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Open Innovation Essentials for Small and Medium Enterprises by Daniel Satinsky, Phyllis Speser, Adriano La Vopa, Luca Escoffier

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Chapter 5

Emergence of the SME as a Source of Market-Ready Technologies

Daniel Satinsky, JD, MALD

Introduction

In the evolving open innovation technology market, savvy entrepreneurs are using an emerging model for developing new technologies that is particularly suited to small and medium enterprises (SMEs). Every entrepreneur knows something about using a start-up or spinout vehicle for realizing his or her dreams of technological and financial success. However, those dreams meet unexpected obstacles with very long business development timelines. In this chapter, we introduce another type of SME, the “spin-up,” as an alternative and quicker route to market.

The specific purpose of the spin-up SME is to capitalize on the opportunity created ...

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