Crossing the valley of death: Five underlying innovation processes

Ellwood, Paul ORCID: 0000-0002-3449-530X, Williams, Ceri and Egan, John (2020) Crossing the valley of death: Five underlying innovation processes. Technovation, 109. p. 102162.

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Abstract

The aim of this paper is to elucidate the innovation processes of technology development across the Valley of Death. Hitherto, studies of the innovation process for this difficult early phase in technology development have implied a linear progression or have privileged the contribution of intermediaries channelling government-funded support. By making use of process theories, and pursing a novel action research methodology with all innovation actors involved in the Valley of Death transition, then a wider processual perspective is realised. This paper adopts a realist evaluation approach in order to integrate the findings from six different technology development projects. By these means, we suggest that crossing the Valley of Death implies the successful completion of five distinct innovation processes. We construct a conceptual framework constituted of the five innovation processes, and argue there is more than one pathway for crossing the Valley of Death. Finally, we offer practical implications for innovation management at this phase of technology development.

Item Type:	Article
Uncontrolled Keywords:	Valley of death, Process theory, Innovation dynamics, Action research, Realist evaluation
Depositing User:	Symplectic Admin
Date Deposited:	05 Aug 2020 08:45
Last Modified:	18 Jan 2023 23:38
DOI:	10.1016/j.technovation.2020.102162
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3096441