“…Suneel (2018) claimed that technology diffusion–oriented policies and weak industry-university linkages play a vital role in low-cost innovation from the standpoint of the industry-university research. At the empirical research level, Zhu and Chen (2014) , Zha et al, (2015) , Shi and Su (2018) , and Tang et al, (2022) investigated the creation of low-cost innovation from the viewpoints of innovation networks, learning from failures, knowledge management, intellectual capital, and resource bricolage. Clearly, the realization of low-cost innovation has become a significant issue in academic circles.…”