Adoption of Open Innovation approach for sustainable Business Incubation Process

Document type: Conference Papers
Peer reviewed: Yes
Author(s): Joshua Mutambi
Title: Adoption of Open Innovation approach for sustainable Business Incubation Process
Conference name: 10th Globelics International Conference
Year: 2012
City: Hangzhou, China
Organization: Blekinge Institute of Technology
Department: School of Planning and Media Design (Sektionen för planering och mediedesign)
School of Planning and Media Design S-371 79 Karlskrona
+46 455 38 50 00
http://www.bth.se/dsn/
Authors e-mail: jmutambi@yahoo.com
Language: English
Abstract: The paper traces the role of government policy support and entrepreneurship in economic development and technological innovations. Incubation programs in Sweden, Tanzania and Uganda with respect to partnerships, policies and strategies has been investigated. It further examines whether, and to what extent, open innovation is a relevant perspective in fostering innovation and entrepreneurship through incubators. It provides an overview of open innovation theory and explores the integral aspects into business incubation for purposes of sustainability.
Based on empirical examples, surveys and interviews with some incubator managers and staff, policy makers, and consultations from various agencies and experts in the subject area across the three cases, it confirms that openness and networks can enhance incubation processes. Adoption of open innovation approach into business incubation a conceptual base, from which external resources are faster utilized to enhance innovative activities, capabilities and entrepreneurship culture, can enhance growth and sustainability. The key learning points include need to develop more technological capability, focus on increasing education infrastructure; strengthening coordination and networks among the institutions and private sector.
Subject: Technoscience Studies\Innovation System and Development
Keywords: Business Incubator, Industrialization, Open Innovation, Entrepreneurship, Sustainability
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