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Open Science and Open Innovation

Open Science and Open Innovation

By • on December 26, 2016

The SSRN website posted the abstract of a paper by Joel West on Open Science and Open Innovation: Sourcing Knowledge from Universities: “In this chapter, we investigate how firms work with universities in the course of their innovation activities. We provide an overview of three main modes of direct interaction between firms and universities:

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Open Innovation Case Studies

Open Innovation Case Studies

By • on December 22, 2016

The IMI website announced a symposium at the 6th Pharmaceutical Science World Congress: “Putting open innovation into practice–case studies from Europe”. The congress will take place in Stockholm, Sweden, on on May 21 to 24, 2017. IMI is working to facilitate open innovation among the

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Hard Truth About Business Model Innovation

Hard Truth About Business Model Innovation

By • on December 10, 2016

The website Safairbooksonline posted a summary of the new book “The Hard Truth About Business Model Innovation” by Clayton M. Christensen, Emily Snyder, Derek van Bever and Thomas Bartman. The authors describe the development of a business model across time as a journey whose progress and

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An Alliance Portfolio for Innovation in the Auto Industry

An Alliance Portfolio for Innovation in the Auto Industry

By • on December 7, 2016

A study in the Journal of Open Innovation concluded that companies promoting innovation must preferentially adopt an open innovation strategy. In particular, companies should maintain a long-term cooperative partnership with a clear goal of technology acquisition, reduce alliance portfolio management

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A Guide to Open Innovation and Crowdsourcing

A Guide to Open Innovation and Crowdsourcing

By • on November 27, 2016

The Amazon site reported on the book, “A Guide to Open Innovation and crowdsourcing”, noting that the model of industrial innovation has moved on from an inwardly focused, vertically integrated approach–a closed innovation system. Open innovation today prevails, as organizations make

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Open Science and Open Innovation

Open Science and Open Innovation

By • on November 8, 2016

The SSRN website posted an abstract of a chapter of the new book “Open Science and Open Innovation: Sourcing Knowledge from Universities” by Joel West and Markus Perkmann. The chapter investigates how firms work with universities in the course of their innovation activities. It provides an

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Four Essential Steps Towards Open Innovation Success

Four Essential Steps Towards Open Innovation Success

By • on November 4, 2016

The Creax website noted that although ‘open innovation’ is the talk of the town in R&D circles, leveraging external sources of innovation remains challenging for most companies. In 2013, researchers Dr. Joel West and Dr. Marcel Bogers suggested a four-phase model for inbound innovation projects.

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Disruptive Growth in the Digital Age

Disruptive Growth in the Digital Age

By • on November 3, 2016

The InformationAge website reported that research indicates that large businesses expect the proportion of their revenues generated by collaboration with entrepreneurs to rise from an average of 9% today, to 20% in five years. This type of open innovation is ‘critical’ to future business performance

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Third Annual World Open Innovation Conference

Third Annual World Open Innovation Conference

By • on November 1, 2016

The Newswise website reported that Henry Chesbrough will host the Third Annual World Open Innovation Conference in Barcelona, at the ESADEFORUM on ESADE’s Pedralbes campus on Dec. 15-16, 2016. At the conference Carlos Moedas, EU Commissioner for Research, Science, and Innovation and one of the WOIC’s

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Deloitte: Open Innovation Success Rate 3 Times Higher Than In-house R&D

Deloitte: Open Innovation Success Rate 3 Times Higher Than In-house R&D

By • on October 8, 2016

The Knowledge website reported that the knowledge intensity and speed of biotechnology has shifted the locus of innovation to a network rather than within any single firm. This is causing pharmaceutical firms to look for new ways to tap into innovative sources of drug development outside their organizational

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