The business model of Do-It-Yourself (DIY) laboratories – A triple-layered perspective

Abstract

As the question of funding for DIY laboratories remains a matter of central interest for the financial sustainability of laboratories, this paper studies Do-It-Yourself (DIY) laboratories from the under-researched business model and management perspective. We have applied the triple-layered business model canvas (TLBMC) to explore and understand DIY laboratories from the economic, environmental, and social value creation aspects. Based on our comprehensive literature review and exploratory case studies, our research findings reveal that DIY laboratories are essentially technology hubs offering technology enthusiasts and entrepreneurs physical and social spaces and business incubation to help them survive and thrive. Engaged with all the Triple Helix stakeholders, DIY laboratories offer a platform of science innovation and technology incubation at the grassroots level for technology entrepreneurs to grow economically, socially, and sustainably.