Noel Lindsay - Ngee Ann-Adelaide Education Centre (NAA)

Professor Noel LindsayBiography/ BackgroundAt 16, Noel Lindsay dropped out of school to start his first business which initially succeededbut then failed. Learning from this failure prompted him to complete his high schooleducation of an evening while working during the day and then enter University. Aftercompleting his PhD in Commerce at The University of Queensland, Noel co-founded,developed, and harvested successful businesses in Australia, South Africa, and Malaysia. Healso worked in corporate insolvency and then private equity as a Director of a $22 millionventure capital fund that invested $1m-$3m in growth-oriented entrepreneurial ventures. AsProfessor of Entrepreneurship and Commercialisation and Director of the Entrepreneurship,Commercialisation and Innovation Centre (ECIC) at the University of Adelaide, he leads ateam that teaches and undertakes research in the areas of entrepreneurship, innovation,technology commercialisation, and project management. Noel is a Fellow of, and holds aPracticing Certificate with, CPA Australia and is an Affiliate of the Institute of CharteredAccountants in Australia.The Entrepreneurship, Commercialisation & Innovation Centre's (ECIC) Mission is tostimulate innovation through its research, teaching, and community engagement activities. Itsmain offices are located in the Engineering South Building on the University of Adelaide'sNorth Terrace campus. It also has offices in the ThIncLab Business Incubator that it operatesfor the University at Thebarton and in Australian Technology Park, Sydney, along with apresence on the University's Ngee-Ann campus in Singapore.QualificationsBachelor of CommerceBachelor of Commerce (Honours)Doctor of Philosophy (Qld)Teaching InterestsEntrepreneurship, venture financing, business planningResearch InterestsResearch interests include entrepreneurship (business and social) and venture financePublicationsRecent Research ActivitiesRecent Research Reports• Balan, P. and Lindsay, N. (2009) Developing an innovation capability in theAustralian Hotel industry, Research Report, Sustainable Tourism CooperativeResearch Centre.

• Corral de Zubielqui, G., Lindsay, N., and Harris, H. (2009). The Relevance ofInnovation and Globalisation to Firm Performance. Research Report submitted tothe South Australian Department of Trade and Economic Development and andMarion, Onkaparinga, Playford, and Salisbury Councils.• Lindsay, Noel J., List, D., and Mapunda, G. (2008). The Use of YieldManagement by B&B Operators in South Australia. Research Report, SustainableTourism Cooperative Research Centre.• Hancock, Gary, Klyver, Kim, Lindsay, Noel and Hindle, Kevin (2007).Entrepreneurial Motivation in Australia in 2006: A Summary of Salient Data fromthe 2006 GEM Australia National Adult Population Survey. Australian GraduateSchool 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 inAustralia in 2006: A Summary of Salient Data from the 2006 GEM AustraliaNational Adult Population Survey. Australian Graduate School ofEntrepreneurship Research Report Series, Vol. 4, No. 4. Melbourne: SwinburneUniversity 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 fromthe 2006 GEM Australia National Adult Population Survey. Australian GraduateSchool 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 amoderator of private entrepreneurship investment behavior. Handbook ofResearch into New Venture Creation, edited by K. Klyver and K. Hindle, EdwardElgar Publishing.• Kropp, F., Zolin, R., & Lindsay, N. (2009) Identifying and implementing adaptivestrategy in the US Military. In Lumpkin, G.T. & Katz, J. Advances inEntrepreneurship, Firm Emergence, and Growth, Vol. 11, New York, JAIPress/Elsevier.• Lindsay, Noel J. (2006). Venture capitalist entrepreneurial orientations. InLockett, Andy, Ucbasaran, Deniz, and Butler, John. (Eds). Research inEntrepreneurship and Management, Vol. 5, pp.223-237.Recent Refereed Journal Articles• Hallak, R., Lindsay, N., and Brown, G. (2011). Examining the role ofentrepreneurial experience and entrepreneurial self-efficacy on SMTE performance.Tourism Analysis, Vol. 6, (Forthcoming).• Hallak, R., Brown, G., and Lindsay, N. (2012). The place identity - performancerelationship among tourism entrepreneurs: A structural equation modellinganalysis. Tourism Management, 33, 143-154.