Small open innovation systems as new structures of economic relations in the regional economy
Abstract
Introduction. The use of advanced production technologies of the smart economy contributes to the formation of new integration structures focused on open innovation and cooperation. Technological and institutional transformations of the regional economy are specifically manifested in small open innovation systems, or SOIS, which are designed to facilitate the generation and integration of innovative solutions into traditional and new industries. Purpose. The aim of the article is to conceptualize SOIS as new subjects of economic relations derived from the analysis of the organizational configuration, the most significant principles, factors, conditions for formation, and functioning logic. Materials and methods. Methodologically, the study refers to an interdisciplinary approach, incorporating systems-synergetic and stakeholder approaches, open innovation concepts, and the triple helix model. General scientific methods of generalization and analogy, structural and bibliographic analysis are applied. Results. The criteria and features for defining the conceptual boundaries of regional innovation ecosystems are defined and characterized. The special role of developing symbiotic relationships and mechanisms for stimulating network cognitive effects in expanding the innovative potential of regional innovation ecosystems is substantiated. Relational capital, complementarity, and structural adaptability are shown to be the competitive advantages of regional innovation ecosystems. The author presents her interpretation of regional innovation ecosystems and develops an organizational model reflecting the relationships between regional innovation ecosystem participants and the external environment. Conclusions. Small open innovation systems designed to generate, verify, and commercialize innovative products and solutions are relevant models for stimulating innovation in today’s context. Practical application of SOIS advantages is crucial for regional economies, since they serve as a highly effective tool for overcoming structural inertia and accelerating innovation adoption, thereby stimulating regional economic growth. The obtained results theoretically contribute to structuring knowledge about SOISs and develop a scientific focus for their study. Further research includes empirical testing of the proposed model and studying the factors and conditions of SOIS development in various regional contexts.