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A measurement instrument for open innovation value co-creation in ICT start-ups: an emerging economic perspective

Author

Listed:
  • N.P. Samarasinghe
  • T.C. Sandanayake
  • G.D. Samarasinghe

Abstract

Open innovation has emerged as a crucial driver of startup growth and competitiveness in the ICT sector. However, measuring the effectiveness of open innovation value co-creation remains a challenge due to the dearth of studies, particularly in the context of Sri Lankan ICT startups. This paper aims to address this gap by developing a quantitative measurement instrument for open innovation value co-creation. The study explores the key dimensions of open innovation value co-creation and identifies relevant measures that can capture the performance of Sri Lankan ICT startups. The measurement instrument is based on a review of priori-based literature as well as empirical data collected from a representative sample. Exploratory factor analysis and confirmatory factor analysis were used on primary data collected from ICT startups. The developed measure was tested for reliability and validity and it consisted of two main dimensions, four sub-dimensions and 13 indicators.

Suggested Citation

  • N.P. Samarasinghe & T.C. Sandanayake & G.D. Samarasinghe, 2024. "A measurement instrument for open innovation value co-creation in ICT start-ups: an emerging economic perspective," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 36(3), pages 294-310.
    • Handle: RePEc:ids:ijilea:v:36:y:2024:i:3:p:294-310
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