Section » In Practice
Translational Health Science Environments
The BuildingDesignConstruction website noted that simply putting researchers and clinicians in the same building with hopes that serendipitous collaborations will ensue will often not yield the outcomes organizations seek. Based on our experience, we have found that success often depends on building an open innovation ecosystem — a living lab that
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Open Innovation Contestants Build AI-Based Cancer Tool
The Harvard Business School’s Working Knowledge website reported that the Laboratory for Innovation Science at Harvard (LISH) has a long history of working together with Harvard Catalyst at Harvard Medical School to identify interesting innovation and process problems in translational biomedical
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BAE: A Radically Different Way For Defense Innovation
The Forbes website reported that BAE Systems, the U.S. arm of Britain’s biggest aerospace and defense conglomerate, has created an organization within its Electronic Systems unit called FAST Labs that combines funding from federal research centers with venture capital and commercial technology incubators
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How to Stay Agile in a Fast Changing World
The YourStory website noted that with companies going digital, they are able to directly connect with customers and engage with them to co-develop products, understand their challenges, and get new ideas going using crowdsourcing, open innovation, and communities. The close engagement with customers
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Japan to Form 40-Company Alliance for Open Innovation
The Asian Review website reported that Toyota Motors and about 40 other leading Japanese companies will create a framework for sharing technologies and business ideas to spur innovation, joining a growing global trend for collaborative development. Japanese companies have traditionally taken a go-it-alone
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Debunking the Myths of Open Innovation
The IPI website noted that the barriers to open innovation are lower than you think. We’re here to debunk some of these myths surrounding OI and highlight how an OI approach to business growth is more accessible and implementable than you think. Myth #1: A small company can’t reap the benefits
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Building an Ecosystem of Partners
The Engineer website posted a article which noted that a successful future means integrating with partners in a collaborative ecosystem. Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better
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Explorer Challenge To Predict Next Big Mineral Deposit in South Australia
The Mining.com website reported that energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining
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NASA and Harvard Agree: ‘Think Different’
The Innovation and Tech Today website reported that to NASA, Harvard, and a myriad of other successful organizations, thinking different often means leveraging the efforts and ideas of outsiders or “non-traditional participants.” NASA stories of “Open Innovation” have been researched — and
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When Biz Model Innovation Comes Full Circle
The China Daily website noted that China’s creation of some of the world’s best-known tech-world abbreviations like BAT – short for Baidu, Alibaba and Tencent – can be pinned to the power of the internet. BAT have overhauled traditional commercial business models by expanding
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