Introducing Research Loop to Achieve Open Innovation for Research Centers in Quintuple Helix

Abstract

Open Innovation has great significance and so far several definitions have been proposed, the most widely accepted definition referring to the correlation of Open Innovation with research organizations. Helix models have been proposed to analyze how collaborations work among key stakeholders and research centers and they were found to have a prominent part in all their iterations. This work presents the challenges that research organizations face in terms of interaction with other organizations, their operations (resources, funding issues), and how they determine the research directions to be followed, and analyzes how the adoption of Open Innovation practices can tackle these challenges and the effects it has. The Open Innovation practices of outsourcing and co-creation are mentioned, with the latter needing to be further developed and elaborated. We propose a novel process, called Research Loop, which aims and succeeds to provide Open Innovation for research organizations. It achieves to involve several different organizations, identify existing research gaps, and produce new knowledge. The proposed process includes the various advantages of applying Open Innovation to the analyzed research centers.