Section » Open Innovation

Open R&D Models Increase Chances for Late-Stage Success

Open R&D Models Increase Chances for Late-Stage Success

By • on June 30, 2015

The Virtual Press Office website reported that Deloitte has released a report showing that drugs sourced via open innovation are three times more likely to achieve late-phase clinical success versus those cultivated under an in-house, closed-model approach. The study also asserts that open innovation may emerge as a quicker and less expensive avenue

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Open Innovation to Advance Mining Sector in Chile

Open Innovation to Advance Mining Sector in Chile

By • on June 30, 2015

The Multilateral Investment Fund (MIF) website reported that MIF has recently approved a $1.6 million technical cooperation grant for a project to be implemented by the Chile Foundation that will seek to foster innovation in Chilean mining, improving the competitiveness of 500 local small and medium

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2nd Annual World Open Innovation Conference

2nd Annual World Open Innovation Conference

By • on June 23, 2015

The 2nd Annual World Open Innovation Conference provides a forum for industry professionals and academic scholars to network and engage with Open Innovation practitioners, and dialogue with world-renowned Open Innovation experts who share relevant research and expertise in their industry. Gain insight

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Open Innovation for the Electric Vehicle Market

Open Innovation for the Electric Vehicle Market

By • on June 23, 2015

The IPWatch website reported that Ford has announced that they wish to promote innovation and increase the rate of adoption of Electric Vehicle technology by licensing their patents. “Innovation is our goal,” said Kevin Layden, director, Ford Electrification Programs. “By sharing ideas, companies

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NASA Uses Crowdsourcing for Open Innovation Contracts

NASA Uses Crowdsourcing for Open Innovation Contracts

By • on June 15, 2015

The SpaceRef website reported that NASA is turning to the public and crowdsourcing for outside-the-box thinking about human space exploration challenges with a series of 10 new NASA Open Innovation Service Contracts. “This approach is designed to enlist the public’s help in tackling some

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Open Innovation: Stimulating Regional Economic Development

Open Innovation: Stimulating Regional Economic Development

By • on June 12, 2015

The Innovation Excellence website noted state and local governments, along with business associations, are feeling increased pressure to find new ways to foster regional growth through innovation. It has become clear that simply providing financial incentives doesn’t solve the real need for faster,

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Thomson Reuters Analysis Shows  Trend for Global Innovation

Thomson Reuters Analysis Shows Trend for Global Innovation

By • on June 11, 2015

The Sys-Con Media website reported on a study by Thomson Reuters which showed that businesses are embracing Open Innovation. Across virtually every industry studied, the trend toward open innovation, whereby companies partner with academic institutions, individual researchers and other companies (in

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Making Open Innovation a Success

Making Open Innovation a Success

By • on June 11, 2015

The Tech World website noted that while the term “Open Innovation” has been evangelized since first being coined in 2003 by Henry Chesbrough, it’s particularly relevant today. The increase in computing power, access to cloud infrastructure, open sourced code and platforms, coupled with other technology

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CMO Council Announces  Launch of Global Innovation Ecosystem

CMO Council Announces Launch of Global Innovation Ecosystem

By • on June 5, 2015

The Medical News website reported that The Chief Marketing Officer (CMO) Council has announced the launch of a global CauseTech.net community and portal site, which is part of a new private sector initiative to crowdsource breakthrough ideas, inventions, products, and emerging technologies that can advance

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How Lego Harnessed Diversity to Build an Innovation Culture

How Lego Harnessed Diversity to Build an Innovation Culture

By • on June 3, 2015

The Chartered Management Institute website reported that through the “LegoIdeas” crowdsourcing platform, Lego has found a way to directly engage with customers and gain powerful insights into their demands. The open innovation platform allows Lego fans to submit their ideas for new toys,

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