UK: Why We Need to ‘Share the love’ on Innovation

The UK News Today asked the question, “What can government do to support an open innovation network?” First of all, it can develop policies to support enterprises in assessing and improving their networking skills by fostering knowledge development and competences in these areas. This can be done by providing information or by disseminating best practices in open innovation practices which currently is not been doing at any scale. It can also directly target the interaction between open innovation partners by fostering partnerships and encouraging greater collaboration through funding innovation competitions. Open innovation can offer great opportunities for businesses large and small across the UK and one would hope that as we look to boost competitiveness after the Covid economy, policymakers will work together with universities and industry to develop an environment in which open innovation is not only encouraged but is fully supported for the benefit of our economy.

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