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Schneider Electric Rolls Out GenNext Buildings’ Platform
The Trade Arabia website reported that Schneider Electric, a global leader in digital transformation of energy management and automation, has announced the next generation of EcoStruxure Building, the industry’s first open innovation platform of buildings. A part of Schneider Electric’s EcoStruxure Architecture, the product is the company’s
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Team “AUTOmator” Wins Porsche Open Innovation Competition
The EIN News website reported that Steffen Iwan, Christian Brachert and Valentin Rüchardt, aka team “AUTOmator”, have been crowned the winners of the “Porsche NEXT Open Innovation Competition” with their idea of linking apps with the Porsche vehicle and making them work for the driver automatically.
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Decoding the Digital BLUR
The ETCIO website noted that in the industrial age, the emphasis is about the product. In the digital age, it’s about creating experiences. In the industrial age, power is derived from authority. In the digital age, power comes from the influence you have in the market or the community that you built
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Singapore Rolls Out Open Innovation Platform
The OpenGov website announced that Infocomm Media Development Authority will implement an Open Innovation Platform (OIP) to provide companies with better access to business needs and opportunities. The OIP aims to facilitate innovation and narrow the gap between research and commercialization. It is
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Living African laboratories
The Bizcommunity website reported that adopted globally as an experimental practice for contextual product development, the ‘living lab’ concept being implemented in Africa enables new ideas to be tested in an active, real-world, real-time environment. The findings can lead to open innovation in
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Open Innovation a Driver in Business Growth
The Upstate Business Journal reported that South Carolina company Techtronics Industries (TTI)’s success paints a detailed picture of open innovation’s benefits. The company developed ION (Innovation Outreach Network), an open innovation program targeting three primary audiences: TTI employees,
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Open Innovation a Must in New Drug Development
The Korea Biomedical Review reported that the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Research-based Pharma Industry Association recently held a meeting of the government, pharmaceutical representatives, and experts. “As research and development activities for
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Developing a Competency Model for Open innovation
The Emerald Insight website posted a study which which focuses on competency sets for open innovation (OI) and provides recommendations for OI competency development in companies.The authors develop a generic OI competency model applicable across industries, combined with organizational implications
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Open Innovation and External Sources of Innovation.
The Journal of Translational Medicine noted that historically, research and development (R&D) in the pharmaceutical sector has predominantly been an in-house activity. In recent years, multiple extrinsic and intrinsic factors induced an opening for external sources of innovation and resulted in
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Corporate Innovation and Strategy: Lessons from Silicon Valley
The Digital News Asia website reported that Chris Burry, co-CEO of US Market Access Center, highlights the concept of Open Innovation that is already embedded as a useful innovation strategy especially among large tech players. Dell has its IdeaStorm, a website for its customers to share innovative
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