From a wider perspective, the production and exchange of knowledge is the result of a dynamic and chaotic process of local actions and exchanges of knowledge which spread and interact in unpredictable and uncontrollable ways. At the micro level, however, it is possible to identify fundamentally different models of agency and hybrids thereof. One is the restricted/close source (R/CS) model based on proprietary knowledge and private model of production, based on non-proprietary knowledge and non-economic motives. Between these two extremes, there are various combinations or hybrids, in the following referred to as free/open source (F/OS)-based agency. F/OS-based agency is interesting for several reasons. Firstly, it is a new, fast growing and theoretically rather immature field. Secondly, F/OS poses opportunities rather different from traditional innovation models. Last but not least, the distinct lack of F/OS advanced training opportunities at traditional institutions of higher educations points at F/OS projects. In the discussions, practical examples from software production are included. In conclusion, the paper identifies avenues for future research as well as important managerial and policy implications.