INCUVA: A Meta-framework for Sustaining the Value of Innovation in Multi-cultural Settings

Abstract

Innovation is increasingly seen as the main vehicle for value creation in business organisations as well as in civic societies. Consequently, funding agencies and businesses continue to invest huge amounts of money and other resources on innovative projects with a view to creating and sustaining the desired value outcomes. However, creating value is not the same as sharing and sustaining value, especially when such value needs to be shared and sustained in a multicultural space. This paper analyses the interaction of three key elements, namely Innovation, Culture and Value, that could facilitate or inhibit the sharing and sustenance of value created through innovative projects. The paper also proposes a meta-framework based on work done during the EU-funded project VALO, aimed at developing and disseminating effective ways of maximising and sustaining the value created in innovative projects. © Springer-Verlag Berlin Heidelberg 2013.