Table 4

Summary of ICT knowledge and FI strength

CaseICT knowledgeFI strengthEmpirical evidence
Case 1 – AgritechHighHighARM-based reuse and low-cost hardware adaptation enabled by ICT expertise
Case 2 – HealthtechHighHighLean processes and cost-efficient product design informed by technical literacy
Case 3 – ProptechInitially low; later highHighFI was strengthened after the entry of an ICT-skilled CTO
Case 4 – TraveltechLowLowLack of technical expertise inhibited frugal innovation
Source(s): Authors’ own work

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