“…Institutions can influence the market by enabling or constraining innovations (Cajaiba-Santana, 2014). Examples of institutions are universities, public research centers, and public administration offices (Morrar, 2015). Enabling factors can be in the form of knowledge factors, such as intellectual property, technical competencies, and education, or financial factors, such as funding, providing incentives, and providing procedures to mitigate financial risks (Dubina et al, 2017;Maritz et al, 2014;Morrar, 2015;Somers & Stapleton, 2014;Tariq et al, 2017).…”