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Korean Firms Repurpose FDA-approved Drug for Rheumatoid Arthritis Treatment
The BioSpectrum website reported that Standigm Inc, an artificial intelligence-based drug discovery company and SK Chemicals Co, Ltd, a life science and green chemicals company have announced that they have successfully found a new rheumatoid arthritis indication for an FDA-approved drug and have filed a patent. This is the first successful result of
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Why Investment in Open Innovation Has Become So Important During the COVID-19 Pandemic
The Yahoo!Finance website posted an article and film which noted that during a time where health is globally prioritized more than ever due to the COVID-19 pandemic, learning about investment in open innovation has become an important part of accessible health care. Vaccines, therapies, diagnostics
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Rainmaking To Accelerate Its Open Innovation Platform In 2021 To Tackle Decarbonization
The Hellenic Shipping News website reported that Rainmaking, a global venture development firm, is seeking to accelerate its cross-industry, open innovation platform to tackle maritime decarbonization and supply chain resilience in 2021. Rainmaking Transport’s open innovation platform first set up
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The Impact of Digital Social Responsibility on Preference and Purchase Intentions: The Implication for Open Innovation
The MDPI website posted a study which investigated the impact of Digital Social Responsibility (DSR) on brand preference and consumers’ purchase intention comparing between high and low involvement product categories. Previous studies revealed that successes of businesses rely on the extent to which
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Internal and External Antecedents of Open Innovation Adoption in IT Organizations
The Emerald Insight website posted a study which aims to propose and test a theoretical model exploring the impact of internal and external factors of social media use by IT organizations on open innovation (OI) adoption with the mediating effect of knowledge management capabilities. The results revealed
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Opening Science and Innovation: Opportunities for Emerging Economies
The Proquest website posted a study whose purpose is to demonstrate the relevance of open science to open innovation and vice versa, especially in the context of emerging economies. Furthermore, it aims to show the results of the intersection between university and innovation companies. It also focuses
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Dimensions of Research for Open Innovation in SMEs
The ICI Global website noted that although the benefits of open innovation have been described in many studies, the underlying mechanisms of how companies can be successful open innovators have not be understood well. A growing community of innovation management researchers started to develop different
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To Recover Faster From Covid-19, Open Up
An article in the Industrial Marketing Management journal by Henry Chesbrough noted that in fighting a pandemic, speed is crucial, and the sooner we know more and are able to take action, the better for all of us. Opening up mobilizes knowledge from many different places, causing our learning to advance
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Chinese Lesson Learned From the Collapse of the USSR
The Free News website reported that Zheng Yunnan, Dean of the Institute for contemporary Chinese studies, spoke about Beijing’s main lesson from the collapse of the Soviet Union. The USSR’s tragedy is that it had technical innovations but did not allow market mechanisms to work in the country’s
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The Influences of Open Communication by Senior Leaders on Effective Open Innovation
The Sage Journals website posted a study of 200 open innovation managers which showed that open internal communication by senior leaders drives higher legitimacy judgments, which in turn drives open innovation success. Further, legitimacy judgments mediate the relationship between open internal communication
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