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Opening Your Innovation Processes

Opening Your Innovation Processes

By • on March 16, 2017

A blog on the Garwood Center for Corporate Innovation website noted that whether you are in a large organization or a small one, chances are you need to open up your innovation processes.  But in order to do this effectively, you must connect your business model to your innovation process.  Companies that are large typically enjoy strong business

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UC Berkeley Has New Innovation Hub

UC Berkeley Has New Innovation Hub

By • on March 13, 2017

The Daily Cal reported that a new innovation hub providing technical and financial support to startups will be coming to campus after a recent partnership between UC institutes and Enel, a multinational power company. Henry Chesbrough, a professor at the Haas School of Business and executive director

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Citi Launches Tech for Integrity Challenge

Citi Launches Tech for Integrity Challenge

By • on March 8, 2017

The Finextra website reported that the investment bank Citi has launched the Citi Tech for Integrity Challenge (T4I), a major effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and

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Unlocking a Hotel Innovation Strategy

Unlocking a Hotel Innovation Strategy

By • on March 7, 2017

The Hotelier website reported on the use of open innovation in sparking innovation in the hospitality industry. There is a leading group of hospitality firms that not only keep up with the pace of innovation but are able to innovate the very way they provide customers with enhanced experiences. They

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Evaluating Your Business Model

Evaluating Your Business Model

By • on March 2, 2017

A new post on the Blog of the Garwood Center for Corporate Innovation noted that large companies tend to consider new products and services through the lens of their current business model.  For projects that align well with the current business model, this works well.  Venture Capitalists do not have

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Collaborative Working in Farming

Collaborative Working in Farming

By • on February 22, 2017

An article on the FarmingUK website noted that agri-tech giants like Bayer are embracing open innovation, both within their own businesses and throughout the wider industry. “It is a big mindset change,” admits Adrian Percy, head of research and development at Bayer Crop Science. “But it is such

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How TomTom Opened Up for Innovation

How TomTom Opened Up for Innovation

By • on February 21, 2017

The MIS-Asia website reported that TomTom Telematics has built an ecosystem of third-party developers, delivering additional features to customers across a range of industries. A few years ago, TomTom made a conscious decision to open up its platform in order to broaden its capabilities. “We decided

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Chesbrough: “An Exciting Time for OI in the Energy Sector”

Chesbrough: “An Exciting Time for OI in the Energy Sector”

By • on February 16, 2017

The InnoEnergy website posted an interview with Henry Chesbrough, “the father of open innovation,” in which he discussed how open innovation applies to the energy industry.  While the energy industry in general has a conservative and monopolistic culture,  Prof. Chesbrough argues that the

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Collaborations Can Make UK a Pharma Leader

Collaborations Can Make UK a Pharma Leader

By • on February 10, 2017

The Pharma Letter website reported that the move away from the older model of closed corporate research and development labs and towards collaborative working and open innovation is highlighted as in the R&D sourcebook from the Association of the British Pharmaceutical Industry (ABPI). “It is therefore

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A Well-Oiled R&D Machine

A Well-Oiled R&D Machine

By • on February 7, 2017

The Science-Business website noted that in the last twelve years businesses have widely adopted such concepts as “corporate venturing”, taking a stake in businesses with promising technology, and “open innovation”, throwing challenges out to the wider world. The European Union’s Joint Research

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