Ohio State Government Promoting Open Innovation
The Crowdsourcing website notes that for companies looking to thrive, innovation is a must, especially for those that rely on advanced technologies. Governments recognize this and promote innovation through things like research and grants, but few have gone as far as the Ohio state government to promote the innovation process itself. In 2002, the Ohio Development Services Agency (ODSA) launched the Ohio Third Frontier initiative, whose aim is to create an innovation ecosystem in Ohio. One of its newer programs is the Open Innovation Incentive , which seeks to incentivize and assist Ohio middle market companies with in-sourcing innovations needed to overcome technical obstacles with a next-generation or new product, service, or process. “The goal is to use open innovation to accelerate time to market and reduce development costs so that new generation products and services can be brought to market quicker,” said ODSA’s Katie Sabatino.
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