The importance for a start-up to trust in open innovation: A systematic literature review

Katia Mastrostefano, Gustavo Morales-Alonso, Marco Greco, Michele Grimaldi and Jose Antonio Blanco-Serrano

Economics and Business Letters, 2020, vol. 9, issue 4, 289-297

Abstract: It has long been known that new firms are fundamental for economic growth. Starting new companies is one of the best ways to fight unemployment and to generate well-being. Therefore, attention is paid by the scientific community to start-ups, with particular empha-sis at how they generate, acquire and manage innovation. Initially, start-ups need to identify the resources necessary for innovation and later they will decide whether to develop them internally or acquire them externally. Being open to external sources is a crucial point for the success of new ventures; indeed, adopting Open Innovation processes allows start-ups to overcome their initial shortcomings. The goal of this research is to understand the literature status related to Open Innovation adoption by start-ups.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ove:journl:aid:14287

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