When publications lead to products: The open science conundrum in new product development

Simcha Jong · Kremena Slavova

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Innovation and Knowledge Management Intellectual Property and Patents Firm Innovation and Growth

Abstract

This paper examines interdependencies between firms’ activities in the realms of open science and commercial product development. We present a theoretical framework that outlines when a firm’s involvement in academic communities enhances its innovative performance in terms of new products in development. We argue that the disclosure of more, valuable R&D work in quality scholarly publications and collaborations with academic partners positively affect firm innovation. We further hypothesize a differential effect of adopting open science strategies on the innovation type, being more pronounced for radical innovations than for incremental innovations. We empirically analyze a unique panel dataset containing information on the product innovation performance and R&D activities of 160 UK therapeutic biotechnology firms over the period 1998- 2009. Our results from count data models on the number of new products in development provide empirical support for our hypotheses.

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References

1990Absorptive Capacity: A New Perspective on Learning and Innovation 1991Exploration and Exploitation in Organizational Learning 1983An Evolutionary Theory of Economic Change.2003Open Innovation: The New Imperative for Creating and Profiting from Technology 1996Interorganizational Collaboration and the Locus of Innovation: Networks of Learning in Biotechnology 1986Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy 1993Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy 1968The Matthew Effect in Science

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