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What is Open Innovation and Why Does It Matter?
The Analytics Insight website noted that innovation is at its peak. Earlier, companies would keep their blueprints, R&D, strategies, and other intellectual properties locked inside the walls of the organizations. But thanks to advancing technologies, social media, other invaluable resources like customer feedback readily available, those boundaries
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Firm’s Strategies and Business Models for Growth Based on Open Innovation
The Nota Bene website reported that the concept of open innovation, which emerged in the early 2000s, has now been put into practice. Using the example of many firms, it was found out that the skillful use of the methodology of open innovation makes it possible to make a qualitative leap in the development
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Corporate Start-up Ecosystem Offers Unique Solutions for Giant Techs
The BizzBuzz website noted that Start-ups have changed the way companies think and operate. And now, even large enterprises rely on them to come up with unique solutions. One such example is Indian IT giant, HCL Technologies. The company has evolved with the emergence of the start-up ecosystem, says
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Open Innovation Models in Tech Driving Rapid Solutioning, Business Growth
The Financial Express website reported that innovation is a key factor in charting the growth trajectory for India’s technology sector, and open innovation programs are increasingly being included in agendas to drive business growth, according to industry body Nasscom‘s report. The report noted key
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How Small, Little-known Startups are Accelerating Expansion to the World
BusinessTimesSG reported that taking part in open innovation challenges has helped two homegrown enterprises accelerate growth. With one good innovation, firms can catapult onto the radars of clients worldwide, and on the fast track to becoming a global brand. Singapore-based Tagvance went from running
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The Opentop Incubation Program Aims to Disrupt the Port Logistics Industry
The NovoBrief website reported that Opentop – the open innovation hub of Valenciaport (a research center working towards innovation in the port logistics industry) – has launched its first incubation program with four startups looking to disrupt and solve the challenges within the sector. The four
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Open Innovation: the Engine of Growth for the Digital Economy
The Gilbert+Tobin website reported that the European Union is betting big that Open Innovation will be the engine of growth for the digital economy: “We believe that the intersection of mega-trends such as digitization, mass collaboration, and sustainability needs are creating a unique opportunity
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Helping Adult Learners Navigate New Career Paths
The Government Technology website reported that the U.S. Department of Education has launched a new initiative to encourage ed-tech innovators and others to “reimagine career navigation for adult learners” via the development of new digital tools. “Developing digital career navigation tools
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Ottawa Hospital Pioneers Advanced Big-Data Analytics to Improve Patient Care
The Globe and Mail website noted that an important goal for hospitals is improved care. Delivering it in a way that is safe and appropriate for patients – as well as effective and useful for workers in the health system – is especially critical. For Dr. Alan Forster, executive vice-president and
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Hasbro Is Taking Its Open Innovation Platform Global
The Forbes website reported that since Hasbro, the leading global toy and entertainment company, launched its open innovation platform Spark in 2016, it has received thousands of idea submissions from U.S.-based fans of its approximately 1500 brands. As of this fall, fans in five additional markets —
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