London Business School Receives GCEC Award for Exceptional Contributions in Entrepreneurship Research

London Business School is honored to be recognized for supporting groundbreaking and impactful research in entrepreneurship and private capital with a Highly Commended distinction at the 2023 GCEC Awards.

2023 GCEC awards Exceptional Contributions in Entrepreneurship research, Highly commended

In a testament to its unwavering commitment to advancing knowledge in the fields of entrepreneurship and private capital, London Business School’s Institute of Entrepreneurship and Private Capital (IEPC) has been granted the prestigious Highly Commended distinction in Exceptional Contributions in Entrepreneurship Research at the 2023 Global Consortium of Entrepreneurship Centers (GCEC) Awards. The GCEC, renowned for fostering collaboration among global entrepreneurship center leaders, recognized the exceptional contributions made by the faculty and researchers that are part of the institute in advancing entrepreneurship and private capital research at its annual conference, held at the University of Texas at Dallas from October 5 to 7.

This prestigious accolade is a testament to London Business School’s unwavering support for research via its institutes, its faculty, and its dedication to advancing knowledge in entrepreneurship and private capital. The GCEC conference, attracting a record-breaking attendance of over 700 academic and industry leaders, serves as a platform for institutions worldwide to celebrate and strengthen the role of universities in nurturing future entrepreneurs and early-stage investors. The Highly Commended award is a significant achievement for IEPC and London Business School as a whole.

The Institute of Entrepreneurship and Private Capital’s research mission is driven by a commitment to explore vital issues and disseminate findings that can create a positive impact. Their research is marked by a multidisciplinary approach, with faculty members from various departments collaborating on entrepreneurship research. Furthermore, IEPC’s research spans both entrepreneurship and private capital, recognizing the pivotal role of funding in venture growth. While IEPC boasts a broad research agenda, three standout areas have been the focus of recent research activities. First, the Institute has shed light on the challenges faced by female entrepreneurs, drawing attention to the gender bias and inequalities that persist in entrepreneurship.

Olenka Kacperczyk, Professor of Strategy and Entrepreneurship who does part of her research on gender bias said: “I am interested in studying disparities in gender and race and ways to overcome them. The reason behind this is that entrepreneurship and innovation depend on the participation of diverse talent. We get better results and create more economic value when diverse groups are engaged. Hence, I try to understand (a) what barriers prevent broader participation; and (b) what initiatives can be put in place to foster inclusion and participation.”

Their pioneering work has led to greater awareness and discussion of these issues, both within the entrepreneurial community and among policymakers in Europe.

IEPC is also recognized for its research on early-stage funding sources, often referred to as “the funding buffet.” The Institute’s research has covered various aspects of Corporate Venture Capital (CVC), crowdfunding, and early-stage investing, providing valuable insights to early-stage investors and corporations seeking closer ties with startups.

Finally, research on Environmental, Social, and Governance (ESG) topics and platforms has positioned LBS as early leaders in these emerging fields. LBS faculty’s work has set the stage for discussions and initiatives that address the increasing importance of sustainability and ESG in entrepreneurship, private capital and investment decisions.

The Institute’s engagement and dissemination efforts are essential components of its research mission. In addition to supporting the creation and publishing of academic papers, the noticeable impact comes from these findings being shared through practitioner-focused journals like “Harvard Business Review” and “California Management Review,” as well as through the School’s “Think” magazine and newsletter. Its commitment to knowledge sharing extends to its world-class faculty, who actively participate in journal management, academic conferences, and educational programs.

As Luisa Alemany, Associate Professor of Management Practice and Academic Director of the Institute of Entrepreneurship and Private Capital, notes, “The profound impact of our research on entrepreneurship is playing an instrumental role in improving decision-making, supporting funding decisions, and helping to reduce bias in the world of entrepreneurship and private capital. By sharing the findings of our work, both in the classroom and publicly across the global academic world and among practitioners, we are amplifying its effect and contributing to improving the way that diverse entrepreneurs and investors navigate challenges, capitalize on opportunities, and increase the chances of success. We are humble and happy with this recognition that will make us continue searching for the answers to those questions that are more pressing in the world of entrepreneurship and private capital. Thank you!”

Find out more about the winners of the 2023 GCEC awards here.

View our research projects at the Institute of Entrepreneurship and Private Capital here.