The PM Live website noted that open innovation has become one of the most talked about concepts of our time. It seeks to power up the ability to work with a broad ecosystem of partners and its customers to harvest the best ideas and to provide the appropriate tangible and intangible assets from all collaborators. Eli

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Lilly Launches ‘Innovation Challenge’

The Insideindianabusiness site reported that Eli Lilly and Co. has launched what it calls an open innovation challenge asking researchers nationwide to submit innovative digital health solutions to inform inflammatory bowel disease care. Lilly says the finalist who submits the winning idea will win $50,000.

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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

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Henry Chesbrough on Barriers, Success Stories, and Business Unit Support

The Innovation Leader website posted an article in which Henry Chesbrough discusses why the “inside-out” approach is more challenging for most companies; how open innovation is being practiced at companies like Intel, Eli Lilly, Bayer, and United HealthCare; and some of the common barriers to making

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Korean Drugmakers to Seek Global Partnerships

The Korea Herald website reported that South Korean pharmaceutical companies and global drugmakers came together to discuss new business partnerships and open innovation at this year’s Korea Pharma Associations Conference in Seoul. As one of the biggest pharma industry events of the year, the conference

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Eli Lilly: Partnerships Better than Acquisitions

The Nikkei Asian Review website reported that Eli Lilly has drawn a line from expensive mergers and acquisitions, and intends to focus on partnerships for innovation; on open innovation. “Back in 1979, almost all our research took place within the company,” John Lechleiter, Eli Lilly CEO

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Building an Open Innovation Approach to R&D

The Wall Street Journal website reported that Open Innovation (OI) is gaining an important foothold across a number of major industries, from information technology to retail. Today, health care leaders are starting to recognize that OI can have great value in research and development and in marketing

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Eli Lilly Launches Redesign Clinical Trial Info Challenge

The HIT Consultant website reports that Eli Lilly, one of the world’s largest pharmaceutical companies, invites designers and developers to re-imagine clinical trial  information in a patient-centric way. As part of Lilly’s Clinical Open Innovation  initiative, which calls on open innovation

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The Thinker Interview: Henry Chesbrough

Forbes India published an interview with Henry Chesbrough, who is considered the father of open innovation. In it he discusses the development and evolution of open innovation, open business models, open services innovation, innovation communities, some of the barriers to open innovation, open innovation

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