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Twelve Principles for Open Innovation 2.0

Twelve Principles for Open Innovation 2.0

By • on April 27, 2017

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 and profitably, and more quickly and ably

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Escaping the Commodity Trap

Escaping the Commodity Trap

By • on April 25, 2017

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 Dynamic Business Model Framework

By • on April 19, 2017

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

Rothamsted Open Innovation Forum

By • on April 18, 2017

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

Sanofi Feeds on the Scientific Richness of Boston

By • on April 17, 2017

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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Open Innovation 2.0

Open Innovation 2.0

By • on April 14, 2017

An entry on the Irving Wladawsky-Berger blog described what it characterized as “Open Innovation 2.0.” Open innovation 2.0 is now emerging, blurring the lines between universities, industry, governments and communities.  It exploits disruptive technologies  – such as cloud computing,

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How to Connect IP Management to Open Innovation

How to Connect IP Management to Open Innovation

By • on April 13, 2017

The Garwood Center for Corporate Innovation posted an article which noted that in the earliest phase of the technology lifecycle, it pays to be very open. As the dominant design emerges, tightening the protection for one’s ideas becomes very important. Managing internal and external innovations and

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Placing Users At The Core Of Innovation Strategies

Placing Users At The Core Of Innovation Strategies

By • on April 12, 2017

The Forbes website posted a review of the book Revolutionizing Innovation: Users, Communities, and Open Innovation. The book includes 25 original contributions providing an extensive view of user and open innovation by scholars from all over the world in a variety of industries. The book underscores

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Global Drugmakers Join Hands With Startups

Global Drugmakers Join Hands With Startups

By • on April 10, 2017

The Yonhapnews website reported that global pharmaceutical companies are seeking to join hands with local startups as part of their effort to increase research and development productivity. The move is part of their effort to adopt “open innovation,” a network of collaboration with external

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Open Innovation: Solutions for R & D Pipelines

Open Innovation: Solutions for R & D Pipelines

By • on April 10, 2017

The Accenture website noted that many companies are embracing the concept of open innovation, but few are doing so in strategic ways. Our research found that when large corporations work with external parties to augment their internal R&D, they use four basic modes of open innovation: a traditional

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