Success With Open Innovation Portals

By • on April 23, 2014

The Idea Connection website noted that the high costs associated with R&D functions, the equally high risk of failure and uncertain economic conditions has led to an increase in the adoption of open innovation methods. They include technology scouting, partnerships, knowledge brokering, idea contests and crowdsourcing. One approach that’s been gaining a lot of traction recently is the open innovation portal. This is an online platform where suppliers, partners and even the general public can submit technologies that may be of interest to a company.

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