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Time to Light a Fire: Building a Culture of Innovation

Time to Light a Fire: Building a Culture of Innovation

By • on September 17, 2018

The Industry Week website posted an article which stated “Think outside your company’s walls. As R&D continues to grow within the private sector, companies will be better suited by opening doors to outside expertise. Open-source coding is revolutionizing the software industry; similarly, manufacturing companies must embrace open innovation

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Tokyo Gas Innovation Group Builds Presence on U.S. East Coast

Tokyo Gas Innovation Group Builds Presence on U.S. East Coast

By • on September 11, 2018

The Markets Insider website reported that in early 2017, Tokyo Gas implemented an open innovation strategy and began establishing company outposts in leading innovation hubs around the world. Planting roots in new locations including Menlo Park, CA, and Boston, MA, is an effort to better connect Tokyo

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8 Open Innovation Prize Recipients: Where They Are Now

8 Open Innovation Prize Recipients: Where They Are Now

By • on September 5, 2018

The Luminary Labs website noted that while the explicit purpose of an open innovation competition is to surface a winner, success can extend far beyond the timeline of the challenge. After conducting a survey of prize recipients, we have found that almost all (92%) of teams continued developing their

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Yonsei Creates Biomedical R&D Advisory Center

Yonsei Creates Biomedical R&D Advisory Center

By • on September 3, 2018

The Korea Biomedical Review website reported that Yonsei University Health System has created a research and development advisory center called ALYND to foster cooperation in the biopharmaceutical sector. The center will work to bring together industry, hospital, and academic officials to work towards

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Accenture  Betting on Computer Vision in Asia

Accenture Betting on Computer Vision in Asia

By • on August 31, 2018

The WARC website reported that Accenture, the global consultancy, has formed a strategic alliance with and has invested in the computer-vision start-up Malong Technologies, in a move that hints at the company’s China growth strategy and its belief in the commercial application of AI. The deal is Accenture

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How to Create a Strategic Partnership to Spur Innovation

How to Create a Strategic Partnership to Spur Innovation

By • on August 22, 2018

The Business to Community website noted that just as people are motivated by the company they keep, companies are influenced by the partnerships they embrace. Those hoping to innovate would be wise to look beyond their own walls and form partnerships with universities, startups, and other industry players. Working

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Establishing Open Innovation Culture in Cluster Initiatives

Establishing Open Innovation Culture in Cluster Initiatives

By • on August 21, 2018

The Science Direct website posted a research paper which studied the performance of firms located in clusters. It examined inbound and outbound open innovation in terms of organizational culture in a geographic cluster. It found that agglomeration effects lead to higher trust and information asymmetries

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Innovation in the Open

Innovation in the Open

By • on August 16, 2018

An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared

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Digital Strategy to Reimagine Your Business

Digital Strategy to Reimagine Your Business

By • on August 11, 2018

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

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Involving Experts and Patients to Define Research Missions

Involving Experts and Patients to Define Research Missions

By • on August 10, 2018

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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