Partnerships in an Open Innovation Strategy
The Food Science and Technology Journal noted that partnering between organizations to develop technology is as old as the joint venture, the license agreement, and the patent itself. Often people ask what is new about open innovation – haven’t we always done this? The answer is yes and no. While many of the tools of open innovation are certainly not new, as the pressure on innovation to deliver has increased, so has the need to partner – and partner well. Although partnerships between academia, start-ups and corporates are nothing new, a much greater focus from industry on open innovation is a recent phenomenon. But it’s not just the tools that are new – it’s also the mind-set.
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