Section » Process
Open Innovation’s Role in Development and Go-To-Market Strategies
The PharmaLive.com website reported that a recent example of a comprehensive approach to open innovation strategy is the Pfizer COVID-19 vaccine. Pfizer issued its five-point plan, which embraced open innovation in all areas of development, and provided open access tools with the scientific community, access to its clinical trial, and regulatory expertise
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Product Innovation Logic Under the Open Innovation Ecosystem
The Taylor & Francis Online website posted a study which summarizes the experience logic of product innovation under the open innovation ecosystem from the perspectives of innovation entities and innovation platforms, and discusses how core companies can be more effective in the open innovation ecosystem
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Optimal Degree of Openness in Open iInnovation
An article in the Science Direct website noted that open innovation has become an important mode for firms to improve innovation performance. If the openness is too low, it will reduce the opportunity to acquire external knowledge, while too open will increase the risk of internal knowledge leakage.
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Spotnana: Travel’s First Open Innovation Platform, Launches With $41 Million in Funding
Business Wire reported that Spotnana Technology Inc., the first technology company to build an open global innovation platform for travel has announced $41 million in funding. “Spotnana is re-envisioning the travel experience from the ground up. By applying a cloud native and open approach to
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Survival of Fittest: Open Innovation and Product Development Linkages
A conference paper at the International Conference on Human Interaction and Emerging Technologies noted that open innovation is becoming the frontline strategy to develop new products and services in most R&D based firms. This paper focuses on the strategies of the companies which protect their
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NORCAT Launches Open Innovation Platform to Connect the ‘Builders’ and ‘Buyers’ of Innovation
The Mining.com website reported that NORCAT has launched the NORCAT Open Innovation Platform – an online marketplace that enables tech companies and mining companies to work together to solve the many intractable challenges facing the global mining industry. NORCAT’s aspirational priority to be the
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Solving COVID and Climate: ‘Innovation Without Borders’
The Korea BizWire reported that The Lens has launched the Collective Action Project – a multi-year initiative to enable open innovation knowledge for solving problems together. Comprising a massive collection of over 134M global patents linked with 236M research publication records and hundreds of
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New Jersey Governor Announces Winners of the Future of Work Accelerator Open Innovation Challenge
The Insider New Jersey website reported that Governor Phil Murphy announced the winners selected for the New Jersey Future of Work Accelerator program – the result of a national call for applications for innovations designed to promote worker rights, worker safety, and lifelong learning. “These innovators
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Portuguese Startup TAIKAI Snaps Up €2 Million for its Blockchain Solution for Open Innovation and Recruitment
The EU-Startups website reported that Portuguese blockchain-based open innovation platform TAIKAI has raised €2 million in a funding round which will fuel the development of hiring solutions for companies and startups. Founded in 2018, TAIKAI started as an open innovation platform, helping Portuguese
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How Firms Use Inbound Open Innovation Practices Over Time
The journal R and D Management noted that the existing research on Open Innovation documents a broad set of practices that firms may use to implement inbound Open Innovation, which entail various degrees of integration with the external partner. There is also empirical evidence showing how firms move
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