In today’s fast changing and hyper-competitive business environments such as the automotive industry, Business Modell Innovation (BMI) has emerged as a promising approach to achieve competitive advantage. At the same time, however, BMI entails high levels of uncertainty and financial risk. In order to reduce the cost and risk involved, product and process innovation as well as manufacturing – and particularly smart manufacturing – have become increasingly open and collaborative in the recent past. The aim of this paper is to investigate the role of open and collaborative innovation practices in BMI as basis for competitive manufacturing ecosystems and provide a comprehensive review of available literature in this field. For this purpose a systematic analysis of literature at the intersection of BMI and Open Innovation has been performed. Furthermore, the role of supply chain partners (suppliers, customers and research institutions for manufacturing ecosystems) in open BMI processes has been investigated.