Abstract
This paper focuses on 25 years of CMOS image sensors in Belgium, starting with a successful university spin-off in the late 1990s. We rely on exploratory research using semi-structured interviews with this spin-off’s key protagonists. We follow them through time: founding five small businesses and being subject to three take-overs by multinationals. Using the Cyclic Innovation Model as a reference frame, we enlarge upon its Entrepreneurship Node and add Organizational Context to the model. Applying the model on the businesses we reviewed, we also demonstrate its usefulness in identifying failures in a company’s innovation management.
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