Value Creation and Commercialization in Insular Ecosystems

Value Creation and Commercialization in Insular Ecosystems

João Lopes (University of Beira Interior (UBI), Covilhã, Portugal & NECE – Research Unit in Business Sciences, Covilhã, Portugal), Luís Farinha (Polytechnic Institute of Castelo Branco (IPCB), Covilhã, Portugal & NECE – Research Unit in Business Sciences, Covilhã, Portugal) and João J. Ferreira (University of Beira Interior (UBI) Covilhã, Portugal & NECE – Research Unit in Business Sciences, Covilhã, Portugal)
DOI: 10.4018/IJSESD.2018070107

Abstract

This article aims to evaluate the resources and capabilities in insular regions, and also to understand how value creation and commercialization take place in the existing ecosystems. A qualitative research methodology was followed through a case study, incorporating interviews with incubators managers of the insular regions of Portugal (Azores and Madeira). The results show some difficulties as a result of the ecosystem's insularity. To shorten the insular regions dissymmetry compared to other non-insular regions, a new model is proposed to help these regions overcome their economic and social problems.
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2. Insular Innovation Ecosystems

The globalization of innovation networks is a recent trend that significantly influences local innovation clusters and regional innovation systems (Komninos, 2009). Social and economic relations intensified by linking remote regions (Giddens, 2013). These relationships were also beneficial in R&D and innovation, where the ability to coordinate networks and transactions in real time on a global scale was achieved (Castells, 2000).

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