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Responsible innovators: open networks on the way to sustainability transitions
This paper elucidates ways in which small high-technology companies through using open knowledge networks may contribute to sustainability transitions. The analysis focuses on young university spin-off companies as an important channel for bringing responsible innovations from university to market w...
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Published in: | Technological forecasting & social change 2014-09, Vol.87, p.28-40 |
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Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | This paper elucidates ways in which small high-technology companies through using open knowledge networks may contribute to sustainability transitions. The analysis focuses on young university spin-off companies as an important channel for bringing responsible innovations from university to market while it connects the micro-level with the meso-level of networks supporting socio-technical system changes. A conceptual reflection on responsible innovation, openness in knowledge networks and socio-technical systems’ transitions, is followed by an empirical research. Based on a hundred companies and four case studies, the results indicate that responsible innovation is one of the drivers of openness in knowledge networks. However, partner diversity in openness tends to have a negative effect on growth of the companies. Our preliminary evidence indicates that focus (product–market) and selectivity in the choice of partners connected to professional (venture) capital, market access, credibility and complementary assets are highly relevant when it comes to influencing change in socio-technical systems. A discussion of the implications of this study and suggestions for future research close the paper.
•We conceptualize responsible innovation and system changes in sustainability.•We link company behaviour to networks.•A limited diversity in partners is important.•A minimum diversity gives access to venture capital, the market, and connects with actors creating a niche. |
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ISSN: | 0040-1625 1873-5509 |
DOI: | 10.1016/j.techfore.2014.06.001 |