DEVELOPING INDICATORS OF OPEN INNOVATION EVENT OUTCOMES

Open innovation (OI) events are potent instruments for the development of dynamic ecosystems. However, the literature analyses the structure and mechanisms of OI events insufficiently to demonstrate their efficacy, making it difficult to justify the investments necessary for their success. With better data confirming their impact, funding for OI events should improve by becoming more accessible and, therefore, more conducive to efficient value creation. This regional study contributes to the literature on innovation ecosystems and field-configuring events by responding to the call for more effective measures of OI events to coordinate and improve the ecosystems’ overall competitiveness. Based on an analysis of six in-depth case studies, 28 semi-structured interviews, and secondary sources, we identify 54 best practices and 34 indicators of an event’s success for various actor types. Moreover, we suggest 11 measures of the short- and long-term impacts of an event on its ecosystem.