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By • on January 23, 2020

The Mondaq website published a report which combines experience gathered from interviews with clients around the world and in multiple sectors to highlight how businesses are innovating and seeing the significant benefits of open innovation. The report examines the process of open/collaborative innovation – both through encouraging internal innovation

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Open Innovation In The Spotlight

Open Innovation In The Spotlight

By • on January 21, 2020

The Asian Scientist noted that traditionally, companies have treated innovation almost like a jealously-guarded secret—a proprietary activity conducted only by select insiders. But this costly, long-term model of in-house R&D is threatened by the rapid pace of technological advancement. To keep

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Fear of Looking Foolish

Fear of Looking Foolish

By • on January 20, 2020

The HAL website posted an overview of a presentation Henry Chesbrough and Sea Matilda Bez gave at the World Open Innovation Conference in Rome this past December. The authors note that managers are myopic in their evaluation of technology; why don’t managers search for alternative business models for

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Open for growth? Evidence on EU Countries and Sectors

Open for growth? Evidence on EU Countries and Sectors

By • on January 18, 2020

The Taylor & Francis website posted an article which noted that the Open Innovation (OI) concept has pervaded the academic and policy debate due to its potential to further stimulate the circulation of knowledge between business partners and institutions and, consequently, to increase their innovation

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IBM Joins LOT Network in Major Step to Promote and Protect Open Innovation

IBM Joins LOT Network in Major Step to Promote and Protect Open Innovation

By • on January 16, 2020

The PRNewswire website reported that IBM announced a major step in its dedication to open innovation and responsible stewardship of technology by joining LOT Network Inc, a non-profit community of companies that builds a protective barrier for its members against patent assertion entities (PAEs). With

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Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

By • on January 14, 2020

The Wiley Online Library website posted a study which addresses how the open innovation concept can be applied in large corporations aiming to work with small innovative firms. More specifically, it reports an in depth qualitative study of how AstraZeneca, a global bio-pharmaceutical corporation, designed

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Igniting Innovation—Yang Wenxin Of WisQo

Igniting Innovation—Yang Wenxin Of WisQo

By • on January 13, 2020

The Asian Scientist website reports that open innovation has helped IoT solutions provider WisQo to develop new products that address market needs. Founder Yang Wenxin said in the beginning, we used to develop IoT solutions based on our own market knowledge. However, we began to realize that other more

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Four Skills For Successful Open Innovation

Four Skills For Successful Open Innovation

By • on January 10, 2020

The Asian Scientist Magazine noted that to make sure that Open Innovation becomes deeply embedded in a company’s culture and not remain just a buzzword, certain skills are required on the part of innovation teams within corporations. We feature here four skills identified by the University of Cambridge

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Open Innovation Challenges and Coopetition-Based Open-Innovation

Open Innovation Challenges and Coopetition-Based Open-Innovation

By • on January 9, 2020

A study on the IGI Global site found that the success of the open innovation model is based on five major elements, namely, 1) motivating spillovers, 2) incorporation of external knowledge, 3) intellectual property management, 4) maximization of internal innovation, and 5) financial constraints. These

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Open Innovation in the Global Automotive Ecosystem

Open Innovation in the Global Automotive Ecosystem

By • on January 7, 2020

The Yahoo Finance website reported that today’s global automotive ecosystem is defined through collaborative efforts, not just from automotive manufacturers and suppliers, but by the integration of technology from multiple sources. Leading global automotive supplier Cooper Standard understands

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