Innovation in the Open
An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared ownership of intellectual property (IP) as a way of introducing innovations into a large company. Today, the speed of change and digitalization revolution in so many sectors has made open innovation imperative. The potential benefits from open innovation will drive companies to experiment with new formats and solutions. The pharma industry is increasingly recognizing that early discovery research just cannot be done inside their four walls.
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