 Local Open Innovation: A means for public policy to increase collaboration for innovation in SMEsAnja Leckel, Sophie Veilleux and Leo Dana Technological Forecasting and Social Change, 2020, vol. 153, issue C Abstract: Our study focuses on how public policy can effectively increase collaboration for innovation among firms, entrepreneurs, research institutions and the public sector in a way that is easily accessible and beneficial for SMEs. In recommending Local Open Innovation (LOI), this paper helps to shape regional innovation policies by strengthening regional networks to efficiently facilitate collaborative innovation. Considering cognitive barriers and constrained resources and capabilities for applying open innovation (OI) in SMEs with unrestricted scope, a local approach offers advantages to facilitating OI. In light of our findings, we present the impact of such a policy mechanism on the adoption of OI, the unique combination of features of the LOI process, and how they affect collaboration. We also present the respective stakeholder relations, barriers preventing SMEs from engaging in OI and potential remedies LOI offers to overcome these barriers. We conclude with varieties of LOI for strengthening regional development in different contexts. Keywords: Open Innovation; Collaboration; Public policy; SMEs (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:153:y:2020:i:c:s0040162518315403 DOI: 10.1016/j.techfore.2019.119891 Access Statistics for this article Technological Forecasting and Social Change is currently edited by Fred Phillips More articles in Technological Forecasting and Social Change from Elsevier |
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