Title: A measurement instrument for open innovation value co-creation in ICT start-ups: an emerging economic perspective

Authors: N.P. Samarasinghe; T.C. Sandanayake; G.D. Samarasinghe

Addresses: Faculty of Information Technology, University of Moratuwa, Katubedda, Sri Lanka; Uva Wellassa University, Passara Road, Badulla, Sri Lanka ' Faculty of Information Technology, University of Moratuwa, Katubedda, Sri Lanka ' Faculty of Business, University of Moratuwa, Katubedda, Sri Lanka

Abstract: Open innovation has emerged as a crucial driver of startup growth and competitiveness in the ICT sector. However, measuring the effectiveness of open innovation value co-creation remains a challenge due to the dearth of studies, particularly in the context of Sri Lankan ICT startups. This paper aims to address this gap by developing a quantitative measurement instrument for open innovation value co-creation. The study explores the key dimensions of open innovation value co-creation and identifies relevant measures that can capture the performance of Sri Lankan ICT startups. The measurement instrument is based on a review of priori-based literature as well as empirical data collected from a representative sample. Exploratory factor analysis and confirmatory factor analysis were used on primary data collected from ICT startups. The developed measure was tested for reliability and validity and it consisted of two main dimensions, four sub-dimensions and 13 indicators.

Keywords: open innovation; value creation; value capture; ICT startups; value co-creation; quantitative measurement instrument; emerging markets.

DOI: 10.1504/IJIL.2024.140869

International Journal of Innovation and Learning, 2024 Vol.36 No.3, pp.294 - 310

Received: 17 Jul 2023
Accepted: 02 Oct 2023
Published online: 03 Sep 2024 *

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