Research

Jump to: Review

21 pages, 3222 KiB

Open AccessArticle

Evaluation of Technological Knowledge Transfer between Silicon Fen Firms and University of Cambridge Based on Patents Analysis

by Asma Rezaei and Ali Reza Kamali

J. Open Innov. Technol. Mark. Complex. 2022, 8(4), 216; https://doi.org/10.3390/joitmc8040216 - 11 Dec 2022

Cited by 5 | Viewed by 2482

Abstract

Silicon Fen (SF) is a cluster of high-tech firms located around the University of Cambridge (UoC) in the UK. This article, for the first time, investigates the technological bonds between SF firms and UoC based on patent analysis covering the period of 1999–2021. [...] Read more.

Silicon Fen (SF) is a cluster of high-tech firms located around the University of Cambridge (UoC) in the UK. This article, for the first time, investigates the technological bonds between SF firms and UoC based on patent analysis covering the period of 1999–2021. We provide a short history of SF, highlighting its early formation and growth, and the role of spin-off firms on its evolution. We employ joint patents generated by UoC and various business sectors of SF to calculate the values of technological collaboration strength (TCS). It is found that the majority of joint patents (61%) are generated by the Pharma/Biotech sector of SF with the highest value of TCS (16.45 × 10⁻³). Moreover, the patent’s economic values across various business disciplines in SF are calculated based on the total counts of citations. Our observations suggest that senior university academics making spin-off firms in a business cluster around their university can effectively facilitate university–firm technological collaboration. Furthermore, the relatively strong technological bond between UoC and the Pharma/Biotech sector of SF is confirmed to be influenced by the collaboration of the university with its own spin-off firms rather than large independent firms in SF. The outcomes of this research contribute to the knowledge of the collaboration between a main research university and a cluster of firms located in its geographical proximity. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures

Figure 1

27 pages, 1331 KiB

Open AccessArticle

Dynamic Effect of Flow on Impulsive Consumption: Evidence from Southeast Asian Live Streaming Platforms

by Pradeep Paraman, Sanmugam Annamalah, Peter Vlachos, Selim Ahmed, Arunnan Balasubramaniam, Baharudin Kadir, Murali Raman and Wong Chee Hoo

J. Open Innov. Technol. Mark. Complex. 2022, 8(4), 212; https://doi.org/10.3390/joitmc8040212 - 05 Dec 2022

Cited by 2 | Viewed by 3297

Abstract

The impulsive live streaming consumption intentions of the Southeast Asian market are examined in this study. Online live streaming transactions, a new form of social media, are becoming popular due to their real-time communication and innovative business concept. Though little attention has been [...] Read more.

The impulsive live streaming consumption intentions of the Southeast Asian market are examined in this study. Online live streaming transactions, a new form of social media, are becoming popular due to their real-time communication and innovative business concept. Though little attention has been dedicated to it, a theoretical knowledge of Live Streaming Transaction (LST) is crucial given its broad application and unique features. The analysis of 8613 respondents from Southeast Asia in this study, based on flow, temperament, and personality theories, offers fresh perspectives on the mediating role of flow and the moderating effect of temperament in a cross-national setting. Cluster sampling was used to construct a mixed-method conditional indirect effects model. Since introverted temperament types look for voices that echo within them, our findings revealed that LSTs are more intriguing to this market segment. Theoretical and practical elements, as well as implications for future directions, are presented. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures

Figure 1

18 pages, 368 KiB

Open AccessArticle

Public Policies, Open Innovation Ecosystems and Innovation Performance. Analysis of the Impact of Funding and Regulations

by Joana Costa and António Carrizo Moreira

J. Open Innov. Technol. Mark. Complex. 2022, 8(4), 210; https://doi.org/10.3390/joitmc8040210 - 30 Nov 2022

Cited by 6 | Viewed by 3264

Abstract

Open innovation (OI) has been implemented to develop competitive advantages based on the management of innovation with external players. As such, it is expected that the generalized adoption of OI practices needs to be nurtured by governmental public policies in order to enhance [...] Read more.

