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How innovation intermediaries are shaping the technology market? An analysis of their business model

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  • Lopez, Henry
  • Vanhaverbeke, Wim

Abstract

In an era with abundant and widely distributed knowledge across the globe, technology markets became prominent. As technology transactions suffer from several market imperfections, a rapidly increasing number of various innovation intermediaries are facilitating these transactions. We analyse how a subset of these intermediaries create value in a two-sided market and how they can capture part of the value. A detailed analysis of the business model of 12 innovation intermediaries clarifies how these organizations improve the effectiveness of technology markets providing benefits for both sides of the market. We also look at managerial trade-offs between the use of intermediaries’ services and in-house innovation platforms.

Suggested Citation

  • Lopez, Henry & Vanhaverbeke, Wim, 2009. "How innovation intermediaries are shaping the technology market? An analysis of their business model," MPRA Paper 20458, University Library of Munich, Germany, revised 2010.
    • Handle: RePEc:pra:mprapa:20458
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    More about this item

    Keywords

    innovation intermediaries; open innovation; business model; two-sided markets;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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