Hungund, S.Kiran, K.B.2026-02-082021In Search of Business Models in Social Entrepreneurship: Concepts and Cases, 2021, Vol., , p. 233-25297898116039079789811603891https://doi.org/10.1039/d5dd00224ahttps://idr.nitk.ac.in/handle/123456789/33730The paper provides insights on open innovation practices adopted across the Indian software product Small and Medium Enterprises (SMEs). It explores the open innovation practices adopted by software product SMEs and the influence of these practices on the performance of the firm. The software product firms located in Bangalore are selected for the study. The framework developed is empirically tested on a sample of 213 software product companies located in Bangalore region. The results suggest that collaboratiosn practices of open innovation are widely adopted. Also, the open innovation model helps the firm to improve its overall performance and develop more products. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021.And software productCollaborationsFirm performanceIPROpen innovationSmall and medium business and software industrySpin-offs