Creating and Capturing Value in Innovation Ecosystems: A Systematic Literature Review Between 2010 and 2021

Abstract

Value creation and capture in innovation ecosystems has been researched from two different perspectives: territorial (analysing city/regions) and platforms (analysing hub companies/firms). However, there is a gap in relation to the similarities and differences of value creation and capture for each of these perspectives of innovation ecosystems. Thus, our objective is to identify, through a systematic review, what are the contributions of the platform and territorial perspectives to the literature on value creation and capture in innovation ecosystems. We used Web of Science database and analysed 42 articles in English issued between 2010 and 2021. Our results identified similarities in the dimensions strategies, mechanisms of value creation and procedural view, as well as differences in relation to mechanisms of value capture, critical factors of success and value dimensions for each of the perspectives. At the end, we suggested an investigation agenda for future studies in these field.