Authors: Ariane von Raesveld; Mark Jansen; Peter Geurts
ABSTRACT
In this paper we test the effect of resource heterogeneity, value chain complementarity, user
interaction, and structural stability among participants in nanotechnology R&D projects on
utilization and value creation performance of these projects. In the study we used business
network theory on innovation journeys to develop hypotheses. We used an enriched database
on utilization of technology research projects from the Dutch Technology Foundation STW.
To test our hypotheses we selected from the database 158 nanotechnology research projects,
which started in a five year period from 2001 to 2005. Project performance was measured five
years after completion of the project. Support is found for an inverted U shaped effect of the
interaction between stability of the relationship structure and industry heterogeneity among
participants on both utilization and value creation performance. Also we found support for an
inverted U shaped effect of the interaction between stability and respectively industry
heterogeneity and value chain complementarity among participants on value creation
performance. The framework introduced in this study allows an evaluation of the effects of
participant portfolios on Public R&D projects performance.
Keywords: Radical innovation, Nanotechnology, Path creation, Innovation journey, Resource
heterogeneity, structural stability.
Journal: ( – )
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Conference: Glasgow, Scotland (2011)