‘Ready for Take‐Off’: How Open Innovation Influences Startup Success

13 Pages Posted: 21 Nov 2018

See all articles by Cristina Marullo

Cristina Marullo

Scuola Superiore Sant'Anna di Pisa

Elena Casprini

Scuola Superiore Sant'Anna di Pisa

Alberto Di Minin

Istituto di Management - Scuola Superiore Sant'Anna; BRIE - University of California, Berkeley

Andrea Piccaluga

MAIN Lab - Scuola Superiore Sant'Anna

Date Written: December 2018

Abstract

The formation of new ventures is among the most significant sources of technological innovation and fast economic development. Nonetheless, most attempts at starting new businesses will be unsuccessful. This study seeks to predict new venture success (‘Take‐off’) based on different factors observed in the pre‐startup phase. We apply the resource‐based view of the firm (RBV) to develop a framework synthesizing the entrepreneurship and Open Innovation (OI) literatures on new venture creation. We then assess the influence of three categories of internal resources (finance, technology, human capital) and introduce the concept of teams' ‘openness’ in the founding process as a crucial organizational capital resource shaping startup success. Drawing on a sample of 134 business plans submitted to the final round of the INTEL Global Challenge at UC Berkeley, we significantly associate ‘Take‐off’ to each category of resources. To the best of our knowledge, this is the first study to emphasize the relevance of teams' ability to combine and transform their initial resources through the pursuit of OI (i.e., the elaboration of organizational capital resources) in explaining startup success. Our analysis extends RBV‐based research on nascent entrepreneurship and suggests new fields of research into OI.

Suggested Citation

Marullo, Cristina and Casprini, Elena and Di Minin, Alberto and Piccaluga, Andrea, ‘Ready for Take‐Off’: How Open Innovation Influences Startup Success (December 2018). Creativity and Innovation Management, Vol. 27, Issue 4, pp. 476-488, 2018. Available at SSRN: https://ssrn.com/abstract=3288713 or http://dx.doi.org/10.1111/caim.12272

Cristina Marullo (Contact Author)

Scuola Superiore Sant'Anna di Pisa ( email )

Biblioteca Scuola Superiore Sant'Anna
Piazza Martiri della Liberta, n. 33
Pisa, 56127
Italy

Elena Casprini

Scuola Superiore Sant'Anna di Pisa ( email )

Biblioteca Scuola Superiore Sant'Anna
Piazza Martiri della Liberta, n. 33
Pisa, 56127
Italy

Alberto Di Minin

Istituto di Management - Scuola Superiore Sant'Anna ( email )

Piazza Martiri della Liberta 33
MaIn Lab
Pisa, PI 56127
Italy

HOME PAGE: http://www.diminin.it

BRIE - University of California, Berkeley ( email )

2234 Piedmont Ave
Berkeley, CA 94720
United States

Andrea Piccaluga

MAIN Lab - Scuola Superiore Sant'Anna ( email )

Piazza Martiri della Libertà 24
Pisa, 56127
Italy
+39 050 883719 (Phone)
+39 050 883839 (Fax)

HOME PAGE: http://www.sssup.it

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