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Open Innovation Challenges and Coopetition-Based Open-Innovation
A study on the IGI Global site found that the success of the open innovation model is based on five major elements, namely, 1) motivating spillovers, 2) incorporation of external knowledge, 3) intellectual property management, 4) maximization of internal innovation, and 5) financial constraints. These five elements are the major challenges for companies
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Open Innovation in the Global Automotive Ecosystem
The Yahoo Finance website reported that today’s global automotive ecosystem is defined through collaborative efforts, not just from automotive manufacturers and suppliers, but by the integration of technology from multiple sources. Leading global automotive supplier Cooper Standard understands
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BBVA: Technological Highlights from 2019 and a Look at the Year ahead
The BBVA website posted the views of BBVA, a global financial group, on the breakthroughs that happened during 2019, and the ones they see in the technological banking landscape in 2020. The biggest development in 2019 has been focused on making a real impact on the business and in the key BBVA projects,
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The PM Live website noted that open innovation has become one of the most talked about concepts of our time. It seeks to power up the ability to work with a broad ecosystem of partners and its customers to harvest the best ideas and to provide the appropriate tangible and intangible assets from all collaborators. Eli
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AstraZeneca Scientist Knighted
The PharmaLetter website reported that Mene Pangalos, one of the leaders behind AstraZeneca’s remarkable recent record of successful drug development, has been awarded a knighthood. Sir Mene’s is executive vice president of BioPharmaceuticals Research and Development at AstraZeneca. Sir Mene has
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MIT Inclusive Innovation Challenge Drives a More Equitable Economy
The MIT News website reported on the MIT Inclusive Innovation Challenge (IIC), a global tournament for entrepreneurs harnessing technology to ensure a more equitable future. Since the IIC was launched in 2015, researchers have identified 160 organizations from around the world, awarding a total of $5
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Enabling Startups Through Demand-led Innovation
The Economic Times website posited that corporations mature in their engagement with startups gradually through the following stages of Corporate Innovation: Corporates that are beginning to consider corporate innovation models fall into the “emerging” category. Corporates that have multiple
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Turkish Airlines Adopting an Open Innovation Mindset Following Move to Istanbul Airport
The Future Travel Experience website reported on Turkish Airlines (TK) move to its new mega-hub, Istanbul Airport, from Atatürk Airport. The move represented one of the most significant milestones in Turkish aviation history. Istanbul Airport is now capable of processing 90 million passengers, later
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How Open Innovation Can Help Make Smart Cities a Reality
An article on the SmartCitiesWorld website noted that cities can play a unique open innovation role. While tech companies excel at early product development, testing in a predictable lab setting is only the first step. The next step is to place your product in the real world to learn what you do not
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The Legacy of Science Commissioner, Carlos Moedas
The SciTech Europa website posted an interview by Science|Business’s Managing Director, Maryline Fiaschi with the European Union’s Science Commissioner, Carlos Moedas. Fiaschi maintained that the Commission has perhaps made the most progress during Moedas’s five-year tenure with open innovation,
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