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Open Innovation in Financial Services
The IT Business Net website reported that the Symphony Software Foundation, a nonprofit organization promoting open innovation in financial services, announces its launch as the Fintech Open Source Foundation (FINOS). The FINOS brand reflects the Foundation’s expanded mission of providing an independent forum for high-impact collaboration across
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Dairy Delighted With Open Innovation
The FoodCanada website reported that as the dairy industry evolves to meet changing consumer demands, new strategies to ensure innovation continues are emerging. Agropur is perhaps the best example. In 2016, it abandoned the traditional model of coming up with new products internally. Instead, its annual
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Realizing the Value of Open Innovation
The Big Innovation Centre posted a report which noted that while the specific term ‘Open Innovation’ was only popularized relatively recently – by Berkeley Professor Henry Chesbrough in 2003, based primarily on observations of technology firms – the broader underlying dynamics of the change
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How to Make Collaboration Work For You
The Independent website noted that Insight Out is a consultancy that works with expert groups in companies, government agencies and open innovation networks on creating the conditions for successful creative collaboration. Real collaboration within organizations goes far beyond mere ‘cross-party
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The Reinvention of NASA
The Harvard Business Review reported that over the past few decades, not only has NASA delivered crucial technologies for society, such as water filtration systems, satellite-based search-and-rescue, and UV coating on eyeglasses, it has also evolved its dominant logic and business model. NASA has moved
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Creating Collaborative Ecosystems through Open Innovation
The Lancaster University website reported that Professor Solomon Darwin will deliver a talk on May 11 at the Lancaster University Management School. He will describe, via a number of case studies, how the Garwood Center for Corporate Innovation has created and continues to nurture an ecosystem of corporations
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New “Organizational Moonshots” Course
The UC Berkeley website reported that Berkeley Haas Business School adjunct professor Henry Chesbrough, who directs the Garwood Center for Corporate Innovation and is known as the father of “Open Innovation,” has made the concept of a “Moonshot” the center of a new course called “Organizational
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MetLife Joins the MIT Media Lab
The Digital Journal website reported that MetLife has established a multi-year collaboration with the Massachusetts Institute of Technology (MIT) focused on accelerating innovative technologies that will transform the insurance industry. The announcement furthers MetLife’s innovation approach of bringing
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Tips for Creating Open Innovation Structures
The Utility Week website noted that it seems many organizations are talking about creating open structures for customer-led innovation – but how do you practically make it happen? Whatever sector you work in there are a huge rise in the number of teams being setup to “drive change” and “promote
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Barriers to Innovating with Open Government Data
The IOS Press website noted that open government data (OGD) can enable outbound open innovation (OI) that is beneficial to society. However, innovation barriers hinder OGD users from generating value. While previous studies have detailed a large number of such barriers, little is known of how different
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