Oi rp 2 web pdf

private venture capital
makes it easier to create start-ups, increasing 
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related liability by opening up their innovation process and partnering, particularly during the 
commercialization stage (Enkel 
et al.
2010). Evidence indicates that one factor in the success 
of the “born globals”, a class of SMEs that are quickly active on the international stage, is 
their ability to leverage their intellectual assets in order to engage in successful collaborations 
(Enkel 
et al.
2010). 
The value of collaboration 
Collaborative R&D may be particularly well suited to the current globalized, interconnected 
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that engage in open innovation:
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 Shorter time to market with less costs and risk. 
Obtaining complementary skills and 
technology from external sources dispenses the need to invent all inputs, thereby reducing 
costs and risks associated with product development (Huizingh 2010; Wallin & Van Krogh 2010). 
Especially if they work with start-ups, which must innovate – and quickly – in order to survive, 
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 More innovations over the long term. 
Across industry sectors
,
early integration of suppliers 
into the innovation process has been found to considerably enhance innovation performance 
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possess can stimulate the development of new, better products and services. In fact, a survey 
of OECD countries found that suppliers and customers are the most sought-after open 
innovation partners (OECD 2008).
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