How to find the Perfect Partner in OI
The FoodNavigator website noted that Open Innovation used to be just for the likes of P&G and Unilever, but today it’s being embraced by a lot of mid-sized companies in the $100m-$1bn revenue range as well. Companies have been engaging in open innovation since time began. What’s changed since the term ‘open innovation’ was coined in 2003 is that this process has now been formalized as the pressure to get to market earlier with bigger, better and more innovative new products has increased, and companies such as the open innovation intermediary Nine Sigma have provided the tools to help companies get started.
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