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Debunking the Myths of Open Innovation
The IPI website noted that the barriers to open innovation are lower than you think. We’re here to debunk some of these myths surrounding OI and highlight how an OI approach to business growth is more accessible and implementable than you think. Myth #1: A small company can’t reap the benefits of OI.Myth #2: Oi costs too much. Myth #3: Intellectual
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Building an Ecosystem of Partners
The Engineer website posted a article which noted that a successful future means integrating with partners in a collaborative ecosystem. Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better
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Advancing Biological Research Through Open Innovation Competitions
The Harvard Business School website posted an article which noted that researchers use open innovation competitions to benchmark their solutions to a particular computational problem, or to generalize their methodologies to instances of the problem for which a solution is unknown. Past examples demonstrate
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Investigating Open Government for Social Innovation
The R&D Management journal posted an article which noted that in recent years, public sector organizations have increasingly focused on citizen contribution by adopting instruments known from open innovation. A more open approach to innovation has become dominant in innovation management during
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Explorer Challenge To Predict Next Big Mineral Deposit in South Australia
The Mining.com website reported that energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining
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An End to In-House Innovation
The Times of Israel website noted that the factors that lead to the growth of this new approach [open innovation] include: the increasing availability and mobility of experts in the field of innovation; the increasing availability of capital; more opportunities for realizing the potential of innovation;
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Open Innovation in Small Towns and Rural Areas
The Wiley Online Library website posted an article which noted that a growing body of work shows that innovation occurs in peripheral regions and small towns in addition to cities.. Furthermore, work on rural social networks shows that diversity is multidimensional, and that along certain dimensions
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NASA and Harvard Agree: ‘Think Different’
The Innovation and Tech Today website reported that to NASA, Harvard, and a myriad of other successful organizations, thinking different often means leveraging the efforts and ideas of outsiders or “non-traditional participants.” NASA stories of “Open Innovation” have been researched — and
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Creativity and Stakeholders’ Engagement in Open Innovation
The Journal of Business Research posted a paper which investigates the role of design as a knowledge translation mechanism for social creativity in technology-intensive enterprises’ open innovation practices. The focus is on how design can be used to connect and combine the contribution of creativity
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Open for Innovation: Why Engaged Firms Are More Creative
The Bertelsmann Stiftung website posted a report which discussed how soft knowledge flows from businesses’ corporate citizenship activities can enrich the hard business of innovation. Beyond conventional Open Innovation (OI) partnerships with startups, suppliers or universities, business-civil society
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