Igniting Innovation
The Innovation Insights site noted that the Health Food Matters program places a strong emphasis on open innovation when launching its range of offerings, often working closely with partners to identify unmet needs. Over the years of operating nursing homes, researchers came across some good advancements in food technology in Singapore and other parts
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Nestle and Tsinghua X-lab Launch Joint Innovation Challenge
The Yahoo Finance website reported that Nestle Research and Development (R&D) China has announced an open innovation challenge in collaboration with Tsinghua X-lab based in Beijing, China. The challenge is expected to drive impact by leveraging China’s extensive capacity for innovation, while
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BAE: A Radically Different Way For Defense Innovation
The Forbes website reported that BAE Systems, the U.S. arm of Britain’s biggest aerospace and defense conglomerate, has created an organization within its Electronic Systems unit called FAST Labs that combines funding from federal research centers with venture capital and commercial technology incubators
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Tips for Building an Ecosystem of Partners
The Engineer website noted that regardless of industry, the goal is the same: open the ecosystem to new skills, expertise and technologies. Open innovation policies must take the company’s objectives into account to ensure usefulness. Involve leaders—to reinforce the influence of open innovation
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How to Stay Agile in a Fast Changing World
The YourStory website noted that with companies going digital, they are able to directly connect with customers and engage with them to co-develop products, understand their challenges, and get new ideas going using crowdsourcing, open innovation, and communities. The close engagement with customers
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Japan to Form 40-Company Alliance for Open Innovation
The Asian Review website reported that Toyota Motors and about 40 other leading Japanese companies will create a framework for sharing technologies and business ideas to spur innovation, joining a growing global trend for collaborative development. Japanese companies have traditionally taken a go-it-alone
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Lighting The Fuse Of Innovation
The Asian Scientist website noted that thinking outside the box is easier said than done. Encumbered by preconceived notions about how the world operates, we sometimes fail to see how a problem may be approached from multiple different angles and end up settling for solutions that are simply better
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Building an Ecosystem of Partners
The Engineer website posted a article which noted that a successful future means integrating with partners in a collaborative ecosystem. Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better
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Open for Innovation: Why Engaged Firms Are More Creative
The Bertelsmann Stiftung website posted a report which discussed how soft knowledge flows from businesses’ corporate citizenship activities can enrich the hard business of innovation. Beyond conventional Open Innovation (OI) partnerships with startups, suppliers or universities, business-civil society
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5G as an Innovation Platform
The Civil Service World website noted that to become true digital service providers, operators will need to transition from ‘closed’ to ‘open’ innovation models. We began to see the power of open innovation with Apple’s iPhone app store and the emergence of open source software, which both
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