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How Innovation Can Solve Society’s Problems
The SwissInfo website noted that there are more and more problems in the world where open innovation is the only strategy that works. For example, without open science, CERN wouldn’t be able to process the massive amount of data coming out of the Large Hadron Collider. Today, open innovation usually just means tapping into the potential of large communities
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Henry Ford’s Model of ‘Change’
The SCMP website noted that open innovation is a solution that can benefit all types of businesses. It can help multinationals that welcome startups, university students and eco-system businesses into their fold to assist in improving processes, rethinking services, products and customer interaction.
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Nestle: Committed to Working With Start-Ups
The BQLive website quoted Gerardo Mazzeo Global Innovation Director at Nestle: “As the world becomes ever more interconnected, we as companies are beginning to realize the benefits of looking beyond our own walls for new ideas. No longer is innovation limited to the internal R&D team, but we
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Effect of Distance on Open Innovation
The MDPI website posted a study which examined the effects of distance between technology and the market, on open innovation. The first result was that there were differences in the distance and OI among Fortune 500 firms, Fortune non-500 firms, laboratories, universities, and start-ups. Thus, there
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Developing Open Innovation in Insurance
The CIOReview website noted that the buzzword of this decade Innovation has been rapidly evolving from simply trying new strategies and technologies to becoming a bonafide business model. With a global transition towards open innovation , businesses across different industries have needed to align
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SME’s Pump More Money into R&D
The Straits Times website reported that to sustain economic momentum, the Singapore Government renewed its five-year $19 billion research fund in January last year (2016). The sixth Research Innovation and Enterprise road map – 1 per cent of the nation’s gross domestic product – will
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The Inverted U-Curve of Open Innovation
MDPI posted a study on the relationship between open innovation and firm performance. This study revealed several pieces of evidence about the various complex relationships between open innovation and business performance, from a game of life simulation, mathematical modeling and simulation, an aircraft
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Open Innovation 2.0 Conference
The European Data Portal website reported that an Open Innovation 2.0 Conference was held on June 13-15 in Cluj-Napoca, Romania. The conference brought together innovation experts, policy-makers, academic scholars, practitioners and interested individuals dealing with innovation and entrepreneurship.
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Unlocking the Commercial Potential of SynBio
The European Pharmaceutical Review website noted that the volume of ongoing work to link breakthroughs in basic synthetic biology with promising applications underscores its considerable potential to generate both transformative tools and products. Open innovation will be increasingly important in turning
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New York City Fuels FinTech Innovation
The Baseline website reported that an open innovation framework established by the Partnership for New York City, Accenture and financial institutions spurs tech advances and economic gains. For most business and IT executives, today’s furious rate of technology change represents both opportunities
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