The Centre for Research on Entrepreneurship
and Innovation at Bath (CREI@Bath)

Inspired by the Italian "tu crei" = "you create"

University of Bath School of Management University of Bath School of Management

Our members

Director: Professor Orietta Marsili

Orietta Marsili is Professor of Entrepreneurship and Innovation and Director of Studies of the MSc in Entrepreneurship and Management, at the School of Management of the University of Bath. Orietta joined Bath in 2013, moving from the Netherlands, where she held positions at the Rotterdam School of Management of the Erasmus University, as Associate Professor in Entrepreneurship and Academic Director of the MSc in Entrepreneurship & New Business Development, and, at the beginning of her career, as Post-Doc researcher and Assistant Professor at the Eindhoven Centre of Innovation Studies, of the Eindhoven University of Technology. Orietta gained a DPhil in Science and Technology Policy from SPRU at the University of Sussex.

Orietta's work covers two research streams within the study of industrial dynamics from an evolutionary perspective. One research stream looks at the generation of novelty by entrepreneurial firms, its variety of patterns across industrial settings, and the potential to offer an 'innovation premium' for survival. Another research stream explores the mechanisms that transmit novelty across organisations through mergers and acquisitions. More recently, Orietta's interests are in the micro foundations of industrial dynamics, with a focus on the role of human capital in shaping company choices and the performance of new ventures. Her work has been published in Research Policy, Entrepreneurship Theory and Practice, Small Business Economics, Regional Studies, and Journal of Evolutionary Economics among others.


Sergio Costa

Dr Sergio Costa
Sergio Costa's research interests are focused on entrepreneurship, lying at the intersection of academic/technology entrepreneurship, strategic management and innovation. His PhD explored business model change in early-stage entrepreneurial university spin-offs, and how it relates to firm performance, by using a longitudinal multiple case study design. He now pursues two research streams. The first focuses on university spin-offs, and the second focuses on business models. Sergio has presented his research at the Academy of Management, Strategic Management Society, and Babson College Entrepreneurship Research conferences, and received in 2015 the Academy of Management Heizer Doctoral Dissertation Award by the Entrepreneurship Division, and the British Academy of Management Best Full Paper Award in Entrepreneurship.

Sergio is a Lecturer in the School of Management at the University of Bath (UK). Previously, he was an Assistant Professor at University of Porto, and a Senior Researcher at INESC TEC in Portugal. Sergio received a PhD from the Hunter Centre for Entrepreneurship at Strathclyde Business School, and an MBA from Porto Business School. Prior to joining academia, Sergio worked as a strategy consultant at Porto Business School, as a sales engineer at Siemens Healthcare, and as a planning & production engineer at Infineon Technologies.

Daniela Defazio

Dr Daniela Defazio
Daniela Defazio's research interests focus on the innovation process from knowledge creation to knowledge transfer and commercialization, and on the entrepreneurial process. She has a particular interest in the role of networks and in the social and organizational dynamics shaping innovation and entrepreneurship. Her past projects have investigated how research networks, shaped by financial incentives, affect knowledge creation. Her current research focuses on two main streams. The first investigates the determinants of academic technology transfer and entrepreneurship, with particular focus on the role of capabilities and social networks. The second stream focuses on social drivers of entrepreneurial success within the specific context of crowdfunding.

Daniela Defazio has a PhD in Economics and Management of Innovation from Bergamo University (Italy). She holds a position as senior associate researcher at the innovation Policy Lab of the Munk School, University of Toronto (Toronto, Canada). She has also worked as a researcher at the Center for Innovation Research at Tilburg University (Tilburg, The Netherlands), Telfer School of Management (Ottawa, Canada) and Cass Business School (London, UK).

Panos Desyllas

Dr Panos Desyllas
Panos Desyllas is Senior Lecturer (associate professor) in Strategy, and Director of Studies for the PhD Programme at the University of Bath, School of Management. He is also a Research Associate at Cambridge University's Centre for Business Research. Previously he worked at Oxford University's Said Business School as an Advanced Institute of Management Post-doctoral Fellow and the Manchester Business School as a Lecturer. He has been a visiting scholar at HEC Paris and Cambridge University. Panos holds a first class BSc in Economics from University College, London and an MPhil in Economics from Churchill College, Cambridge. In 2005 he completed an award-winning PhD in Management at Cambridge's Judge Business School, where he was an ESRC and Lloyd's of London scholar.

