Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups
ABSTRACT: Business incubators ensure networking and facilitate Open Innovation (OI) collaborations both inside the incubator among entrepreneurs and outside with external stakeholders. Recently, the sustainability and the promotion of environment-friendly businesses has become an important focus for...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-09-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853122007636 |
| _version_ | 1797391827585728512 |
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| author | Iveta Cirule Inga Uvarova |
| author_facet | Iveta Cirule Inga Uvarova |
| author_sort | Iveta Cirule |
| collection | DOAJ |
| description | ABSTRACT: Business incubators ensure networking and facilitate Open Innovation (OI) collaborations both inside the incubator among entrepreneurs and outside with external stakeholders. Recently, the sustainability and the promotion of environment-friendly businesses has become an important focus for the business incubators. Sustainability-oriented business incubation is a relatively new and emerging topic both for scholars and BI practitioners. This paper aims to explore the theoretical groundings for the business incubation perspectives in facilitating sustainable value creation through OI approaches and to test research instruments exploring determinants of the technology-driven sustainable value creation in incubated start-ups in Latvia. Through the pilot survey, this study will also increase the awareness on the importance of the OI and the creation of sustainable value, and provides the preliminary results to be considered by scholars and practitioners. Results show that climate change, as a planetary boundary, positively stimulates incubated start-ups to improve their technology-driven sustainable value creation. However, sustainability ambition, if negatively influenced by the incubator location, negatively affects the technology-driven sustainable value creation. These results on the sustainability scale within the business incubation of start-ups contribute to the new theoretical concepts, related to integration of the sustainability issues and OI practices within business incubation. |
| first_indexed | 2024-03-08T23:38:20Z |
| format | Article |
| id | doaj.art-033e7e21f4324cd69e4b78f291f613a7 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:38:20Z |
| publishDate | 2022-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-033e7e21f4324cd69e4b78f291f613a72023-12-14T05:21:31ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-09-0183162Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-UpsIveta Cirule0Inga Uvarova1Management Department, BIORGANIK5 Ltd., Latvia 1, Veca Bikernieku Street 9-16, LV-1079 Riga, Latvia; Correspondence: (I.C.); (I.U.); Tel.: +371-29-189-748 (I.C.)Management Department, BA School of Business and Finance, K. Valdemara Street 161, LV-1013 Riga, Latvia; Study and Research Centre, ArtSmart Ltd., Vidrižu Street 1c-29, LV-1006 Riga, Latvia; Correspondence: (I.C.); (I.U.); Tel.: +371-29-189-748 (I.C.)ABSTRACT: Business incubators ensure networking and facilitate Open Innovation (OI) collaborations both inside the incubator among entrepreneurs and outside with external stakeholders. Recently, the sustainability and the promotion of environment-friendly businesses has become an important focus for the business incubators. Sustainability-oriented business incubation is a relatively new and emerging topic both for scholars and BI practitioners. This paper aims to explore the theoretical groundings for the business incubation perspectives in facilitating sustainable value creation through OI approaches and to test research instruments exploring determinants of the technology-driven sustainable value creation in incubated start-ups in Latvia. Through the pilot survey, this study will also increase the awareness on the importance of the OI and the creation of sustainable value, and provides the preliminary results to be considered by scholars and practitioners. Results show that climate change, as a planetary boundary, positively stimulates incubated start-ups to improve their technology-driven sustainable value creation. However, sustainability ambition, if negatively influenced by the incubator location, negatively affects the technology-driven sustainable value creation. These results on the sustainability scale within the business incubation of start-ups contribute to the new theoretical concepts, related to integration of the sustainability issues and OI practices within business incubation.http://www.sciencedirect.com/science/article/pii/S2199853122007636technology-driven sustainable value creationincubated start-upsLatviasustainable strategysustainable ambitionplanetary boundaries |
| spellingShingle | Iveta Cirule Inga Uvarova Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups Journal of Open Innovation: Technology, Market and Complexity technology-driven sustainable value creation incubated start-ups Latvia sustainable strategy sustainable ambition planetary boundaries |
| title | Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups |
| title_full | Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups |
| title_fullStr | Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups |
| title_full_unstemmed | Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups |
| title_short | Open Innovation and Determinants of Technology-Driven Sustainable Value Creation in Incubated Start-Ups |
| title_sort | open innovation and determinants of technology driven sustainable value creation in incubated start ups |
| topic | technology-driven sustainable value creation incubated start-ups Latvia sustainable strategy sustainable ambition planetary boundaries |
| url | http://www.sciencedirect.com/science/article/pii/S2199853122007636 |
| work_keys_str_mv | AT ivetacirule openinnovationanddeterminantsoftechnologydrivensustainablevaluecreationinincubatedstartups AT ingauvarova openinnovationanddeterminantsoftechnologydrivensustainablevaluecreationinincubatedstartups |