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P&G: Corporate Innovation Needs an Outside Perspective
The Next Web website reported that Procter & Gamble built a program around open innovation that actually highlighted the company’s pain points and/or untapped opportunities in order to leverage outside talent and innovation to solve for them. If P&G is looking to innovate in the oral care space, for example, rather than exhausting internal
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NYC Launches Air Quality Challenge
The Smart Cities World website reported that New York City (NYC) has announced a open innovation challenge for individuals and organisations to come up with innovative ideas and technologies to tackle the negative impacts of urban air pollution and the urban heat island effect. “This open innovation
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Hyundai Expands Its Global Base for Open Innovation
The Yahoo Finance website reported that Hyundai is launching an open innovation center named M. Cube in Shenzhen, China, a mecca for Chinese start-ups. The open innovation center aims to discover and invest in global start-ups that have new, future-car technologies. M. Cube will be tasked with discovering
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Open Innovation in the Luxury Field
The Luxury Institute website noted that only a small minority of brands applies open innovation across the luxury landscape. Frequently, luxury goods and services brands are insular and isolated from the best available external talent. They behave like command-and-control fortresses, protecting themselves
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Understanding the Effects of Social Capital on Social Innovation Ecosystems in Latin America
The International Review of Sociology published a study based on the analysis of two pioneering experiences tackling poverty in Latin America: Socialab (from Chile) and Compartamos con Colombia (from Colombia). Both cases are social innovation hubs that promote open innovation processes. Socialab practices
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Open Innovation Labs: How Lockheed Brought Better Security to Fighter Jets
The DevOps.com website reported that Open Innovation Labs were developed by Red Hat as immersive training grounds to help its enterprise customers figure out how to deliver better software, faster. “By working with the Red Hat Open Innovation Labs team, we changed everything—our toolchain, our
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Absorbing In-Bound Knowledge Within Open Innovation Processes
The Emerald Insight website posted a study which investigated the way companies involved in Open Innovation Processes routinize the procedure through which they can absorb in-bound knowledge, using a case study of Fiat Chrysler. In-bound knowledge passes through the phases of acquisition, assimilation,
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What’s Driving the Boom in Early Stage Biotech Funding?
The LabTech website noted that J&J Innovation is one of the many investors that are turning their gaze to the promise of early-stage research. J&J Innovation is following a strategy focusing on supporting ‘open innovation’, an approach that they believe could work where the traditional
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The Pioneer Trail Towards Open Innovation
The 150SEC.com website reported that the Vienna based startup incubator, Pioneers, is holding its annual flagship event, Pioneers 2019, in the Austrian capital from May 9th-10th. The theme for the two-day event is open innovation. A global community of selected startups, executives and investors join
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Wenco, Hitachi Announce Open Ecosystem for Autonomous Mining
The Robot Report website reported that Hitachi Construction Machinery Co. announced its vision for autonomous mining — an open, interoperable ecosystem of partners that integrate their systems alongside existing mine “Open innovation is the guiding technological philosophy for Solution Linkage,”
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