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Technology Based Firms, Strategic Alliances and Open Innovation

Technology Based Firms, Strategic Alliances and Open Innovation

By • on September 1, 2015

An article in the Journal of Global Entrepreneurship Research examines the impact of strategic partnerships and open innovation  on the success of new biotechnology firms by developing multiple case studies of firms in regional biotechnology clusters. The study finds that, despite their small size and relative immaturity, new biotechnology firms are

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Solving Healthcare Problems

Solving Healthcare Problems

By • on August 31, 2015

The MobiHealthNews website noted that so often within healthcare we operate largely within silos, and that collective approach, that open innovation approach, allows our members to sit on the same side of the table as provider, payer, pharma, technology company and work on the same problem together.

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Why Luxury Brands are Embracing Open Innovation

Why Luxury Brands are Embracing Open Innovation

By • on August 28, 2015

The Information Age website reported that several factors have led to rise of open innovation and the erosion of ‘closed’ innovation – the mobility and availability of highly educated people have increased, so large volumes of knowledge exist outside the research centers of large companies and

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Open Innovation: Getting Better Ideas

Open Innovation: Getting Better Ideas

By • on August 27, 2015

The Harvard Business Review website noted that if you gather consumers consumers together to generate ideas, you’ll usually get more participation and more creativity than if you asked those same people individually to put ideas in a suggestion box. But these gatherings quickly find their creativity

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Open Innovation: Working Together

Open Innovation: Working Together

By • on August 26, 2015

The Imagination at Lancaster (University) website reports that as part of the Optex project with the Swedish research Institute Innventia, Leon Cruickshank traveled to Stockholm to give a keynote presentation on the benefits (and perils) of Open Innovation. This presentation demonstrated how the academic

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Honda on Open Innovation

Honda on Open Innovation

By • on August 25, 2015

The Wall Street Journal website reported that Honda, which has had a presence in Silicon Valley since 2000, said its expanded R&D facility there would focus on open innovation, working with entrepreneurs and other companies involved with new technologies. To do that, Honda has launched a new open

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Pathways to Efficient Drug Development

Pathways to Efficient Drug Development

By • on August 21, 2015

The Netgadget website reported that collaboration and open innovation will play increasingly important roles in the future by enabling research that would not be possible for companies to undertake individually. Many examples exist, driven in large part by the FDAs Critical Path Initiative and the European

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Fighting for Innovation Attention

Fighting for Innovation Attention

By • on August 20, 2015

The Innovation Excellence website reported that Apple, Lego, Philips, Samsung, IBM, GSK and, recently, Tata Steel, among many others – all have adopted open innovation initiatives to expand their organizations’ horizons. Open innovation allows you to break down more traditional corporate walls and

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Opening Up Food Science Innovation

Opening Up Food Science Innovation

By • on August 18, 2015

The Food Business News website noted that food scientists in the 1970s and 1980s worked in a closed innovation model. Companies protected intellectual property and trade secrets. Food scientists concentrated on product innovation designed to grow a company’s brand through market share. Now, Hamsa Thota,

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Accenture Backing Research on Innovation

Accenture Backing Research on Innovation

By • on August 18, 2015

The Inside Philanthropy website reported on the progress of Accenture’s Open Innovation Program. Accenture, the world’s biggest technology and management consulting firm, announced the program late last year. It is designed to be a bridge in what it calls the “innovation ecosystem,”

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