How to value innovation in ISFs: A study of the rent concept and entrepreneurial decisions

The thesis advances our understanding of the drivers for commercialisation success in entrepreneurial innovative small firms. The Entrepreneurial Innovational Value Model developed from the research provides a framework for guiding entrepreneurial start-ups and innovative small firms to successful commercialisation. The research findings identified a set of key concepts, defined as Capabilities Architecture, that work together with RENT theory to maximise success and commercialisation value. These concepts are the essential soft skills and systems needed for success. They encompases the skills of knowledge management, open innovation, organisational learning, social capital, networks and alliances, entrepreneurial orientation and entrepreneurial and managerial cognition.