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Article

Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems

by 1,2,* and 1,2
1
DEGEIT—Department of Economics, Management, Industrial Engineering and Tourism, University of Aveiro, Campus Universitário de Santiago, 3810-193 Aveiro, Portugal
2
GOVCOPP—Research Unit on Governance, Competitiveness and Public Policies, Campus Universitário de Santiago, 3810-193 Aveiro, Portugal
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(19), 8112; https://doi.org/10.3390/su12198112
Received: 15 July 2020 / Revised: 15 September 2020 / Accepted: 29 September 2020 / Published: 1 October 2020
(This article belongs to the Special Issue Innovation Ecosystems: A Sustainability Perspective)
Innovation matters. Business success increasingly depends upon sustainable innovation. Observing recent innovation best practices, the emergence of a new paradigm is traceable. Creating an innovative ecosystem has a multilayer effect: It contributes to regional digitalization, technological start-up emergence, open innovation promotion, and new policy enhancement retro-feeding the system. Public policy must create open innovation environments accordingly with the quintuple helix harmonizing the ecosystem to internalize emerging spillovers. The public sector should enhance the process, providing accurate legal framework, procurement of innovation, and shared risks in R&D. Opening the locks that confine the trunks of community, academic, industry, and government innovation will harness each dimension exploiting collective and collaborative potential of individuals towards a brighter sustainable future. In this sense, the aim of this study is to present how open innovation can enhance sustainable innovation ecosystems and boost the digital transition. For that, firstly, a diachronic perspective of the sustainable innovation ecosystem is traced, its connection to open innovation, and identification of the university linkages. Secondly, database exploration and econometric estimations are performed. Then, we will ascertain how far open innovation frameworks and in particular the knowledge flows unveiled by the university promote smart and responsible innovation cycles. Lastly, we will propose a policy package towards green governance, empowering the university in governance distributed ecosystem, embedded in the community, self-sustained with shared gains, and a meaningful sense of identity. View Full-Text
Keywords: open innovation; innovation ecosystems; sustainability; logit models open innovation; innovation ecosystems; sustainability; logit models
MDPI and ACS Style

Costa, J.; Matias, J.C.O. Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems. Sustainability 2020, 12, 8112. https://doi.org/10.3390/su12198112

AMA Style

Costa J, Matias JCO. Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems. Sustainability. 2020; 12(19):8112. https://doi.org/10.3390/su12198112

Chicago/Turabian Style

Costa, Joana, and João C.O. Matias. 2020. "Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems" Sustainability 12, no. 19: 8112. https://doi.org/10.3390/su12198112

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