Open innovation in Russian firms: an empirical investigation of technology commercialisation and acquisition

Daria Podmetina, Juha Vaatanen, Marko T. Torkkeli and Maria Smirnova ()

International Journal of Business Innovation and Research, 2011, vol. 5, issue 3, 298-317

Abstract: The open innovation paradigm suggests that while the costs of innovation and R&D are rising and, at the same time, the life cycles of products are shortening, firms need new and more open business models (BMs) to gain cost and time saving by using also external R&D and to receive new revenues from internal invention sitting on a shelf by external commercialisation channels. Based on study of R&D oriented Russian companies (survey of over 150 companies, 2008), we investigate BMs companies are applying when trade on technology/innovation. Innovations are developing fast in Russia. This paper aims to classify companies based on their strategies in acquisition and commercialisation of technologies; form and analyse the clusters. Based on the previous survey and the current study, we develop a model, how Russian companies explore for knowledge/innovation/technology circulation.

Keywords: open innovation; Russia; investments; transition economies; technology commercialisation; technology acquisition; costs; product life cycles; business models; new revenues; internal inventions; external commercialisation; knowledge circulation; technology circulation; Russian Federation; business innovation; R&D; research and development. (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbire:v:5:y:2011:i:3:p:298-317

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