TY - JOUR TI - The Logic of Open Innovation: Making Value by Connecting Networks and Knowledge T2 - Foresight and STI Governance IS - Foresight and STI Governance KW - value KW - innovation KW - knowledge exchange AB - Open innovation is the process of joint market promotion of new products and services and creation of new business opportunities by the knowledge exchange between partners. In recent years this innovation practice is becoming more common. The paper describes the preconditions for its emergence and forms of implementation. General recommendations for public policies on fostering open innovation are provided. AU - Thomas Grosfeld AU - Theo Roelandt UR - https://foresight-journal.hse.ru/en/2008-2-1/26547003.html PY - 2008 SP - 24-29 VL - 2