Magdalena Streicher, doctoral candidate with exploratory focus on "Entrepreneurship" at the Munich-based Max Planck Institute for Innovation and Competition since October 2014, was awarded the Appreciation Prize from the Austrian Federal Ministry of Science, Research and Economy for her excellent achievements in the framework of her master studies in "International Management / CEMS" at the Vienna University of Economics and Business at the end of November.
The prize, endowed with EUR 2,500, is awarded annually at the recommendation of the Austrian universities and the conference of the technical colleges to their best graduates of the previous academic year. Two groups are eligible: on the one hand, persons who, under the auspices of the Austrian president, complete a doctorate, and on the other hand graduates of diploma and master programs. The requirement for the latter group is the completion of the diploma examination or the bachelor and master examination, respectively, with honors, as well as an excellent and best-rated diploma or master thesis, respectively. The Appreciation Prize is meant to make visible and honor top performance during academic studies and, at the same time, to be a stimulus for young academics.
In her master thesis "Diversity and Innovation: Which factors besides the demographic diversity of the founding team influence the innovation capability of a new company?" Streicher used a case study to analyse the dynamic of homogeneous founder teams. The thesis shows that the cognitive capabilities to integrate new knowledge in the company, to generate ideas and to identify opportunities are shaped much more by a variety of personal features and mindsets than by the demographic diversity of the founding team.