• Kropp, Fredric and Lindsay, Noel. J., and Shoham, Aviv. (2008) Entrepreneurialorientation 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 entrepreneurialattitude. 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). Genderdifferences 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) Facilitatingcreative problem solving in the marketing curriculum in response to the demands ofthe networked information society, 15Th World Marketing Congress, ReimsManagement School, Reims, Champagne, France, 19-23 July.• Lindsay, Noel J., Lindsay, Wendy A., Kropp, Fredric, and Jordaan, Anton (2010). Dowhat nascent entrepreneurs think others think influence business start-up intentionsand behavior: A longitudinal study, Babson College Entrepreneurship ResearchConference 2010, IMD, Lausanne, Switzerland, June, 2010.• Xia, Zhiqiang, Lindsay, Noel J., Seet, Pi-Shen, and Goodman, Steve (2010). Docultural norms, customs, and traditions matter? An exploratory study of venturecapitalist decision preferences in China, Interactive Paper Session, Babson CollegeEntrepreneurship Research Conference 2010, IMD, Lausanne, Switzerland, June,2010.• Xu Ting, Lindsay, Noel, O'Connor, Noel (2010). An extended application ofentrepreneurial self-efficacy in a family business Chinese village context, IFERA 2010Family Business Forum, Zhuhai, China, February.• Balan, Peter and Lindsay, Noel (2010) Innovation capability: Exploring the factorsthat make up this construct in the services sector, 7th AGSE InternationalEntrepreneurship Research Exchange 2010, Coolum, University of the SunshineCoast, February.• Xu, Ting, Lindsay, Noel, O'Connor, Allan (2010). Toward the development of an"ESE" Scale for Chinese villagers, 7th AGSE International Entrepreneurship ResearchExchange 2010, Coolum, University of the Sunshine Coast, February.• Xia, Zhiqiang, Lindsay, Noel J., Seet, Pi-Shen, and Goodman, Steve (2010). Venturecapitalists' 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 betweenentrepreneur values, attitude, and self-efficacy and firm entrepreneurial orientationand firm performance, 3rd Israel Strategy Conference, Be'er Sheva, Israel,December 27-29.• Kropp, Fredric, Lindsay, Noel, and Seet, Pi-Shen (2009). Values, entrepreneurialattitudes and self-efficacy and entrepreneurial orientation, Research Symposium onMarketing 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 EspirituEmpresarial Universidad Icesi 2009, Columbia, August 2009.• Kropp, Fredric and Lindsay, Noel (2009). Values and entrepreneurial orientation ofearly stage entrepreneurs, World Marketing Congress, Oslo School of Management,Campus Kristiania, Oslo, Norway, p. 115-117, July, 2009. available at www.amsweb.org/login.cfm• Lindsay, Noel J., Lindsay, Wendy A., and Kropp, Fredric (2009). Start-up intentionsand behavior of necessity-based entrepreneurs: A longitudinal study, Frontiers ofEntrepreneurship Research, Babson College, USA.• Kropp, Fredric, Lindsay, Noel, and Seet, Pi-Shen (2009). Values, entrepreneurialattitude, entrepreneurial self-efficacy, and entrepreneurial orientation, ResearchSymposium on Marketing and Entrepreneurship 2009, University of Illinois atChicago, Chicago, USA, August 2009.• Kropp, Fredric and Lindsay, Noel (2009). Values and entrepreneurial orientation ofearly 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 aservice industry with the manufacturing sector, 6th AGSE InternationalEntrepreneurship Research Exchange 2009, Adelaide, The University of Adelaide, 3-7February 2009• Graciela B. Corral de Zubielqui, G.B., Lindsay, N.J., and Harris, H. (2009) Exploringthe influence of drivers, ideas sources and collaboration activities on innovation,globalisation and firm performance relationships, 6th AGSE InternationalEntrepreneurship Research Exchange 2009, Adelaide, The University of Adelaide, 3-7February 2009• Lindsay, N.J., Lindsay, W.A., Kropp, F., and Jordaan, A. (2009) Entrepreneurialempowerment and wellbeing in Indigenous nascent entrepreneurs and nonentrepreneurs,Abstract, 6th AGSE International Entrepreneurship ResearchExchange 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 SmallBusiness & 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 papersession, Babson College Entrepreneurship Research Conference 2008, University ofNorth 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 SouthAfrican nascent entrepreneurs. 5th AGSE International Entrepreneurship ResearchExchange 2008, Melbourne, Swinburne University of Technology, Australia,February.