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Open Innovation: Modernizing Agriculture
The Crop Science website posted an article describing how Bayer is implementing open innovation. Bayer has an internal platform (called WeSolve) that allows employees to submit challenging questions and seek answers from their colleagues. Additionally, Bayer reaches out to creative minds all over the world to initiate partnerships, advise entrepreneurs,
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New Europe-wide Data Accelerator
The Electronics and Computer Science website announced that Data Pitch, a new European data accelerator, will create a European ecosystem for data-driven innovation. In the digital age, every organization, public or private, big or small, generates and owns substantial data assets. Not all them have
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The Advance of Open Innovation
The SAP website posted an interview with Henry Chesbrough in which he outlined why firms need to experiment with new business models within and across company boundaries. He noted that companies get much more sustainable value if they focus on innovating the business models of their external collaborators.
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Korean Drugmakers to Seek Global Partnerships
The Korea Herald website reported that South Korean pharmaceutical companies and global drugmakers came together to discuss new business partnerships and open innovation at this year’s Korea Pharma Associations Conference in Seoul. As one of the biggest pharma industry events of the year, the conference
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World Open Innovation Conference Call for Papers
The World Open Innovation Conference website announced a call for papers for the 4th Annual World Open Innovation Conference (WOIC) to be held in San Francisco Dec. 13-15. The conference theme is “Strategic and Public Policies for Open Innovation”. The goal of the WOIC is to bring theory
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Twelve Principles for Open Innovation 2.0
An article in the journal Nature noted that a new mode of innovation is emerging that blurs the lines between universities, industry, governments and communities. It exploits disruptive technologies — such as cloud computing, the Internet of Things and big data — to solve societal challenges sustainably
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Escaping the Commodity Trap
The Garwood Center for Corporate Innovation posted a blog which noted that the amount of time a product lasts in the market before a new and improved one takes its place is shrinking. As a result, even successful products can expect to enjoy an advantage in the market for a shorter time than in the past.
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A Dynamic Business Model Framework
A post on the Blog of the Garwood Center for Corporate Innovation discussed different types of business models: “Mom and Pop” operations; organizations such as newly entering companies differentiated based on higher performance; companies with good product and process technologies such as
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Rothamsted Open Innovation Forum
The FarmingFutures website posted a summary of the Rothamsted Open Innovation Forum held in the UK this past January. The forum was designed to accelerate collaboration for the development of game-changing innovations addressing global food and nutrition security challenges. Innovation isn’t just one
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Sanofi Feeds on the Scientific Richness of Boston
The Quebec Telegram website reported the development of Sanofi, a major life sciences firm in Boston. In 2011 the company completely restructured its R & D laboratory and converted it to the “open innovation” model – adopted today by most major laboratories; a change dictated by the urgency
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