Toward a Dynamic Intellectual Property Protection Model in High-Growth SMEs

TL;DR

This paper proposes a conceptual framework for high-growth SMEs to balance intellectual property protection and open innovation, addressing cybersecurity challenges during rapid expansion.

Contribution

It introduces a new model integrating dynamic capabilities and open innovation theories to guide IP management in high-growth SMEs.

Findings

Framework to manage cybersecurity and IP assets

Qualitative methodology for validation and refinement

Guidance for balancing IP protection and open innovation

Abstract

This paper addresses the challenges faced by High-Growth Small-to-Medium Enterprises (HG-SMEs) in balancing intellectual property (IP) protection with open innovation during periods of rapid growth. Despite developing valuable IP assets that drive success, HG-SMEs often struggle with cybersecurity concerns related to IP theft and data exfiltration amidst resource constraints and the competing demands of expansion. We examine the intersection of cybersecurity, IP protection and rapid scaling - an area currently underexplored in existing literature. Drawing on Dynamic Capabilities (DC), Knowledge-based View (KBV) and open innovation theoretical frameworks, we introduce a conceptual framework to guide HG-SMEs in effectively managing valuable IP assets. This research-in-progress paper outlines a qualitative methodology to validate and refine the model. By addressing the research question of how HG-SMEs manage cybersecurity to protect valuable IP assets, we aim to provide practical guidance for high-growth, technology-driven companies navigating the tension between robust IP protection and collaborative innovation.