Relational Drivers of Open Innovation Alliances in Biochemistry

Emiel F. M. Wubben, Andre Meijeren and Vincent Blok

Chapter Chapter 4 in Open Innovation through Strategic Alliances, 2014, pp 59-84 from Palgrave Macmillan

Abstract: Abstract This chapter focuses on relational drivers of open innovation regarding biomass-related strategic alliances in the emerging field of biochemistry. Around the world, significant steps are being taken to move from today’s fossil-based economies to more sustainable economies based on biomass (De Jong and Jorgensen, 2012), driven by a growing need to address major societal challenges, such as climate change, energy security, and resource scarcity, and the desire to profit from economic growth opportunities (Odegard, Croezen, and Bergsma, 2012; Sanders, Langeveld, and Meeusen, 2010). This process is called biomass valorization (Wubben, Runge, and Blok, 2012), which means creating value from biomass by making it available for economic purposes via innovative products and/or processes. Biomass includes materials from crops growing on land or sea and residues from forestry, agriculture, the food industry, and other industrial sectors (Koppejan et al., 2009). Bio-based products are already used in construction and insulation, packaging, and automotive and consumer goods. An analysis of the European market for wholly or partly biomass-based products in 2005 indicates 780 bio-based product categories, representing a joint production value of 450 billion euros (Nowicki et al., 2008). Biomass may be used for nonfood applications, such as materials, chemicals, transport fuels, and energy (Annevelink and Harmsen, 2010). Europe’s potential market size of bio-based (parts of) products is already calculated to rise up to roughly 315 billion euros per annum (Nowicki et al., 2008).

Keywords: Social Capital; Open Innovation; Strategic Alliance; Joint Project; Innovation Strategy (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39450-7_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137394507

DOI: 10.1057/9781137394507_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().