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The importance for a start-up to trust in open innovation: A systematic literature review

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  • Katia Mastrostefano
  • Gustavo Morales-Alonso
  • Marco Greco
  • Michele Grimaldi
  • Jose Antonio Blanco-Serrano

Abstract

It has long been known that new firms are fundamental for economic growth. Starting new companies is one of the best ways to fight unemployment and to generate well-being. Therefore, attention is paid by the scientific community to start-ups, with particular empha-sis at how they generate, acquire and manage innovation. Initially, start-ups need to identify the resources necessary for innovation and later they will decide whether to develop them internally or acquire them externally. Being open to external sources is a crucial point for the success of new ventures; indeed, adopting Open Innovation processes allows start-ups to overcome their initial shortcomings. The goal of this research is to understand the literature status related to Open Innovation adoption by start-ups.

Suggested Citation

  • Katia Mastrostefano & Gustavo Morales-Alonso & Marco Greco & Michele Grimaldi & Jose Antonio Blanco-Serrano, 2020. "The importance for a start-up to trust in open innovation: A systematic literature review," Economics and Business Letters, Oviedo University Press, vol. 9(4), pages 289-297.
    • Handle: RePEc:ove:journl:aid:14287
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/14287
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