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Singapore Rolls Out Open Innovation Platform
The OpenGov website announced that Infocomm Media Development Authority will implement an Open Innovation Platform (OIP) to provide companies with better access to business needs and opportunities. The OIP aims to facilitate innovation and narrow the gap between research and commercialization. It is one of the measures through which the Singapore
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Living African laboratories
The Bizcommunity website reported that adopted globally as an experimental practice for contextual product development, the ‘living lab’ concept being implemented in Africa enables new ideas to be tested in an active, real-world, real-time environment. The findings can lead to open innovation in
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Open Innovation a Driver in Business Growth
The Upstate Business Journal reported that South Carolina company Techtronics Industries (TTI)’s success paints a detailed picture of open innovation’s benefits. The company developed ION (Innovation Outreach Network), an open innovation program targeting three primary audiences: TTI employees,
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Open Innovation a Must in New Drug Development
The Korea Biomedical Review reported that the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Research-based Pharma Industry Association recently held a meeting of the government, pharmaceutical representatives, and experts. “As research and development activities for
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Corporate Innovation and Strategy: Lessons from Silicon Valley
The Digital News Asia website reported that Chris Burry, co-CEO of US Market Access Center, highlights the concept of Open Innovation that is already embedded as a useful innovation strategy especially among large tech players. Dell has its IdeaStorm, a website for its customers to share innovative
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Interview with Samsung CEO Tim Baxter
The Samsung Newsroom website posted an interview by The Economist with Samsung CEO Tim Baxter. The Economist: What is Samsung doing to embrace the idea of “open innovation” without compromising your intellectual property; how do you strike the balance as the CEO? Tim Baxter: Some of that’s going
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Innovation Could Solve Some of our Thorniest Global Problems
An article on the Boston Globe website noted that we cannot solve today’s complex multi-dimensional challenges by foreign aid, by public services, or by philanthropy alone. No one actor has all the answers or the monopoly of good ideas. Cross-sector cooperation — working with the public, private
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Aussie Fintech Wins Barclays’ Global Open Innovation Challenge
The PR Newswire website reported that Aussie trade financing deep technology startup, Trade Ledger finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures Open Innovation Challenge. “Within Barclays UK Ventures, we’re
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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
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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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