Crossing the valley of death: Five underlying innovation processes.

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Date: Jan. 2022
From: Technovation(Vol. 109)
Publisher: Elsevier Science Publishers
Document Type: Report; Brief article
Length: 274 words

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Abstract :

Keywords Valley of death; Process theory; Innovation dynamics; Action research; Realist evaluation Highlights * We suggest that crossing the Valley of Death implies the successful completion of five distinct innovation processes. * We construct a conceptual framework constituted from five innovation processes. * We develop a risk assessment tool for managers scoping Valley of Death projects. 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. Author Affiliation: (a) University of Liverpool Management School, Chatham Street, Liverpool, L69 7ZH, UK (b) University of Leeds, Leeds, LS2 9JT, UK (c) E-Tech Ltd, 20 Kimberley Road, London, SW9 9DG, UK * Corresponding author. Article History: Received 31 August 2018; Revised 12 June 2020; Accepted 24 June 2020 Byline: Paul Ellwood [Paul.ellwood@liverpool.ac.uk] (a,*), Ceri Williams (b), John Egan (c)

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Gale Document Number: GALE|A684964840