Open Innovation and International Entrepreneurship Ecosystem

Deepika Gupta ()
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Deepika Gupta: Indian Institute of Management, Visakhapatnam

Chapter Chapter 2 in Global Trends in Technology Startup Project Development and Management, 2023, pp 17-36 from Springer

Abstract: Abstract The international entrepreneurial ecosystem adopts the roles of nations or triple helix (university-industry-government) at its central force in the ecosystem. These build and encourage innovation, especially open innovation that in turn infuses technology transfer and enhances absorptive capacity of the firms. This chapter provides a critical review and expands the understanding of the concepts of open innovation model and the international entrepreneurial ecosystem leading to community benefits globally. The international entrepreneurial ecosystem should interweave itself with every nation’s legal framework to foster open innovation move beyond geographical boundaries. These two domains interact and integrate with each other to create products and services for economic growth and development. The chapter looks at the differences, relationships, and interactions of these concepts. However, these interactions should be viewed with cautious trade-offs given the growing challenges of pandemics, climate changes, and other grand challenges to the world.

Keywords: Open innovation; Entrepreneurial ecosystem; Technology transfer; Absorptive capacity; Knowledge base (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-031-40324-8_2

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DOI: 10.1007/978-3-031-40324-8_2

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