Open Innovation Models For India
The mbaskool website posted an article by Pranav Saraswat and Shweta Gupta which notes that open innovation models are gaining popularity in India but there has been a dearth of innovation. What needs to be done further is to communicate about this platform to more innovators and problem solvers all over India. A number of companies have already tied up with academic institutions for getting innovative ideas. Also, companies should start designing programs encouraging college students at the undergraduate level to participate in solving their business challenges. Organizations can also provide funds to the most innovative ideas, which will further motivate individual innovators to work towards developing a prototype based on their ideas.
Click here to read the full article.
