Section » In Practice
User-Driven Innovation
The DT News website noted that innovation with users is a key feature of sustainable firms that are keen to add-value and access new markets. Innovation driven by insight from users and customers helps firms and public sector to devise sound products that meets users’ needs. The pioneering work of MIT professor Eric von Hippel, Democratizing Innovation,
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Are You Open to Open Innovation?
The MDDI website reported that Pfizer and the Institute of Pediatric Innovation organized an open innovation (OI) competition in hopes of addressing an ongoing challenge: administer multiparticulate medicines to children more easily. HS Design, a design firm specializing in medical devices and life sciences,
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Nottingham BRC Signs for Open Innovation Platform
The Labmate website reported that leading research teams at the NIHR Nottingham Biomedical Research Centre are to collaborate over the next two years with their counterparts in the IMED Biotech Unit at global biopharmaceutical company, Astra Zeneca. Nottingham is the first NIHR Biomedical Research
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Shenzhen, China: The next Silicon Valley?
The Information Age website reported that the telecommunications giant Huawei has committed $400 billion to R&D over the last ten years, and other companies are following this trend – placing the ethos of innovation at the heart of Shenzhen’s business and social culture. The organisation’s
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Rambus, IBM to Develop Hybrid Memory System Architectures
The Businesswire website reported that Rambus Inc. is collaborating with IBM to research hybrid memory systems. Rambus will leverage IBM’s POWER9 processor and its OpenCAPI high performance interface to build a Hybrid Memory and development subsystem prototype. “IBM is excited to collaborate with
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Hitachi Invests in Venture Capital Fund to Accelerate Open Innovation
The Asia One website reported that Hitachi has agreed to invest in a fund managed by Geodesic Capital, a venture capital company active mainly in Silicon Valley. By investing in this fund, Hitachi will help to accelerate open innovation with startup companies in Silicon Valley using Geodesic Capital’s
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Swedish Firms Partner to Build Open Innovation Platform for Energy Projects
The Clean Technology Business Review website reported that InnoEnergy Scandinavia, KTH Innovation and Stockholm Innovation & Growth have partnered to build an open innovation platform for energy-related projects. The goal is to coordinate and facilitate the contact between early-stage companies and
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AstraZeneca CEO Heralds New Era of Collaboration
The Cambridge Independent website reported that AstraZeneca CEO Pascal Soriot announced that the company’s advanced drug discovery robot, NiCoLA-B, will be housed in the biopharmaceutical company’s new £500million global research and development center, heralding a new era of openness and
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Henry Chesbrough on Barriers, Success Stories, and Business Unit Support
The Innovation Leader website posted an article in which Henry Chesbrough discusses why the “inside-out” approach is more challenging for most companies; how open innovation is being practiced at companies like Intel, Eli Lilly, Bayer, and United HealthCare; and some of the common barriers to making
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Evotec, Sanofi on Infectious Disease Research Agreement
The Pharmaceutical Business Review website reported that the major drug companies Evotec and Sanofi are in exclusive negotiations to create an infectious disease open innovation research and development platform through a new open innovation platform near Lyon in France. The platform will be led by
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