Has Open Innovation Taken Root in India? Evidence from Startups Working in Food Value Chains
The Circular Economy and Sustainability Journal posted a study which noted that open innovation represents a paradigm shift in the technology development process in the New Millennium with potential positive implications for helping the food system in addressing grand challenges formalized through the Sustainable Development Goals. Though evidenced mainly in technology-intensive sectors of developed countries, several ‘erosion factors’ and their interplay catalyze open innovation in relatively traditional sectors of developing countries. The rise of startups with supplementary venture capital industry is hypothesized to play this role in the Indian food system. This paper examines this hypothesis by leveraging a large database of startups.
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