Examples Of Open Innovation To Stimulate R&D
The SeekingAlpha website reports recent research which identified four different types of corporate environment in addressing the potential of open innovation. Technology isolationists, (36 percent of the respondents), invest solely in their own R&D and are not interested in tapping outside wisdom ; Technology fountains, (27 percent of the total), generate their own research discoveries that they license to a network of partners for further development; Technology sponges, (21 percent of the respondents), that are open to product development ideas from outside entities, but do little (if any) outbound licensing of their intellectual property. Technology brokers (the smallest of the four segments with 16 percent of the companies), that both seek product and service ideas from outside sources and out-license their discoveries for further development with partner enterprises.
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