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Citi Launches Tech for Integrity Challenge
The Finextra website reported that the investment bank Citi has launched the Citi Tech for Integrity Challenge (T4I), a major effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond. The initiative will provide public sector
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Unlocking a Hotel Innovation Strategy
The Hotelier website reported on the use of open innovation in sparking innovation in the hospitality industry. There is a leading group of hospitality firms that not only keep up with the pace of innovation but are able to innovate the very way they provide customers with enhanced experiences. They
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Open Science and Open Innovation
The Papers.SSRN website posted a study by Markus Perkmann and Joel West which investigated how firms work with universities in the course of their innovation activities. The study gave an overview of three main modes of direct interaction between firms and universities: IP licensing, research services
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Open Innovation: Lighter-Weight Trains
The Siemans website reported that radical new approaches to the development of rolling stock are extremely rare. Christian Karner and Radovan Seifried of Siemens, together with Prof. Christian Moser of Graz University, have succeeded in developing a new chassis frame that weighs half as much as the standard
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How Is the Internet Doing?
The Forbes website posted an article reporting on the Mozilla Foundation’s release of the Internet Health Report, a forty-pages document giving a broad evaluation of the Internet’s condition. The report found that “open innovation on the Internet is threatened by bad policies, the devaluation
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Higher R&D Not the Answer
An article on TheWire website noted that while much has been made of intellectual property rights in recent times, open innovation models could actually be India’s best way forward to an inclusive innovation culture. Open innovation requires a completely different perspective on regulating the relationship
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Collaborative Working in Farming
An article on the FarmingUK website noted that agri-tech giants like Bayer are embracing open innovation, both within their own businesses and throughout the wider industry. “It is a big mindset change,” admits Adrian Percy, head of research and development at Bayer Crop Science. “But it is such
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How TomTom Opened Up for Innovation
The MIS-Asia website reported that TomTom Telematics has built an ecosystem of third-party developers, delivering additional features to customers across a range of industries. A few years ago, TomTom made a conscious decision to open up its platform in order to broaden its capabilities. “We decided
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Success to Innovation
A blog on the Garwood Center for Corporate Innovation website noted that although the current open innovation being practiced still weeds out false positives, it also enables the recovery of false negatives, that is, projects that initially seem almost worthless, but turn out to be surprisingly valuable.
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Chesbrough: “An Exciting Time for OI in the Energy Sector”
The InnoEnergy website posted an interview with Henry Chesbrough, “the father of open innovation,” in which he discussed how open innovation applies to the energy industry. While the energy industry in general has a conservative and monopolistic culture, Prof. Chesbrough argues that the
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