Trust – a key factor

When a country lacks: good legislation frame, underdeveloped intelectual property protection and suboptimal business practices, getting trust becomes crucial for good collaboration. Every partner in innovation endeavour must have a good credibility, otherwise nobody will want to collaborate with him. Trust is a bridge that connects the gap made by lack of legislation and protection. […]

Intermediaries

The problem of SMEs lacking resources, infrastructure, legislative framework and trust in developing countries is, in most cases, tackled by organizing some sort of protective innovation hub. This hub is usually sponsored and run by some sort of intermediary body or agent, whether it be a government body or an independent one. This intermediary needs […]

Main obstacles to OI

Innovation and especially Open Innovation face additional obstacles when it comes to developing countries. First, SMEs in developing countries have very limited resources for research & development activities. Second, SMEs in developing countries usually have no knowledge or resources to establish and maintain network that is neccessary for open innovation. Trhird, developing countries often have […]