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Startups’ Motives, Approaches, & Opportunities for Using Open Innovation
The Lund University website posted a study of why and how startups practice open innovation. The study aims to contribute to a better understanding of what drives startups to open innovation, how they use it and comprehend what challenges and benefits OI brings to startups. The research suggests that OI literature for large companies and SMEs might
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Europe’s Science Spending Set for Another Big Boost
The Science Magazine website reported that the European Commission plans for one of the biggest single research programs on the planet. Called Horizon Europe, the program could be worth €97.6 billion. One of the main pillars of Horizon Europe is Open Innovation, which addresses an old problem: Europe’s
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How to Overcome Barriers to Open Innovation
The Harvard Business Review website posted a study by researchers who described what they felt was an important barrier to open innovation. The most resistant scientists and engineers saw open innovation methods as a fundamental challenge to their professional identities. They defined themselves as “problem
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Startup Shakes Up Bamako’s Public Transit
The World Bank website reported that Teliman, an on-demand transport mobile app, was launched by a World Bank-sponsored hackathon to facilitate open innovation between local start-ups and Toyota’s African subsidiary CFAO. Teliman is aimed at helping solve transportation problems in Bamako, the capital
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Schneider Electric Rolls Out GenNext Buildings’ Platform
The Trade Arabia website reported that Schneider Electric, a global leader in digital transformation of energy management and automation, has announced the next generation of EcoStruxure Building, the industry’s first open innovation platform of buildings. A part of Schneider Electric’s EcoStruxure
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Team “AUTOmator” Wins Porsche Open Innovation Competition
The EIN News website reported that Steffen Iwan, Christian Brachert and Valentin Rüchardt, aka team “AUTOmator”, have been crowned the winners of the “Porsche NEXT Open Innovation Competition” with their idea of linking apps with the Porsche vehicle and making them work for the driver automatically.
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Decoding the Digital BLUR
The ETCIO website noted that in the industrial age, the emphasis is about the product. In the digital age, it’s about creating experiences. In the industrial age, power is derived from authority. In the digital age, power comes from the influence you have in the market or the community that you built
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Singapore Rolls Out Open Innovation Platform
The OpenGov website announced that Infocomm Media Development Authority will implement an Open Innovation Platform (OIP) to provide companies with better access to business needs and opportunities. The OIP aims to facilitate innovation and narrow the gap between research and commercialization. It is
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Living African laboratories
The Bizcommunity website reported that adopted globally as an experimental practice for contextual product development, the ‘living lab’ concept being implemented in Africa enables new ideas to be tested in an active, real-world, real-time environment. The findings can lead to open innovation in
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Open Innovation a Driver in Business Growth
The Upstate Business Journal reported that South Carolina company Techtronics Industries (TTI)’s success paints a detailed picture of open innovation’s benefits. The company developed ION (Innovation Outreach Network), an open innovation program targeting three primary audiences: TTI employees,
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