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Connect and Compete Through Open Innovation

Connect and Compete Through Open Innovation

By • on July 20, 2017

The MDDI website noted that open innovation has become a mainstream practice for most technology-driven companies looking to accelerate time to market and stay ahead of the competition; and added if you are a medical technology manufacturer considering open innovation as a strategy within your innovation program, there are three advantages to consider.

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Companies Adopting Open Innovation Models

Companies Adopting Open Innovation Models

By • on July 19, 2017

The IT Online website reported on a new PwC survey of over 1,200 global executives and business leaders. The aim of the study was to understand how these business leaders view innovation and what they are doing to better reap its rewards. The study found that companies are embracing open innovation models:

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Open Innovation: The Way Forward For The Legal Industry

Open Innovation: The Way Forward For The Legal Industry

By • on July 18, 2017

The Lexology website posted an article in which the legal firm Corrs, Chambers, Westgarth described how it has been able to evolve and refine its delivery of legal services by embracing an open innovation approach to their technological advancements, saying “we strongly believe this strategy is

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Re-Invent Open Innovation to Apply to Small Firms

Re-Invent Open Innovation to Apply to Small Firms

By • on July 14, 2017

The Science|Business website noted that finding good examples of open innovation in small companies is difficult. It seems it is not yet common practice and the management tools available to support collaborations have been developed to suit the needs of large companies. As a result, many SMEs are struggling

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Rafael Nadal Academy To Develop 3 Sports Technology Startups

Rafael Nadal Academy To Develop 3 Sports Technology Startups

By • on July 12, 2017

The SportTechie website reported that Rafael Nadal’s tennis academy has announced three winning startups from a competition it held to uncover and support sports technology companies. The competition, supported by Movistar and Telefonica’s “Open Future” initiative announced the winners as iAltituse,

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4 Types of Innovation and the Problems They Solve

4 Types of Innovation and the Problems They Solve

By • on July 11, 2017

The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation.  Many believe it is just these kinds of unlikely combinations that are key to coming up

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The Collaborative Nature Of Healthcare Innovation

The Collaborative Nature Of Healthcare Innovation

By • on July 10, 2017

The Forbes website noted that in healthcare, technologies as diverse as robotics and the Internet of Things, big data and machine learning are having as big an impact as bioinformatics and biology. Belgian pharmaceutical company UCB is an interesting example of a company attempting to stay on top. Open

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Nokia: Wide Open to Co-creation

Nokia: Wide Open to Co-creation

By • on July 7, 2017

The Nokia Networks blog noted that today, R&D resources are not sufficient to answer all customer demand and master new emerging technologies. Collaboration with third parties is mainly done on demand and only a very small part of the ecosystem capabilities is leveraged. Looking forward, we are convinced

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Mattel Embraces Open Innovation

Mattel Embraces Open Innovation

By • on July 6, 2017

The Inc. website noted that toy industry leaders have largely practiced a limited form of open innovation by relying on intermediaries and maintaining a guarded attitude toward outsiders. However, that’s changing. Mattel teamed up with ABC to launch  The Toy box, a reality television show in which

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Corporate Innovation & Business Strategies Out of Sync

Corporate Innovation & Business Strategies Out of Sync

By • on July 5, 2017

The Consultancy website reported that a new study has found that business strategy and innovation strategy are often not aligned, creating risks of lost revenue, market position and waste. The report highlights a wide range of effort may be required to create a company friendly to innovation. Open innovation

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