Adoption of Open Innovation by Small Firms to Develop Frugal Innovations for Inclusive Development

Mokter Hossain

Chapter 4 in Researching Open Innovation in SMEs, 2018, pp 115-135 from World Scientific Publishing Co. Pte. Ltd.

Abstract: People at the grassroots level have been developing a growing number of frugal innovations (FIs). Many of them do not have formal education and access to science and technologies. FIs are playing important roles for inclusive development. Open innovation (OI) has been studied in the context of large firms, small and medium-sized firms, or high-tech industries. However, OI has not been explored in the context of FIs. In this chapter, I explore the role of OI in three FI cases that emerged in rural India. I also explore the role of these cases for inclusive development. The chapter enhances our knowledge about OI and expands the scope of OI to new application areas. I find that small firms that develop FIs at the grassroots level need more support in the development stage than in the commercialization stage. They need extensive engagement in OI activities, such as networking, collaboration with different partners, and scouting. FIs play a significant role in inclusive development.

Keywords: Open Innovation; SME; Entrepreneur; Innovation Ecosystem; Licensing; Ip; Collaboration; Market Partner; Partnerships; Innovation Management; Business Model (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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