GE’s New In-House Fuel Cell Startup
The Gigaom website reported that General Electric is using an innovation for manufacturing fuel cell technology as the backbone to launch an independent startup within the conglomerate. GE thinks the fuel cell hybrid device is important enough to get its own separate company working on it. The startup model is an opportunity for GE to have the team work solely on the product and be able to operate quickly and nimbly. This is a good illustration of both “inside out” open innovation, and the development of a spin-off company with potentially a new business model to commercialize the innovation.
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