ABSTRACT
Convergence innovation is here defined as ‘a horizontal and vertical integration of diverse technologies creating new products, processes, and services’. Horizontal integration means an absorption of diverse fields of technologies for the purpose of creating new functions and products, which often broadens the scope of their technological specialization that can interact with partner companies or individuals. Vertical integration means deepening of specific technologies connecting technological fields of forward and backward sectors for the purpose of creating new functions and products.
