Open Innovation as a Driver of Economic Development in Emerging Markets
RIIS will be presenting a paper at the XIII Triple Helix International Conference 2015 held from 21-23 August 2015 in Beijing, China titled Academic – Industry – Government Triple Helix Model for Fast-Developing Countries.
In the research paper that will be presented, two Triple Helix Projects are analysed in terms of their economic impact with a specific focus on the open innovation within them.
The first of these is a collaboration between multiple government entities, academic institutions and an industry partner with the goal of economic development in Southern Africa. A web-based open innovation broadcast platform was used to source and disseminate technology throughout the region. This collaboration spanned several countries including South Africa, Namibia, Mozambique and Zambia and was analysed in terms of its macro-economic impact.
The second triple helix collaboration is smaller than the first, consisting of a single industry-university-government coupling. The aim of the collaboration is to develop the necessary tools for the effective management of open innovation in Southern Africa. The bulk of the collaboration outcome is localised within the boundaries of the industry partner. This partnership is analysed from the perspective of the micro-economic impact of open innovation, through triple helix collaboration, on small firms.
The two triple helix collaborations are analysed by assessing five possible ways they could potentially contribution to economic growth. These five methods of economic growth contribution are:
a. The creation of social capital through network expansion;
b. Increased firm resilience;
c. Fostering of human capital through knowledge transfer;
d. Improved competitive advantage through knowledge and technology absorption; and
e. Multi-factor growth through NSI collaborations.
It is concluded that Open Innovation contributes to economic growth through all of the above stated avenues, but to varying degrees. The configuration and specific aims of a Triple Helix configuration shape the effect it has on organisations. Small firms with limited absorptive capacity draw little value from intermediated technology transfers; larger firms, with a greater absorptive capacity and available finances, can use it as an effective means to absorb external technology and so expand their competitive edge. The negating factors for small firms to capture value from direct technology transfer is a lack of technology awareness, lack of skills to utilise a more advanced technology and a most notably a lack of financial resources.
The full paper will be published here once delivered.
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