The Open Innovation Renaissance
The Manufacturer website noted that prize competitions have long been used to solve problems. But despite their usage in the 1800s and 1900s, prize competitions languished throughout much of the 20th century. However, a communications and information-driven renaissance is driving a resurgence in open innovation that is taking it from an occasionally-used,
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Using Web 2.0 Technologies to Connect Innovation Partners
The website AltTox.org reports that the concept of open innovation, to leverage internal and external resources for the creation of new products and technologies and then using the most appropriate business model for marketing the new innovations, had been in practical use within the R&D laboratories