• Lindsay, Noel J. and Graciela Corral de Zubielqui, Graciela (2008). Exploring theinfluence of globalization and innovation on firm performance. 5th AGSEInternational Entrepreneurship Research Exchange 2008, Melbourne, SwinburneUniversity of technology, Australia, February.• Kropp, Fredric, Zolin, Roxanne, and Lindsay, Noel (2007). Opportunity recognitionand 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-BasedNascent Entrepreneurs. 13th Academy of Marketing Science World MarketingCongress, Verona, Italy, 11-14 July, 2007.• Kropp, Fredric, Zolin, Roxanne, and Lindsay, Noel J. (2007) Federal GovernmentEntrepreneurship: 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 theValues - Entrepreneurial Attitude - Opportunity Recognition Relationship in NascentEntrepreneurs. 4th AGSE International Entrepreneurship Research Exchange 2007,Brisbane, QUT, Australia, February.• Balan, Peter, and Lindsay, Noel J. (2007) Developing Innovation Capability Measuresfor the Services Sector: An Exploratory Study. 4th AGSE InternationalEntrepreneurship Research Exchange 2007, Brisbane, QUT, Australia, February.• Hancock, Gary, and Lindsay, Noel J. (2007) Understanding Entrepreneur andBusiness Angel Investment Capabilities, Expectations, and Relationships. 4th AGSEInternational Entrepreneurship Research Exchange 2007, Brisbane, QUT, Australia,February.• Lindsay, Noel, Lindsay, Wendy, and Hancock, Gary. (2006) Venture CapitalistEntrepreneurial Orientations in Developed and Developing Countries. 51st WorldConference for the International Council for Small Business, Melbourne, June.• Lindsay, Noel J. and Lindsay, Wendy A. (2006). Venture Capitalist EntrepreneurialOrientations in Developing Environments. 3rd AGSE International EntrepreneurshipResearch Exchange 2006, Auckland, New Zealand, February.• Lindsay, Noel J., and Lindsay, Wendy A. (2005) Venture capitalist opportunityrecognition differences: East versus West. 50th International Council for SmallBusiness Conference, Washington DC, USA, June.• Lindsay, Noel J., Jordaan, Anton, and Lindsay, Wendy A. (2005) Values andentrepreneurial attitudes of nascent entrepreneurs. 50th International Council forSmall 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: Donascent Indigenous entrepreneurs perceive opportunities differently? RegionalFrontiers of Entrepreneurship Research 2005, Vol. 2:278-298.• Lindsay, Noel J (2005). Opportunity recognition behaviors of venture capitalists indeveloping countries. 2nd AGSE International Entrepreneurship Research Exchange2005, Melbourne, Australia, February.• Lindsay, Noel J and Balan, Peter. (2005). Entrepreneurial self-efficacy, reasons forventure startup, and perceived success. Regional Frontiers of EntrepreneurshipResearch 2005, Vol. 2:373-380.• Lindsay, Noel J., Jordaan, Anton, and Lindsay, Wendy A. (2004). Entrepreneurshipas the way of the future for South Africa: Toward a theory of entrepreneurialattitude 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 consummateentrepreneurs? Similarities and differences in their opportunity recognitionperceptions and behaviors. International Council of Small Business 49th WorldConference, Johannesburg, South Africa, June.• Lindsay, Noel J. (2004). Eastern and western venture capitalist entrepreneurialorientations and their performance relationships. International Council of SmallBusiness 49th World Conference, Johannesburg, South Africa, June.• Lindsay, Noel J. & McStay, Dell (2004). What is a family business? Existence of thefamily dynamic in first generation family owned franchisee businesses. InternationalCouncil of Small Business 49th World Conference, Johannesburg, South Africa, June.• Lindsay, Noel J. (2004). Insights into the opportunity formulation process andperformance of Australian venture capitalists. Regional Frontiers of EntrepreneurshipResearch, Vol. 1, No. 2:4-16.

• Lindsay, Noel J. and McStay, Dell (2004). Are franchisees entrepreneurs? Theinfluence of entrepreneurial orientation on franchisee performance. RegionalFrontiers of Entrepreneurship Research, Vol. 1, No. 2.Professional AssociationsFellow, CPA AustraliaPublic Practice Certificate Holder, CPA AustraliaAffiliate, Institute of Chartered Accountants in AustraliaCommunity EngagementJustice of the Peace (Qualified), Queensland, AustraliaMember, Rotary Club of Kent TownMember, Board of Governors, Pulteney Grammar School, AdelaideMember, Management Committee, Joanna Briggs Foundation