Geography, Open Innovation and Entrepreneurship
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Geography, Open Innovation and Entrepreneurship

Edited by Urban Gråsjö, Charlie Karlsson and Iréne Bernhard

Developed countries must be incredibly innovative to secure incomes and welfare so that they may successfully compete against international rivals. This book focuses on two specific but interrelated aspects of innovation by incumbent firms and entrepreneurs, the role of geography and of open innovation.
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Chapter 6: Are the most innovative Canadian nanotechnology-related firms also the most open?

Mikaël Héroux-Vaillancourt and Catherine Beaudry

Abstract

In this study, we validate whether the importance of open innovation activities is related to the innovation performance of Canadian nanotechnology firms. The study used a questionnaire-based survey, answered by 89 firms, to measure key innovation metrics. We used the number of innovations and the quality of the latest innovation as performance indicators to verify if the importance of open innovation affects positively innovation performance. More specifically, we used OLS regressions to determine if the importance of inbound activities, outbound activities, open innovation in general and the use of online open innovation platforms is related to the firms’ innovation performance. Our most interesting results show that the companies with the highest number of innovations have given some importance to outbound open innovation. Furthermore, with the quality of the latest innovation, we found significant inverted U-shaped relationships with the importance given to inbound open innovation and open innovation in general.

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