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Openness and Continuous Collaboration as the Foundation for Entrepreneurial Discovery Process in Finnish Regions

Mona Roman () and Timo Nyberg ()
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Mona Roman: Aalto University
Timo Nyberg: Aalto University

Management Dynamics in the Knowledge Economy Journal, 2017, vol. 5, issue 4, 517-531

Abstract: Entrepreneurial discovery process (EDP) is a bottom-up process engaging regional actors from academic, business, government and civil society together to identify new market opportunities and overcome the potential barriers to innovation. While EDP forms the key principle behind the smart specialization policy of European Commission, its operationalization has remained a challenge. We adopted a grounded theory approach to explore the dynamics of EDP through a case study in Finnish regions. Our aim is to identify the key underlying factors of EDP. Based on the semi-structured interviews with 10 Finnish regions during September 2016, we identified openness, engaging, focused networking and continuous collaboration as the key factors underlying EDP. Our findings contribute to the theoretical debate on what constitutes EDP in the context of smart specialization. We also provide examples for policymakers how to implement these factors based on our case study.

Keywords: collaborative innovation; entrepreneurial discovery process; innovation policy; regional innovation system; smart specialization. (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:nup:jrmdke:v:5:y:2017:i:4:517-531