The Best of Both In-House and Outsourced Tech Scouting
The IAM website noted that organisations around the world today are scouting technologies outside their walls to find solutions to their innovation problems and to create successful products and solutions. If your aim is to tap the potential of open innovation approach, scouting for ideas outside your company will play a crucial role. However, this
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Monetize or Die
The RTInsights website noted that in a fast-moving world of open innovation, there is no reason to limit your overall inventive abilities to be proportional to the size of your teams. Building a gateway channel to a smartly envisioned “open platform” approach with Software Development Kits (SDKs)
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SAP, Telefonica & Virgin Voted Top 3 European Startup Supporters
The Telecompaper website reported that SAP, Telefonica and Virgin have been selected as Europe’s top three “startup-friendly” companies in SEP Europe’s Corporate Startup Stars ranking. The “Corporate Startup Stars” ranking established by open innovation advisory firm Mind the Bridge and innovation
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Small is Smart for this Village
A blog on the Garwood Center for Corporate Innovation at the U. of California Berkeley website reported that Mori, a small village in India is to turn ‘smart’ in December, using digital tools, real time information and uninterrupted internet connectivity. The Innovation Society of the local government
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Leverage Open Innovation To Expand Capabilities
The Forbes website noted that when Microsoft launched Kinect for the Xbox in 2010, it quickly became the hottest consumer device ever, selling 8 million units in just the first two months. Like Microsoft, many firms today are embracing open innovation to expand capabilities. Cisco outfoxed Lucent not
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Open Innovation: Stimulating Regional Economic Development
The Innovation Excellence website noted state and local governments, along with business associations, are feeling increased pressure to find new ways to foster regional growth through innovation. It has become clear that simply providing financial incentives doesn’t solve the real need for faster,
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15 Examples of Open Innovation between Big Companies & Startups
The Innovation Excellence website notes that big companies like GE, Cisco or Microsoft tend to have 8-10 different value pools (think suppliers, startups, customers or universities) to consider for their open innovation efforts. The challenge is that even companies that are good at open innovation only
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Five Innovation Rules
An article on the Chicago Tribune website listed “Five Innovation Rules.” One of the key rules is “Openness Trumps Secrecy.” The article cites Cisco which rather than maintaining a large R&D effort, scanned the world for smart technology developed by other companies. Often,
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New Report IDs Best Practices for Open Innovation
The Yahoo Finance website reported on a new research study–Open Innovation: Enhancing Idea Generation Through Collaboration—that outlines what several leading organizations–including General Mills, British Telecom, Cisco Systems, Corning, and Amway– are doing to more effectively
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Costs and Benefits of Open Innovation
An editorial on the Crowdsourcing website notes that sourcing ideas from outside a company’s own R&D department taps a larger pool of contributors who work on the promise of potential partnership in the future, not a guaranteed salary. But all costs aren’t readily apparent at first. Aside
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