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Digital Strategy to Reimagine Your Business
The Innovation Excellence website noted that open innovation can work in many but not all situations. Open innovation is best suited for well-defined problems that can usually be broken into smaller tasks with a clear goal. An ambiguous problem such as “what is the future of banking” is not well-suited for open innovation. In contrast, NASA successfully
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Involving Experts and Patients to Define Research Missions
The Euroscientist website reported that the Ludwig Boltzmann Gesellschaft (LBG) — a Austrian research organisation located in Vienna — is currently experimenting with Open Innovation in Science to systematically steer missions for their future research groups. Open Innovation in Science has been
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Achieving Success When Partnering With Startups
An article on the Forbes Magazine website reported that a study published last year by The European Academic Network for Open Innovation highlighted the extent of involvement in innovative activities. One of the most popular forms of innovation activity is partnering with startups in some way. The rationale
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Lawson: Dig Deeper into Your Customer Base
The Web In Travel website reported that in trying to build a convenience store for the future, Lawson, which has more than 14,000 stores throughout Japan, knew it would have to look outside its own walls and bring in innovation from the outside. When it became increasingly obvious that “innovation
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New Solutions to Defense and Security Challenges
The Imperial College of London website noted that Dr Lucy Mason, Head of England’s Defense and Security Accelerator (DASA), said: “I am excited to see this new phase in the development of DASA. Our presence at I-HUB gives us access to innovative start-ups and world class academics across a wide
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Revolutionary Thinking in Pharma
The PharmaPhorum website noted that reliance on outmoded operating procedures, outdated infrastructure and ways of working is one of the biggest threats facing pharma companies. To overcome this the Janssen company has established innovation centers in the major science hot-bed cities across the
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High Tech Automotive Campus Helmond and Open Innovation
The Innovation Origins website reported that the High Tech Automotive Campus Helmond in the Netherlands is a meeting place of more than 600 engineers and researchers, 100 automotive students from different educational levels, and 42 companies and organizations who collaborate on smart, safe, and sustainable
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Ways Your Entrepreneurial Mindset Can Disrupt Industries
The Business.com website noted that it’s important for legacy companies to interact directly with the startup and entrepreneurial ecosystem. By engaging entrepreneurs, you will get a first-hand look at the way startups approach problems with new solutions. You can then use those insights to inform
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Nestlé’s Open Innovation Platform: Two Years Of Creative Solutions
The ESM magazine website reported that Nestlé announced that Henri@Nestlé, the Swiss-based food giant’s open innovation platform, is celebrating two years of ‘innovative solutions’ to challenges businesses face. The platform has launched 12 projects over its two-year lifespan, receiving
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Open Innovation and the Future of Colorado Media
The University of Denver website reported that a project has been launched to develop a business plan and prototype for a sustainable, scalable independent statewide digital news medium for Colorado. Spurred in part by the continued decline of daily newspapers, the project’s participants will use
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