Figure 1.
The flowchart illustrates the relationship between three input factors and technological evolution maturity, followed by implications for organisational risk. Three blue rectangular blocks are aligned on the left: human capital, social capital, and investment from the promoting organisation. Arrows point from each toward a central block labelled technological evolution maturity, abbreviated as T R L. Two hypotheses are indicated: H 1 from human capital and H 2 from social capital. To the right of the central block, two scenarios are described. The upper scenario reads: more maturity, with fewer investments, results in less risk for the promoting organisation. The lower scenario reads: less maturity, with more investments, results in greater risk for the promoting organisation. This structure implies that technological maturity, influenced by various forms of capital and investment, determines the risk level associated with innovation funding.Analytical framework
Source: Authors’ own work