There is growing recognition that the governance of open innovation is interdependent with the outcome being developed. In this paper, we address the dynamic nature of open innovation governance through an in-depth, longitudinal case study of a commercial software firm and a big science centre...

Part of the advantages of using open innovation (compared to closed innovation) in corporate venturing can be explained by applying the real options approach. Open innovation in risk-laden activities such as corporate venturing has the following advantages: (i) benefits from early involvement in...