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Addressing societal challenges through the simultaneous generation of social and business values: A conceptual framework for science-based co-creation

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  • De Silva, Muthu
  • Gokhberg, Leonid
  • Meissner, Dirk
  • Russo, Margherita

Abstract

The paper focuses on a key uniqueness of the simultaneous generation of social and business value - across science, technology and society - involving academics, businesses, policy makers, innovation intermediaries, NGOs and citizens that share and integrate assets in developing solutions to address economic and societal challenges.

Suggested Citation

  • De Silva, Muthu & Gokhberg, Leonid & Meissner, Dirk & Russo, Margherita, 2021. "Addressing societal challenges through the simultaneous generation of social and business values: A conceptual framework for science-based co-creation," Technovation, Elsevier, vol. 104(C).
    • Handle: RePEc:eee:techno:v:104:y:2021:i:c:s0166497221000493
    DOI: 10.1016/j.technovation.2021.102268
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    References listed on IDEAS

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    1. Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February.
    2. Hagedoorn, John & Link, Albert N. & Vonortas, Nicholas S., 2000. "Research partnerships1," Research Policy, Elsevier, vol. 29(4-5), pages 567-586, April.
    3. Siri Brorstad Borlaug & Siri Aanstad, 2018. "The Knowledge Triangle in the Healthcare Sector — The Case of Three Medical Faculties in Norway," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(1), pages 68-75.
    4. Paul Trott & Dap Hartmann, 2009. "Why 'Open Innovation' Is Old Wine In New Bottles," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 13(04), pages 715-736.
    5. Bronwyn H. Hall & Albert N. Link & John T. Scott, 2003. "Universities as Research Partners," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 485-491, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Appio, Francesco Paolo & Capo, Francesca & Annosi, Maria Carmela, 2024. "Not all (innovation) failures are created equal: A typology of companies’ responses to the consequences of innovation failure," Technovation, Elsevier, vol. 130(C).
    2. Meissner, Dirk & Zhou, Yuan & Fischer, Bruno & Vonortas, Nicholas, 2022. "A multilayered perspective on entrepreneurial universities: looking into the dynamics of joint university-industry labs," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    3. Dipan Kumar Sahu & Sucheta Pawar & Prerna Gaur & Sudhir K. Jain, 2023. "Entrepreneurial Engagement of Faculty in Higher Educational Institutions: A Review of Literature 2011–2023," Paradigm, , vol. 27(2), pages 153-171, December.
    4. Jang, Hyejin & Lee, Suyeong & Yoon, Byungun, 2023. "Data-driven techno-socio co-evolution analysis based on a topic model and a hidden Markov model," Technovation, Elsevier, vol. 126(C).
    5. Roncancio-Marin, Jason & Dentchev, Nikolay & Guerrero, Maribel & Díaz-González, Abel & Crispeels, Thomas, 2022. "University-Industry joint undertakings with high societal impact: A micro-processes approach," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Del Giudice, Manlio & Scuotto, Veronica & Papa, Armando & Singh, Sanjay Kumar, 2023. "The ‘bright’ side of innovation management for international new ventures," Technovation, Elsevier, vol. 125(C).
    7. Wu, Linfei & Sun, Liwen & Chang, Qing & Zhang, Die & Qi, Peixiao, 2022. "How do digitalization capabilities enable open innovation in manufacturing enterprises? A multiple case study based on resource integration perspective," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    8. Leonid Gokhberg & Dirk Meissner & Ilya Kuzminov, 2023. "What semantic analysis can tell us about long term trends in the global STI policy agenda," The Journal of Technology Transfer, Springer, vol. 48(6), pages 2249-2277, December.
    9. De Silva, Muthu & Al-Tabbaa, Omar & Pinto, Jonathan, 2023. "Academics engaging in knowledge transfer and co-creation: Push causation and pull effectuation?," Research Policy, Elsevier, vol. 52(2).

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    More about this item

    Keywords

    R&D collaboration; Industry-science linkages; Triple helix; Knowledge triangle co-creation; Social values; Open innovation;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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