Panos has published on Mergers and Acquisitions and on IP Management in journals such as Research Policy, Long Range Planning, Cambridge Journal of Economics, and Managerial and Decision Economics. He was Principal Investigator on an Economic and Social Research Council (ESRC) grant on "Using IP protection to capture value from innovation in knowledge-intensive service firms".

Dimo Dimov

Professor Dimo Dimov
Dimo Dimov, is a Professor of Innovation and Entrepreneurship at the University of Bath. Dimo has been recognised recently as one of the top 100 professors of entrepreneurship.

Dimo holds a PhD in Entrepreneurship from London Business School and an MBA from Case Western Reserve University (USA) and the CEU Graduate School of Business (Hungary). Prior to joining the University of Bath, he was on the faculty at Newcastle University, University of Connecticut (USA), and IE Business School (Spain). Prior to entering academia, he was finance director with Marriott International, overseeing two hospitality businesses in Budapest, Hungary with 500 employees and £20m turnover.

Dimo's research focuses on enabling, accelerating, and funding the entrepreneurial process, from initial idea to viable venture, in independent, corporate, and social settings. He teaches entrepreneurship and entrepreneurial finance, seeking to inspire students to embrace the entrepreneurial journey and equip them with the mindset and design and finance skills necessary to navigate it. He also works with both start-ups and established companies to facilitate the development of mindset and structures for innovative performance.

  Virgilio Failla
I hold a PhD from Copenhagen Business School and an MSc from Bocconi University. My research interests are in entrepreneurship, which I explore by taking both an individual perspective and an organisational view. I focus on the importance of individual experience and human capital and emphasize the role of established organisations as fonts of entrepreneurship. These themes, together with innovation, its management, the interplay between innovation practices and entrepreneurship, are the core components of my research.
Dr Richard Fairchild

Dr Richard Fairchild
Richard Fairchild's research focuses on three major strands:

  • Behavioural and Emotional Finance/economics
  • Venture capitalist/entrepreneurial financial contracting, relationships and performance
  • Game theory

These strands are complementary, in that Richard employs Game-theoretic and theoretical behavioural economics approaches to understanding venture capital/entrepreneurial contracting: he has a number of publications and working papers in this area: most notably: "An Entrepreneur's Choice of Venture Capitalist or Angel-financing: A Behavioural Game-Theoretic Approach": published in Journal of Business Venturing: 2011. Recently, his research has been developing in the direction of social investing/social entrepreneurship, and, in partnership with the Psychology Department, neuroeconomics.

Richard has published his research in many leading international journals, including Journal of Business Venturing, Journal of Financial Research, Journal of Business Ethics, International Review of Financial Analysis, International Journal of Production Engineering, Managerial Finance. He has also published a number of Book Chapters, and was Book Editor for "Entrepreneurship: Motivation, Performance and Risk": a collection of invited research chapters (Nova Publishers).

Richard is Editor-in-Chief of the International Journal of Behavioural Accounting and Finance, and Series Editor for the Routledge Research Monograph Series on Behavioural Economics and Finance. He presents his work regularly at national and international conferences.

In addition to his research activities, Richard is involved in public engagement and impact, working with several finance institutions, banks, and investment (and social investment) organisations to apply his research to practical real-world problems. Richard has an undergraduate degree, and MSc in Economics, and PhD in the Economics of Corporate Finance. Furthermore, between his undergraduate and postgraduate studies, Richard worked for twelve years in a finance role in Industry.


Patrick Gaule
I am an economist specialized in the economics of science and innovation. I work as a senior lecturer in economics at the University of Bath. Prior to joining Bath, I was an assistant professor of economics at CERGE-EI in Prague and a postdoctoral research fellow at MIT Sloan (2009-2011) and Harvard (2011-12). I am originally from Switzerland and obtained my PhD at the Federal Polytechnic School of Lausanne (EPFL).

