Co-creating innovation ecosystems in contexts of absolute uncertainty: The case of low-cost heart valves in India

Sreevas Sahasranamam, Vivek Soundararajan, Debabrata Chatterjee

Research output: Contribution to journalArticlepeer-review

3 Citations (SciVal)

Abstract

The development of innovations aimed at tackling grand challenges requires the support of an appropriate innovation ecosystem. However, there is a limited understanding of how such innovation ecosystems emerge in contexts of absolute uncertainty. We addressed this gap by examining the boundary work carried out by key actors in the creation of the biomedical innovation ecosystem in India that supported the development of a successful low-cost heart valve over the 1976–1995 period. We developed a process model demonstrating how the ecosystem leader co-created the innovation ecosystem that led to the development of a low-cost heart valve by engaging in three types of configuration boundary work: establishing ecosystem configuration, modeling ecosystem configuration, and expanding ecosystem configuration. Our study contributes to the literature on innovations for grand challenges, innovation ecosystems, and boundary work.
Original languageEnglish
Pages (from-to)501-526
Number of pages26
JournalJournal of Product Innovation Management
Volume41
Issue number2
Early online date16 Jan 2024
DOIs
Publication statusPublished - 31 Mar 2024

Funding

The authors would like to thank the interview respondents for their access to data and time. The authors are also grateful for the funding support from the Emerald/INDAM Indian Management Research Fund Award.

Keywords

  • India
  • boundary work
  • emerging markets
  • grand challenge
  • health
  • innovation ecosystem
  • institutional voids
  • medical device innovation

ASJC Scopus subject areas

  • Management of Technology and Innovation
  • Strategy and Management

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