Citation:Semasinge, Dissanayake & Davidsson, Per (2009) Venture idea newness, relatedness and performance in nascent ventures. In Gillin, L (Ed.) Proceedings of the 6th International AGSE Entrepreneurship Research Exchange, Feb 3-6, 2009, ECIC, University of Adelaide, South Australia, Australia, Swinburne University of Technology, Adelaide, Australia , pp.17-26.
Date:2009
Abstract:
The study of venture idea characteristics and their contextual fit are key research goals in
entrepreneurship (Davidsson, 2004). In line with this, the present study investigated the importance of
newness and relatedness in the venture idea on the venture creation process among nascent
entrepreneurs. Progress in the venturing process is examined in terms of the pace of progress measured
by the completion of gestation activities. Study hypothesized that venture idea newness slows down
the venturing process and relatedness facilitates the venturing process. Results of 727 nascent
entrepreneurs in Australia indicated that there is no support for the hypothesis that relatedness assists
the gestation progress. Newness in terms of product/service is significant but, on the contrary to the
expectation, has a positive impact on the venture creation progress.
