%0 Journal Article %J Open Source Business Resource %D 2009 %T How Companies Make Money Through Involvement in Open Source Hardware Projects %A Edy Ferreira %A Stoyan Tanev %X The study of open source software (OSS) development and business strategies has become the subject of significant research interest. However, there is little research on business models associated with the development of open source assets other than software such as hardware or content. This article provides an overview of current business models for creating revenue for both open source software and hardware. It then summarizes our research of market offers to identify the ways companies use open source hardware (OSH) projects to make money. The research results provide insights about the dimensions of open source business models in an area other than typical software development. %B Open Source Business Resource %I Talent First Network %C Ottawa %8 02/2009 %G eng %U http://timreview.ca/article/228 %N February 2009 %9 Articles %1 Carleton University Edy Ferreira is an Electronics Engineer who has worked in the Telecommunications industry. He is currently a graduate student in the M.A.S.c in Technology and Innovation Management (TIM) at Carleton University and this article is based on preliminary results of his TIM thesis. %2 University of Southern Denmark Stoyan Tanev is an Assistant Professor in the Department of Systems and Computer Engineering at Carleton University. He received a joint Ph.D. from the University of Sofia and the Universite Pierre and Marie Curie. His research interests include open source innovation strategies in non-software sectors, management of innovation in new, emerging and cross-disciplinary technology areas, and biomedical optics and nanophotonics design and simulation tools.