capturing and appropriating value from innovations for small businesses françois duhamel hec school of management paris 1 rue de la libération 78351 jouy en josas cedex france tél 33 0 139 67 72 70 duhamelf fr sophie reboud groupe esc dijon bourgogne 29 sambin bp 50608 21006 380 725 989 sreboud escdijon com michel santi 74 83 please do not quote or cite without permission authors appear in the alphabetical order this version july 2005 corresponding author abstract paper we aim at developing a general framework capture appropriation to help innovators derive an optimal their has been developed particularly that often need more complementary resources than large companies sustain commercialization describe determinants choices streams namely autonomous expansion shared licensing out innovation selling withdrawal argue these are determined by specific