Does Open Innovation Accelerate Technology Transfer? First Empirical Evidence From A Multinational Firm

Author: Henry Lopez-Vega (ESADE BUSINESS SCHOOL), Jingshu Du (HASSELT UNIVERSITY), Wim Vanhaverbeke (HASSELT UNIVERSITY - VLERICK LEUVEN GENT MANAGEMENT SCHOOL - ESADE BUSINESS SCHOOL)

 

Track 15 - Collaborative networks and knowledge sharing in open innovation environments (2)

We explore how open innovation affects the productivity of R&D projects in a large company. More specifically, we examine how upstream and downstream collaboration with external partners shorten the timespan R&D projects need to be transferred to a business unit, and, once they are transferred to become a business success. Based on a large-scale database of a global manufacturing company, we find that collaboration with downstream partners, project management and allocated research time shortens the time to transfer projects from research labs to development units. Open innovation plays no role in shortening the time transfers need to generate revenues. This paper contributes to the open innovation literature by changing the level of analysis from the firm to the project level and by providing hard empirical evidence that collaboration with external partners affects the speed of intra-organizational technology transfers in large companies.

 

Keywords: Open Innovation, Innovation Speed, Technology Transfer