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Capitalizing on Open Innovation 2.0

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The Experimental Nature of New Venture Creation

Part of the book series: Innovation, Technology, and Knowledge Management ((ITKM))

Abstract

New venture creation takes place within human–human and human–technology interactions. Experiencing interactions as they occur in the real life is in the nature of business creation. Open Innovation 2.0 (OI 2.0) is an emergent and powerful new paradigm for balancing hands-on experimentation with theoretical knowledge. In doing so, OI 2.0 provides the opportunities for elevating high ambition entrepreneurship through systemic changes, instead of piecemeal siloed reforms, in the experimentation process.

The more time I spent on open innovation, the more I realize it is more about mindset than a toolbox.

S. Balasubramanyam, Vice President, Peenya Industrial Association, Bangalore.

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Correspondence to Piero Formica .

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Curley, M., Formica, P. (2013). Capitalizing on Open Innovation 2.0. In: Curley, M., Formica, P. (eds) The Experimental Nature of New Venture Creation. Innovation, Technology, and Knowledge Management. Springer, Cham. https://doi.org/10.1007/978-3-319-00179-1_3

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