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This study attempts to develop our understanding of the entrepreneurial ecosystem as a complex social system. Using in-depth interviews, we model the entrepreneurial ecosystems of two municipalities through a diverse network of entrepreneurs, investors, institutional leaders and staff. The two ecosystems were characterized and compared on a set of measures related to the level of connectivity between...
The purpose of this article is to study a widespread type of policy-led University Science Park in China and draw lessons for their future development. In recent years many University Science Parks sponsored by local governments have emerged in China, whose mission is to raise regional level of innovation and economic growth through promoting university-industry connections. We conduct an in-depth...
Can venture capital (VC) firms transform a weak innovation ecosystem into a productive and robust one? While the literature has found VC firms' catalyst role in innovation in developed markets, we know little about whether and how they affect innovation in an emerging market, where formal legal- and market institutions and networks of professional intermediaries for them to play a catalyst role are...
The Small Business Innovation Research program forms a key element of federal support of innovation and entrepreneurship. Historically this program has been valued on a cost basis and evaluated in terms of broader economic impact. Traditional discounted cash flow (DCF) techniques are inappropriate for projects with strongly skewed distributions of the probability of success; furthermore, the associated...
In the past decade, market pressures and decreasing U.S. federal budgets for science and technology have led to a fundamental change in expectations for corporate investments in innovation. The trend to significant, sustained corporate research collaboration with major academic centers has called for rethinking the balance between academic and corporate roles in these relationships. The Georgia Institute...
Knowledge mobility is more challenging in service innovation networks due to the nature of intangibility and co-development of service innovation. A central question is how to govern knowledge mobility for service innovation performance in such innovation networks. Given the inconsistent findings, more comprehensive research is needed to uncover the effects of contract-based and relation-based governance...
Despite the fact that one of the main goals of corporate venture capital (CVC) investments in high-tech industries is to gain a window on future technologies, the relationship between CVC investments and strategies used to acquire technologies in the markets, such as licensing, has not been adequately explored. To address this gap, we build on the real option literature suggesting that CVC investments...
Coopetition, defined as a strategy that involves simultaneously cooperating and competing between firms, has grown in importance over recent years (Bengtsson and Kock, 2014; Gnyawali and Park, 2011; Hong and Snell, 2015). Previous empirical studies show the benefits of technological co-petition (typically in markets with high levels of uncertainty and complexity) (Quintana-García and Benavides-Velasco,...
Science and technology (S&T) linkages have been studied extensively using patent and scientific publication databases. Existing methods used to track S&T linkages, such as analysis of non-patent literature (NPL) or author-inventor matching offer a narrow window for industry level analysis of the data. This paper examines the application of a machine learning algorithm, namely Latent Dirichlet...
Technology assessment and planning requires that we can reliably, but indirectly, measure knowledge embedded in the organization. Operationalizing knowledge embedded into companies is increasingly challenging but also more and more relevant in the current cross-disciplinary and complex technological environment. Existing approaches for operationalizing company knowledge are based on patent data and...
We report a novel enterprise-level technology management architecture led by the Office of Director of National Intelligence to empower the U.S. Intelligence Community (IC) and its partners to more effectively inform technology investment decisions by ensuring that the IC and the private sector are sharing information on intelligence-related research efforts. This framework not only provides our academic...
Although university startup companies are expected to be a source of innovation around the world, economic effects of university startups have not been investigated thoroughly, especially outside of the United States. As described in this paper, we analyzed the characteristics and economic effects of companies started at The University of Tokyo, a world-recognized research university. Results show...
China's local governments at different levels dominate the construction of sci-tech industrial parks, with a view to achieving clustered development of hi-tech industries through the construction of innovation network. However, plenty of research conclusions show that, viewed the situation as a whole, the construction activity does not bring positive externality of industries, economies of scale and...
Due to the huge globally emerging market of the bright green buildings, this paper aims to develop a business-ecosystem driven market analysis approach for the investigation of the bright green building market. This paper develops a five-steps business-ecosystem driven market analysis (definition of the business domain, stakeholder listing, integration of the value chain, relationship mapping, and...
While business model innovation as driver of success is well established, limited research has been conducted on how companies can systematically innovate their business models. Against this background this paper consolidates the state of both academic and practitioner-oriented literature on business model innovation. Based on a systematic review of literature published over the past 19 years, we...
How do firms leverage existing innovation for the next round of innovation? We develop a novel concept of generative capability in product innovation to address this question. As a high-level organizational routine, generative capability applies the mechanisms of iteration and rapid knowledge integration to guide ordinary innovation activities. Based on panel data from 2001 to 2009 of 56,333 firm-year...
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