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European Companies Engage with Startups to Innovate

European Companies Engage with Startups to Innovate

By • on March 23, 2017

The Betanews website noted that a new report by Samsung, “The Open Economy,” showed that businesses are changing the way they’re innovating and are focusing on bringing in and collaborating with young and inspiring start-ups. Almost all European corporations surveyed (97 percent) have carefully analyzed the need for open innovation, however,

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Platforms, Open/User Innovation, and Ecosystems

Platforms, Open/User Innovation, and Ecosystems

By • on March 22, 2017

The Harvard Business School website posted an article which noted that platform, open/user innovation, and ecosystem strategies embrace and enable interactions with external entities. Firms pursuing these approaches change how they conduct business and interact with their environments. This paper considers

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What is Open Innovation?

What is Open Innovation?

By • on March 20, 2017

MalayMailOnline noted that another approach to innovation is looking beyond the company’s boundaries. This approach is particularly relevant to SMEs with limited resources and unable to rely on their own R&D, where the SMEs can leverage external knowledge and bring it into their business to create

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Opening Your Innovation Processes

Opening Your Innovation Processes

By • on March 16, 2017

A blog on the Garwood Center for Corporate Innovation website noted that whether you are in a large organization or a small one, chances are you need to open up your innovation processes.  But in order to do this effectively, you must connect your business model to your innovation process.  Companies

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Open Innovation in the Public Sector

Open Innovation in the Public Sector

By • on March 15, 2017

An article on the OpenDemocracy website maintained that we should approach the paradigm of open innovation in the public sector as a source of value and political capital. Today, the demand for more democratic and open participatory models does not stem from the executive and administrative insufficiency

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UC Berkeley Has New Innovation Hub

UC Berkeley Has New Innovation Hub

By • on March 13, 2017

The Daily Cal reported that a new innovation hub providing technical and financial support to startups will be coming to campus after a recent partnership between UC institutes and Enel, a multinational power company. Henry Chesbrough, a professor at the Haas School of Business and executive director

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Austria’s National Open Innovation Strategy

Austria’s National Open Innovation Strategy

By • on March 10, 2017

The bmvit website reported that Austria is one of the very first countries in the world to have developed a national Open Innovation Strategy. It was very important to promote collaboration between industry, science, public administration and society even while the strategy was being drawn up. In an

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The Future of Open Innovation and Artificial Intelligence

The Future of Open Innovation and Artificial Intelligence

By • on March 9, 2017

The LSE Business Review website reported that open innovation takes on a new meaning as Artificial Intelligence will analyze what’s out in the open digital world (Internet). Combining internal data and open data will lead to finding the best ideas suggested by the algorithm. From crowd-suggested to

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Citi Launches Tech for Integrity Challenge

Citi Launches Tech for Integrity Challenge

By • on March 8, 2017

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

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Unlocking a Hotel Innovation Strategy

Unlocking a Hotel Innovation Strategy

By • on March 7, 2017

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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