The required policy tools of collaboration between new nanotechnology ventures and incumbents

Policy tools for developing innovation are challenging topic. The synergy of new firms and incumbents within new product development is the main goal of innovation policies. Yet very little research has explained detailed data on the policy tools that are required for the new product development process. We consider longitudinal multi-case study method and data collected from semi-structured interviews and direct and participative observation from 2010 to 2017. The contribution of this research is available in two parts. First, we introduced policy tools that are required for the joint new product development such as motivational and informational instrument, trust building instrument, technology assurance instrument, market standardization, and so on and second we introduced policy tools in each phases of new product development process. We provide new insight about policy tools in inter-organizational relationships for new product development and offer policy recommendations.