Portrait of Dr Winifred Huang

Dr Winifred Huang
I joined the Accounting, Finance & Law Division at School of Management as a Senior Lecturer in Finance in October 2017, having previously been a Lecturer in Finance at University of Essex and Aston University. My primary research field is in empirical corporate finance, especially related to dividend policy, corporate liquidity management and capital structure. Current research focuses on (1) how firms manage their liquid assets and how the real effects of financial markets influence corporate decision making and (2) alternative finance for SMEs and entrepreneurs, e.g. crowdfunding. My work has been published in several international journals, such as Journal of Corporate Finance. I have been an ad-hoc reviewer for several internationally well-established journals and conferences, such as Journal of Corporate Finance, British Accounting Review, International Review of Financial Analysis, International Journal of Banking, Accounting and Finance, Financial Management Association Annual Meeting, Financial Management Association European Conference, and INFINITI.


Cornelia Lawson
Cornelia Lawson is Prize Fellow at the University of Bath School of Management. Previously she was JSPS post-doctoral fellow at The University of Tokyo. Her research focuses on the performance and career paths of academic researchers and industrial inventors, as well as university-industry collaboration. Her current projects look at dual appointments of academics and open science.

Cornelia is also an associate of the Centre for Business Research at the University of Cambridge and a research affiliate at the Bureau for Research in Innovation, Complexity and Knowledge (BRICK), Collegio Carlo Alberto. She is the main organiser of an annual workshop on the "Organisation, Economics and Policy of Scientific Research" at the Collegio Carlo Alberto, dedicated to the analysis of the production and diffusion of scientific research. Cornelia received her PhD in Economics from the City University, London in 2011. She was a Visiting Doctoral Fellow at CIRCLE, Lund University, Sweden and at Bocconi University, Italy and a Visiting Fellow at the ZEW, Mannheim, Germany.


Dr Weixi Liu
Dr Weixi Liu has a PhD in Finance and an MSc in Economics, both from the University of Exeter Business School. His primary research interest in entrepreneurship lies in two core areas. First, the financing of small businesses and entrepreneurial firms. With particular focus on the interaction between firms and financiers, Weixi is currently involved in multiple research projects investigating the existence of credit rationing from both the demand and supply sides, as well as the provision of both debt and equity finance to early-stage, high-growth, high-tech entrepreneurial firms over the recent recessionary cycle. The second area of interest is the growth dynamics of SMEs. Weixi is keen on examining the key determinants of early-stage firm growth and growth expectations, with special attention to the effect of entrepreneurial human and financial capital, international and innovation strategies, and social networks.

Weixi has published extensively in leading academic journals, and has been commissioned by both national governments and international institutions to conduct policy-focused research on entrepreneurship policy and policy evaluation. Prior to joining Bath, he was Associate Professor at Shanghai University of Finance and Economics, and Renmin University of China. He has also held positions at Exeter Business School and the Department for Business Innovation and Skills (BIS).

Nick Kinnie

Professor Ammon Salter
Ammon Salter is a Professor of Innovation at the School of Management, University of Bath. He received his doctorate from SPRU at the University of Sussex in 1999, where he also worked as a researcher from 1998-2002. From 2003-2013, he was a faculty member at Imperial College London, acting as the co-Director of the Innovation Studies Centre. From 2009-2013, he was the Research Director of the UK Innovation Research Centre.

His research has been published widely, in journals such as Strategic Management Journal, Organization Science, Academy of Management Review, Academy of Management Journal, Research Policy and California Management Review. He is currently an Associate Editor at Industrial and Corporate Change. His research focuses on open and distributed models of innovation, social networks and innovation, and university-industry collaboration and typically involves engagement with policy and practice through collaborative projects with industrial and governmental partners.

Chenjian Zhang

Dr Chenjian Zhang
My research topics include institutional theory, social networks, and entrepreneurship. Trained as an economic sociologist, my research focuses on understanding how organisations and entrepreneurs make strategic responses when they are socially embedded in their context. I am currently working on research projects that "mine the past":

  1. how does historical imprinting during China's treaty ports system in 19th century affect cities' current capabilities of attracting FDI
  2. how does entrepreneurs' sensemaking of their venturing experience during the institutional change affect their behavioral patterns.

I am also fascinated by the "emerging" China's social enterprise sector and studying how the interactions among different institutional intermediary organizations contribute to the field emergence and innovation.

I received a PhD in Sociology from University of Bremen. I was a visiting scholar at Stanford University. Prior joining Bath, I worked as a postdoctoral fellow at Jacobs University, Germany.