Challenges and Perspectives for Science and Research in the EU

By • on October 18, 2019

The Baltic Course website reported that one of the main components of the emerging European Open Science is open innovation. The article noted that open innovation focuses on new business models and funding schemes to be developed so that everyone, particularly the industry and citizens, have access to knowledge and are able to use innovation workflows to analyse, publish and commercialize their findings. An open innovation ecosystem encourages the hatching of new entrepreneurs and the creation of new products, services and, therefore, new markets. The free flow of knowledge, data and new technologies is the key to achieving the transition from research (knowledge) to innovation in products and services; open innovation accommodates this need by completing the missing part of  commercialization.

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