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LG Collaboration with Google, Amazon = New Biz
The Investor website reported that LG Electronics, a passionate advocate of artificial intelligence, believes open cooperation with top AI players like Google and Amazon will help the device manufacturer gather data better and make it a strong AI player. LG is accelerating its transformation from a traditional home appliance manufacturer to an AI and
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World’s Biggest Open Innovation Model: ‘Smart India Hackathon- 2019’
The Daraya News website reported that The third edition of World’s Biggest Open Innovation Model – Smart India Hackathon 2019 (SIH-2019) was launched in New Delhi recently. SIH-2019 is a nationwide initiative to provide students a platform to solve some of the pressing problems we face in
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Time to Light a Fire: Building a Culture of Innovation
The Industry Week website posted an article which stated “Think outside your company’s walls. As R&D continues to grow within the private sector, companies will be better suited by opening doors to outside expertise. Open-source coding is revolutionizing the software industry; similarly,
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How Suppliers & Foundries Can Advance Technology Together
The Foundry Planet website noted that by opening their innovation processes to their customers and suppliers as well as to start-ups and research institutes, companies are able to gain faster access to user requirements, expert knowhow and new technologies. In 2016, the management consultancy Staufen
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Leveraging Open Innovation through Paradox
The Wiley Online Library website posted the abstract of an article which proposes to shift the conceptual frame from looking at the tensions between control and openness in the open innovation process as problems to looking at them as synergies. Drawing on the literature of open innovation and organizational
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Tokyo Gas Innovation Group Builds Presence on U.S. East Coast
The Markets Insider website reported that in early 2017, Tokyo Gas implemented an open innovation strategy and began establishing company outposts in leading innovation hubs around the world. Planting roots in new locations including Menlo Park, CA, and Boston, MA, is an effort to better connect Tokyo
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Colleges Must Throw Open the Gates
The Atlanta Journal Constitution website posted an article which stresses the importance of rethinking current higher education practices by encouraging a more open culture that values partnerships and embraces innovation. It is essential that colleges and universities embrace a new era, grounded in
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8 Open Innovation Prize Recipients: Where They Are Now
The Luminary Labs website noted that while the explicit purpose of an open innovation competition is to surface a winner, success can extend far beyond the timeline of the challenge. After conducting a survey of prize recipients, we have found that almost all (92%) of teams continued developing their
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Value creation and Value Capture in Open Innovation
The Journal of Product Information Management posted an abstract of a forthcoming article which noted that prior research on open innovation has mainly focused on collaborative inventing. However, understanding the processes and outcomes of joint inventing is not sufficient for understanding sustained
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Yonsei Creates Biomedical R&D Advisory Center
The Korea Biomedical Review website reported that Yonsei University Health System has created a research and development advisory center called ALYND to foster cooperation in the biopharmaceutical sector. The center will work to bring together industry, hospital, and academic officials to work towards
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