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Using Open Data to Boost Public Sector Innovation
The Diginomica website noted that the clamor for digital transformation means executives in both the public and private sectors are encouraged to use creative methods, such as hackathons and cross-organization partnerships, to foster innovation. The city of Camden recently launched an open data challenge that allows talented IT professionals to help
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Japan Plans to Create Fintech Hub
An article on the Crowdfund Insider website noted that it is fair to say that over the past couple years, Fintech has taken the financial industry by storm; however, Japan has been a bit reluctant. But now, Japan is beginning to show a bit more belief in Fintech. In May 2017, the commissioner of the
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Agritech Challenge Aimed At Inspiring Innovation In Kenya
The AFKInsider website reported that the World Bank and venture capital firm Nest have announced a call for applications for the AgriTech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators
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Is Open Innovation A Risk Worth Taking?
The Innovation Enterprise website noted that since the term was first coined in 2003 by Henry Chesbrough in his book ‘Open Innovation: The New Imperative,’ many organizations and governments have implemented Open Innovation programs to tremendous success. Open innovation works so well because
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Japanese Chemical Firms to Collaborate
The Rubber News website reported that Japan’s National Institute for Materials Science has joined forces with chemical makers Mitsui Chemical Corp., Sumitomo Chemical Co., Asahi Kasei Corp. and Mitsui Chemicals Inc. to work on a materials open platform. The companies issued a joint statement, saying
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Monopoly v. Openness: 2 Sides of IP Coin in the Pharmaceutical Industry
The SSRN website posted an article which noted that the pharmaceutical industry extensively relies on the patent system. It actively lobbies for the strengthening of the patent protection of its medical products. The results of its efforts may be found in bilateral and multilateral agreements. However,
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Connect and Compete Through Open Innovation
The MDDI website noted that open innovation has become a mainstream practice for most technology-driven companies looking to accelerate time to market and stay ahead of the competition; and added if you are a medical technology manufacturer considering open innovation as a strategy within your innovation
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Companies Adopting Open Innovation Models
The IT Online website reported on a new PwC survey of over 1,200 global executives and business leaders. The aim of the study was to understand how these business leaders view innovation and what they are doing to better reap its rewards. The study found that companies are embracing open innovation models:
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Open Innovation: The Way Forward For The Legal Industry
The Lexology website posted an article in which the legal firm Corrs, Chambers, Westgarth described how it has been able to evolve and refine its delivery of legal services by embracing an open innovation approach to their technological advancements, saying “we strongly believe this strategy is
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Re-Invent Open Innovation to Apply to Small Firms
The Science|Business website noted that finding good examples of open innovation in small companies is difficult. It seems it is not yet common practice and the management tools available to support collaborations have been developed to suit the needs of large companies. As a result, many SMEs are struggling
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