Section » Innovating Companies
How Innovation Can Solve Society’s Problems
The SwissInfo website noted that there are more and more problems in the world where open innovation is the only strategy that works. For example, without open science, CERN wouldn’t be able to process the massive amount of data coming out of the Large Hadron Collider. Today, open innovation usually just means tapping into the potential of large communities
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Henry Ford’s Model of ‘Change’
The SCMP website noted that open innovation is a solution that can benefit all types of businesses. It can help multinationals that welcome startups, university students and eco-system businesses into their fold to assist in improving processes, rethinking services, products and customer interaction.
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Nestle: Committed to Working With Start-Ups
The BQLive website quoted Gerardo Mazzeo Global Innovation Director at Nestle: “As the world becomes ever more interconnected, we as companies are beginning to realize the benefits of looking beyond our own walls for new ideas. No longer is innovation limited to the internal R&D team, but we
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New York City Fuels FinTech Innovation
The Baseline website reported that an open innovation framework established by the Partnership for New York City, Accenture and financial institutions spurs tech advances and economic gains. For most business and IT executives, today’s furious rate of technology change represents both opportunities
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First Petrochemicals Complex in Vietnam
The Vietnamnet website reported that the Siam Cement Group (SCG), the second largest company in Thailand, has recently approved investment in the first petrochemicals complex in Vietnam, Long Son Petrochemicals, with a 71 per cent stake and investment of $5.4 billion, with the Vietnam Oil and Gas Group
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Europe has Untapped Medical Innovation
The PharmaPhorum website noted that the ‘open innovation’ strategy is being pursued by all the big pharma companies – and now it’s simply a matter of who executes best on this approach. This is one of the boldest efforts in big pharma to create relationships with entrepreneurs, scientists and
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MIT’s 2017 Global Challenges
The MIT News website reported that MIT’s initiative that brings together problem-solvers of all stripes to tackle the world’s pressing problems — has four new global challenges for 2017: brain health; sustainable urban communities; women and technology; and youth, skills, and the workforce of the
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GE Innovation Lab: FirstBuild
The Harvard Business Review website noted that large traditional organizations now struggling to adapt to the fast-paced, risk-filled digital age would do well to consider FirstBuild, an experiment at GE Appliances that is showing real promise. FirstBuild is an open community of industrial designers,
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How to Find New Ideas Inside and Outside the Company
The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range
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Fazer Seeks to Build Innovation Ecosystem
The FoodIngrediantsFirst website reported that Fazer, a large Finnish food industry company, is working to build an innovation ecosystem in the food industry. “A more open and collaborative innovation approach can produce cross-disciplinary new growth opportunities for the entire food industry.
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