Section » Innovating Companies
Tokyo Gas Innovation Group Builds Presence on U.S. East Coast
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 Gas with startups on both coasts that present
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8 Open Innovation Prize Recipients: Where They Are Now
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
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
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
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
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
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
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
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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