The genesis of public-private innovation ecosystems: Bias and challenges

The emergence of technology increasingly depends on innovation ecosystems and frequently involves actors from both industry and academia. However, value creation may experience challenges due to bias formed during public-private innovation ecosystem genesis. This empirical study of bias in a new pan-European public-private initiative provides results regarding innovation ecosystems and the individuals typically active during their genesis: value creation is biased towards the selection of incumbent firms and complement challenges, and participation is biased towards engineers with knowledge of exploitation from multiple domains and researchers with knowledge of exploitation from single domains. This suggests that the implications of the loose coupling emphasised by the innovation ecosystems discourse and the knowledge of the different contexts in which firms capture value are more complex than previously acknowledged. The practical implications are that the ability of public innovation ecosystem leadership to act early on novel technology might be offset by the inability of involved firms to commit to bringing the technology to market and that individuals typically active during public-private innovation ecosystems genesis are not ideal for handling this challenge. In fact, increasingly connected public leadership could smother the innovation ecosystem unless well-connected and multidisciplinary researchers are brought in as brokers.

Automated summary

The development of technology relies heavily on innovation ecosystems involving both industry and academia, but biases may hinder value creation during the genesis of public-private innovation ecosystems. Research findings suggest a bias towards selecting incumbent firms for value creation and towards engineers and researchers with specific knowledge domains for participation. The implications include challenges for public innovation ecosystem leadership in bringing novel technology to market and the need for well-connected and multidisciplinary researchers as brokers to avoid stifling the innovation ecosystem.