Sharing Open Innovation Risks and Rewards

By • on August 1, 2012

The gantdaily website reports that a growing trend in collaborative health research is creating potentially life-saving global partnerships between pharmaceutical companies, academic researchers, disease advocates, and even the general public.  The challenge is to create projects that are simple and allow a streamlined process for organizations to participate. [Open innovation partnerships could] significantly reduce trial and error, and lead neglected disease researchers to that “Eureka” moment more quickly and effectively. Partners – who might once have been competitors – are increasingly sharing expertise, intellectual property and financing.

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