Creating Success from University Spin-outs
(BVCA, British Venture Capital Association)
The UK private equity and venture capital industry is by far the largest in Europe, accounting for some 52% of the whole market, and second only in size in the world to the US. The UK industry is invested in every sector of the
economy across all regions of the country. The BVCA (British Venture Capital Association) represents the overwhelming number of UK-based private equity and venture capital firms (VCs). This research has shown that there is evidence that university spin-outs are at a disadvantage to their corporate counterparts. The research also suggests that research or products spun out at a later stage – post market validation – have the best chance of success.
New ventures based on open innovation – an empirical analysis of start-up firms in embedded Linux
(M. Gruber & J. Henkel)
An important and intriguing aspect of e-entrepreneurship is the formation of new ventures in the domain of open source software (OSS). Previous research on these ventures has primarily looked at the design of business models, yet has neglected other key questions relating to the management of these firms, despite clear indications that some existing insights on venture management cannot be applied to new ventures in OSS. The purpose of this paper is to explore how three key challenges of venture management – the liabilities of newness and smallness of start-ups and market entry barriers – affect new ventures in OSS.
Partnering for the Future: The case of the METRO Group Future Store Initiative
(Tim Graczewski & Ard-Pieter de Man)
The METRO Group’s Future Store Initiative is a strategic initiative conceived in 2001 and launched in early 2003 that seeks to promote METRO’s corporate strategy of building a highly loyal and highly profitable customer base through a world class, technology service-focused customer experience. The Future Store’s success was dependent upon the active participation of over fifty partner companies from a range of industries (hardware, software, CPG, RFID, etc.).
Value, Valuation, and Valorisation
(D.G. Andriessen)
This paper explores the nature of value and valuation in the context of knowledge valorisation. It does not go into the mathematics and techniques of financial valuation but provides an overview of the underlying concepts of value and valuation. This deeper understanding of what value is and what the difficulties are in estimating it is necessary to be able to do valuation or to judge the results of a valuation.
Patent Management as an Integral Part of Strategizing: The Basics
(Rik van Reekum)
This paper provides background information to a course outline on ‘Strategic IP(R) management’. Together, they are the deliverables from a project under that name and were presented to the KViecongress on the 16th of December, 2005. The course outline is aimed at professionalizing managerial thinking and activity of inventive Small and Medium-sized Enterprises (SME) as well as that of Public Research Organizations (PRO) in patent-intensive sectors. That course outline is not presented here, but
the most basic concepts of strategic IP management are.
Nokia’s strategic change by means of alliance networks. A case of adopting the open innovation paradigm?
(Koen Dittrich)
In this paper, it is shown in which way Nokia used innovation networks to deal with a changing technological environment, namely the development of mobile telephony. Nokia used mainly international innovation networks in becoming a world leader in the mobile phone industry. This study is mainly theory-oriented in that it seeks to test and where possible refine theories on R&D collaboration strategies of large firms. The theoretical framework builds on the seminal work of March (1991) who distinguished exploration and exploitation for strategic change of large firms. The findings of this study can also help managers of other companies in the ICT industry to refine the collaboration strategies of their companies.
Open Innovation: Researching a New Paradigm
(Henry Chesbrough, Wim Vanhaverbeke & Joel West)
The upcoming sequel to Henry Chesbroughs “Open Innovation” will be released this summer and is called “Open Innovation: Researching a New Paradigm”, edited by Henry Chesbrough, Wim Vanhaverbeke & Joel West. The draft chapters can be downloaded here.
The Well-Designed Global R&D Network
(Thomas Goldbrunner, Yves Doz, Keeley Wilson, Steven Veldhoen)
A new study by Booz Allen Hamilton and INSEAD finds that organizations benefit when they configure their innovation networks for cost and manage them for value.
