Institute of Innovation Research has been holding the IIR Summer School every year since 2010. The 12th Summer School was held remotely through Zoom on August 23 & 24, 2021. The purpose of this summer school is to promote innovation research by building researcher networks, offering a place for presenting the latest research results, and supporting young researchers. This year, we invited Professor Alex COAD as a guest speaker and a total of 13 presentations were made (7 were in Japanese and 6 in English). The Best Presentation Award was awarded to Dr. Naoto NADAYAMA, Associate Professor, Kanagawa University. The title of his presentation was “Subsidiary Managers’ Reaction to Headquarters’…