Proposal-Based Innovation: A New Approach to Opening Up the Innovation Process

By • on May 5, 2020

The book Innovative Technologies for Market Leadership has a chapter on Proposal-Based Innovation which noted that  Open Innovation (OI), is widespread in nonmanufacturing industries such as software. In manufacturing, however, OI is largely rejected mainly due to high intellectual property (IP) protection requirements. This chapter describes an approach that can break through this aversion of manufacturers. The first step is to make the innovation activities of manufacturers transparent in a wide variety of industries and in a structured way. The second step is to use artificial intelligence to turn the extracted structured facts into concrete creative proposals for innovation and cooperation between different manufacturers in order to stimulate the innovation process in new ways.

Click here to read the abstract of  article.

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