The Australian Centre for Entrepreneurship Research [ACE] at the QUT Business School hosted three events to inspire and build business as part of 2014 Queensland Small Business Week, an initiative supporting and celebrating the important role of small business in the Queensland economy. Presented by: Associate Professor Paul Steffens, Deputy-Director, Australian Centre for Entrepreneurship Research: This seminar explores how Australia holds up against other countries. Australia is not Silicon Valley –but neither is 99% of the US! How does Australia’s level of entrepreneurial actually fare in comparison with other countries? What is the rate and quality of new business formation compared to relevant other countries? Are women, immigrants and different ethnic groups over- or under-represented—and how does their representation compare internationally? Looking beyond small, independent start-ups: Is Australia high or low in “producing” self-made billionaires who created their fortunes based on business activities? What about entrepreneurial initiatives among employees in established businesses? Various types of research actually points a rather bright picture of the state of entrepreneurship in Australia, and even if there are things that could be improved we should perhaps think twice about thinking and saying that everything is much better elsewhere.