneurs, World Marketing Congress, Oslo School of Management, Campus Kristiania, Oslo, Norway, July, 2009.
• Balan, P., Lindsay, N., and O'Connor, A. (2009) Innovation capability: Contrasting a service industry with the manufacturing sector, 6th AGSE International Entrepreneurship Research Exchange 2009, Adelaide, The University of Adelaide, 3-7 February 2009
• Graciela B. Corral de Zubielqui, G.B., Lindsay, N.J., and Harris, H. (2009) Exploring the influence of drivers, ideas sources and collaboration activities on innovation, globalisation and firm performance relationships, 6th AGSE International Entrepreneurship Research Exchange 2009, Adelaide, The University of Adelaide, 3-7 February 2009
• Lindsay, N.J., Lindsay, W.A., Kropp, F., and Jordaan, A. (2009) Entrepreneurial empowerment and wellbeing in Indigenous nascent entrepreneurs and non-entrepreneurs, Abstract, 6th AGSE International Entrepreneurship Research Exchange 2009, Adelaide, The University of Adelaide, 3-7 February 2009.
• Hancock, G., Lindsay, N.J., and Kropp, F. (2008) Friend and family financing: Contrasting arm's-length and relation-based investors. 31st Institute for Small Business & Entrepreneurship Conference, Belfast, N. Ireland, 4-7 November, 2008.
• Lindsay, Wendy A., Lindsay, Noel J., and Kropp, Fredric (2008). Values, attitudes, and start-up intentions of necessity-based nascent entrepreneurs. Interactive paper session, Babson College Entrepreneurship Research Conference 2008, University of North Carolina at Chapel Hill, USA, 4 - 7 June, 2008.
• Lindsay, Wendy A., Lindsay, Noel J., Jordaan, Anton, and Dottore, Antonio (2008) Values, entrepreneurial attitudes, and start-up intentions of Indigenous South African nascent entrepreneurs. 5th AGSE International Entrepreneurship Research Exchange 2008, Melbourne, Swinburne University of Technology, Australia, February.
• Lindsay, Noel J. and Graciela Corral de Zubielqui, Graciela (2008). Exploring the influence of globalization and innovation on firm performance. 5th AGSE International Entrepreneurship Research Exchange 2008, Melbourne, Swinburne University of technology, Australia, February.
• Kropp, Fredric, Zolin, Roxanne, and Lindsay, Noel (2007). Opportunity recognition and the military. Babson College Entrepreneurship Research Conference 2007, Instituto de Empresa, Madrid, Spain, 7 - 9 June, 2007.
• Lindsay, Wendy A., Lindsay, Noel J., Jordaan, Anton, and Hancock, Gary (2007). Exploring the Values - Entrepreneurial Attitude Relationships of Necessity-Based Nascent Entrepreneurs. 13th Academy of Marketing Science World Marketing Congress, Verona, Italy, 11-14 July, 2007.
• Kropp, Fredric, Zolin, Roxanne, and Lindsay, Noel J. (2007) Federal Government Entrepreneurship: New Enterprise Structures. 2007 United States Association for Small Businesses and Entrepreneurship (USASBE) Conference, Orlando, Florida, USA, 11 - 14 January 2007.
• Lindsay, Wendy A., Lindsay, Noel J., and Jordaan, A. (2007). Investigating the Values - Entrepreneurial Attitude - Opportunity Recognition Relationship in Nascent Entrepreneurs. 4th AGSE International Entrepreneurship Research Exchange 2007, Brisbane, QUT, Australia, February.
• Balan, Peter, and Lindsay, Noel J. (2007) Developing Innovation Capability Measures for the Services Sector: An Exploratory Study. 4th AGSE International Entrepreneurship Research Exchange 2007, Brisbane, QUT, Australia, February.
• Hancock, Gary, and Lindsay, Noel J. (2007) Understanding Entrepreneur and Business Angel Investment Capabilities, Expectations, and Relationships. 4th AGSE International Entrepreneurship Research Exchange 2007, Brisbane, QUT, Australia, February.
• Lindsay, Noel, Lindsay, Wendy, and Hancock, Gary. (2006) Venture Capitalist Entrepreneurial Orientations in Developed and Developing Countries. 51st World Conference for the International Council for Small Business, Melbourne, June.
• Lindsay, Noel J. and Lindsay, Wendy A. (2006). Venture Capitalist Entrepreneurial Orientations in Developing Environments. 3rd AGSE International Entrepreneurship Research Exchange 2006, Auckland, New Zealand, February.
• Lindsay, Noel J., and Lindsay, Wendy A. (2005) Venture capitalist opportunity recognition differences: East versus West. 50th International Council for Small Business Conference, Washington DC, USA, June.
• Lindsay, Noel J., Jordaan, Anton, and Lindsay, Wendy A. (2005) Values and entrepreneurial attitudes of nascent entrepreneurs. 50th International Council for Small Business Conference, Washington DC, USA, June.
• Lindsay, Noel J., Lindsay, Wendy A., Jordaan, Anton, and Hindle, Kevin. (2005). Toward an holistic and inclusive theory of opportunity recognition behavior: Do nascent Indigenous entrepreneurs perceive opportunities differently? Regional Frontiers of Entrepreneurship Research 2005, Vol. 2:278-298.
• Lindsay, Noel J (2005). Opportunity recognition behaviors of venture capitalists in developing countries. 2nd AGSE International Entrepreneurship Research Exchange 2005, Melbourne, Australia, February.
• Lindsay, Noel J and Balan, Peter. (2005). Entrepreneurial self-efficacy, reasons for venture startup, and perceived success. Regional Frontiers of Entrepreneurship Research 2005, Vol. 2:373-380.
• Lindsay, Noel J., Jordaan, Anton, and Lindsay, Wendy A. (2004). Entrepreneurship as the way of the future for South Africa: Toward a theory of entrepreneurial attitude orientation of nascent Indigenous entrepreneurs. 2004 SEAANZ Conference, QUT, Brisbane, Australia, September. (Nominated as a best paper candidate.)
• Geursen, Gus and Lindsay, Noel J. (2004). Are venture capitalists consummate entrepreneurs? Similarities and differences in their opportunity recognition perceptions and behaviors. International Council of Small Business 49th World Conference, Johannesburg, South Africa, June.
• Lindsay, Noel J. (2004). Eastern and western venture capitalist entrepreneurial orientations and their performance relationships. International Council of Small Business 49th World Conference, Johannesburg, South Africa, June.
• Lindsay, Noel J. & McStay, Dell (2004). What is a family business? Existence of the family dynamic in first generation family owned franchisee businesses. International Council of Small Business 49th World Conference, Johannesburg, South Africa, June.
• Lindsay, Noel J. (2004). Insights into the opportunity formulation process and performance of Australian venture capitalists. Regional Frontiers of Entrepreneurship Research, Vol. 1, No. 2:4-16.
• Lindsay, Noel J. and McStay, Dell (2004). Are franchisees entrepreneurs? The influence of entrepreneurial orientation on franchisee performance. Regional Frontiers of Entrepreneurship Research, Vol. 1, No. 2. 

Professional Associations

Fellow, CPA Australia
Public Practice Certificate Holder, CPA Australia
Affiliate, Institute of Chartered Accountants in Australia

Community Engagement

Justice of the Peace (Qualified), Queensland, Australia
Member, Management Committee, Joanna Briggs Foundation

Expertise for Media Contact

Categories	Business and management
Expertise	Entrepreneurship Private equity

Entry last updated: Sunday, 20 May 2012