“…Moreover, contracts with public research institutions such as universities are helpful in order to develop new technology. This is particularly useful for small entrepreneurial firms that have few resources to invest in innovative activity (Caiazza, Stanton, & Volpe, 2016;;Tyler, 2009;Thomke & von Hippel, 2002;Lienhardt, 2004;;Vanhaverbeke & Cloodt, 2006;Chesbrough, Vanhaverbeke, & West, 2006;Chesbrough, 2003;Caiazza, Richardson, & Audretsch, 2015). Consequently, it is possible to hypothesize that interaction with other organizations positively affects firm's innovations.…”