Open innovation (OI) has been implemented to develop competitive advantages based on the management of innovation with external players. As such, it is expected that the generalized adoption of OI practices needs to be nurtured by governmental public policies in order to enhance OI-based ecosystems. The role of open innovation ecosystems is known by the importance of multiple synergies among players/stakeholders, which are expected to be supported by regulations and funding to consolidate firms’ innovation results. This paper analyzes the role of regulations and funding on firms’ innovation performance using the double-hurdle estimation procedure. The results show that, in the first tier, inbound knowledge flows positively affect performance, and, in the second tier, public funds further reinforce innovation performance and fiscal and security regulations. In contrast, as regulations are perceived as barriers, they fail to impact innovation performance. With this paper, we manage to shed light on the importance of public policy funds in the support of thriving OI-based ecosystems as enhancers of firms’ innovation performance. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

33 pages, 2158 KiB

Open AccessArticle

Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups

by Iveta Cirule and Inga Uvarova

J. Open Innov. Technol. Mark. Complex. 2022, 8(3), 162; https://doi.org/10.3390/joitmc8030162 - 09 Sep 2022

Cited by 9 | Viewed by 3069

Abstract

Business incubators ensure networking and facilitate Open Innovation (OI) collaborations both inside the incubator among entrepreneurs and outside with external stakeholders. Recently, the sustainability and the promotion of environment-friendly businesses has become an important focus for the business incubators. Sustainability-oriented business incubation is [...] Read more.

Business incubators ensure networking and facilitate Open Innovation (OI) collaborations both inside the incubator among entrepreneurs and outside with external stakeholders. Recently, the sustainability and the promotion of environment-friendly businesses has become an important focus for the business incubators. Sustainability-oriented business incubation is a relatively new and emerging topic both for scholars and BI practitioners. This paper aims to explore the theoretical groundings for the business incubation perspectives in facilitating sustainable value creation through OI approaches and to test research instruments exploring determinants of the technology-driven sustainable value creation in incubated start-ups in Latvia. Through the pilot survey, this study will also increase the awareness on the importance of the OI and the creation of sustainable value, and provides the preliminary results to be considered by scholars and practitioners. Results show that climate change, as a planetary boundary, positively stimulates incubated start-ups to improve their technology-driven sustainable value creation. However, sustainability ambition, if negatively influenced by the incubator location, negatively affects the technology-driven sustainable value creation. These results on the sustainability scale within the business incubation of start-ups contribute to the new theoretical concepts, related to integration of the sustainability issues and OI practices within business incubation. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures

Figure 1

17 pages, 350 KiB

Open AccessArticle

In Search of the Spin-Out Entrepreneur

by Matteo Landoni and dt ogilvie

J. Open Innov. Technol. Mark. Complex. 2022, 8(3), 106; https://doi.org/10.3390/joitmc8030106 - 22 Jun 2022

Viewed by 1982

Abstract

A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the ‘spin-out entrepreneur’ will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs [...] Read more.

A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the ‘spin-out entrepreneur’ will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs and 120 spin-out companies to understand what led an entrepreneur or a group of founders to enter a new industry. Our results contribute to theory, suggesting that spin-out entrepreneurs usually move to different and innovative industries owing to recombination of knowledge in founding teams. Our evidence supports the positive effect of different experiences within the team. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

29 pages, 1014 KiB

Open AccessArticle

Digital Influencers, Food and Tourism—A New Model of Open Innovation for Businesses in the Ho.Re.Ca. Sector

by Marzia Ingrassia, Claudio Bellia, Chiara Giurdanella, Pietro Columba and Stefania Chironi

J. Open Innov. Technol. Mark. Complex. 2022, 8(1), 50; https://doi.org/10.3390/joitmc8010050 - 08 Mar 2022

Cited by 26 | Viewed by 11078

Abstract

The choice of influencer marketing as an endorser for promoting products and services is becoming a more and more effective communication strategy of open innovation. Their use of social media platforms, such as Instagram, allows them to be reached by millions of followers [...] Read more.

