Open innovation in the public sector: Resources and performance of research-based spin-offs

Abstract

Purpose

The purpose of this paper is to verify and improve the framework assessing the evolution and importance of the technological, human, social and financial resources of an Indian research-based spin-off (RBSO) throughout its four stages of development by Vohora et al. (2004).

Design/methodology/approach

The open innovation (OI) phenomenon is spreading among public organizations. One of the OI practices used by the public research centers to market their technologies is to set up new business entities called RBSOs. Many studies have focused on spin-offs but there are still some gaps. To overcome the existing limitations, the authors built a framework which they tested on three previous case studies.

Findings

The results obtained show how a parent organization and its incubator can play fundamental roles in creating and developing a successful RBSO. This is done by supplying managerial staff and providing access to skills, funds and other material and immaterial resources.

Research limitations/implications

The limitations of this study are related to the sectoral and geopolitical factors of the single case analyzed. For this reason, the observations that emerge should be supported by other empirical analyses.

Originality/value

The findings of this study can offer a better understanding of the spin-off life to managers, researchers, public organizations and government agencies. They can learn how to improve policies and practices of technology transfer and strengthen the national industrial system.

Citation

Venturini, K. and Verbano, C. (2017), "Open innovation in the public sector: Resources and performance of research-based spin-offs", Business Process Management Journal, Vol. 23 No. 6, pp. 1337-1358. https://doi.org/10.1108/BPMJ-10-2016-0208