The choice of influencer marketing as an endorser for promoting products and services is becoming a more and more effective communication strategy of open innovation. Their use of social media platforms, such as Instagram, allows them to be reached by millions of followers all over the world. As a response to the economic crisis that affected Italy after the first wave of the COVID-19 pandemic, Chiara Ferragni, one of the most endorsed influencers worldwide, started a communication campaign with the aim to promote Italian food and tourist destinations (cities of art, seaside, ski and countryside locations, thermal baths, museums, galleries, hotels, etc.). This study analyses Chiara Ferragni’s activity and the dynamic of communication she used via her Instagram (IG) profile to enhance Italian tourist destinations and “local food & wine”. Specifically, it measured the contribution of local food used as an evocative factor in the appreciation of a tourist destination and its power in different contexts. Hundreds of posts on the influencer’s IG profile were observed using the netnographic analysis. Subsequently, the AGIL model (Adaption, Goal Attainment, Integration, and Latent pattern maintenance) was applied to measure the main dimensions of this communication campaign and its effectiveness to relaunch touristic catering sectors. The study offers a new model of open innovation for advertising and promoting food and catering businesses. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures

Figure 1

17 pages, 2435 KiB

Open AccessArticle

Strategic Management of the Malaga Brand through Open Innovation: Tourists and Residents’ Perception

by Elena Cruz-Ruiz, Elena Ruiz-Romero de la Cruz, Gorka Zamarreño-Aramendia and F. J. Cristòfol

J. Open Innov. Technol. Mark. Complex. 2022, 8(1), 28; https://doi.org/10.3390/joitmc8010028 - 20 Jan 2022

Cited by 6 | Viewed by 3556

Abstract

Territory brands are vehicles for transmitting the attributes that identify a geographical setting, they facilitate market positioning and can contribute to generating an opinion that determines the promotion strategies of a place. The investment decisions of both private companies and institutional bodies will [...] Read more.

Territory brands are vehicles for transmitting the attributes that identify a geographical setting, they facilitate market positioning and can contribute to generating an opinion that determines the promotion strategies of a place. The investment decisions of both private companies and institutional bodies will be strengthened if residents and tourists’ perception is known, seeking to reconcile the interests of visitors and citizens with the aim of collaborating in the creation of the city’s tourism planning under the principles of sustainability, open innovation and co-creation of value. The methodology used for this research focuses on an empirical study, for which a sample of 780 individuals was designed so that the Malaga brand was subjected to analysis with criteria of innovative opportunity, applying constructs that were measured with existing and proven scales. The results allow us to identify that the Malaga brand is being built and managed on the basis of the cultural projection of the city and its image attributes. The ratings of tourists and residents will serve as a basis for improving the management of Malaga as a tourist destination by the institutions involved, taking into account the interest of open innovation. The conclusions of the research can be extrapolated to other geographical environments with similar levels of tourism development. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures

Figure 1

Review

Jump to: Research

16 pages, 3727 KiB

Open AccessReview

An Updated Systematic Review of Business Accelerators: Functions, Operation, and Gaps in the Existing Literature

by Jaber Aljalahma and John Slof

J. Open Innov. Technol. Mark. Complex. 2022, 8(4), 214; https://doi.org/10.3390/joitmc8040214 - 07 Dec 2022

Cited by 2 | Viewed by 3787

Abstract

Business accelerators have emerged as an important innovation intermediary, with their primary role identified as stimulating premature startups through mentorship and training programs. However, despite significant improvement and 17 years of working history, there are still gaps in working behavior, business accelerator forms, [...] Read more.

Business accelerators have emerged as an important innovation intermediary, with their primary role identified as stimulating premature startups through mentorship and training programs. However, despite significant improvement and 17 years of working history, there are still gaps in working behavior, business accelerator forms, organizational structure, operations, and outcomes. This systematic review aims to boost the understanding of seed accelerators in innovation and entrepreneurial activities. The Context, Intervention, Mechanism, and Outcome (CIMO) framework was used to collect data from the 53 articles published in the last 17 years. In this current systematic review of applying a CIMO analysis to business accelerators, we retrieved 53 articles for further detailed studies, out of which 21 articles were assessed for the risk of bias analysis. The current review highlights that by providing learning opportunities, idea validation, increased access to growth, and innovation, startup accelerators achieved their goals. Moreover, the study also identified gaps in the literature and opportunities for cohort-based, short-term mentorship programs. The outcomes of the present study will provide suggestions for policymakers, entrepreneurs, managers, and investors. Full article

(This article belongs to the Special Issue Open Innovation in Startups: Competitive Strategies for Differentiation)

► Show Figures