COVID-19: Pantami Presents Jaiz Bank’s N125M to Innovators, Entrepreneurs
The Economic Confidential website reported that in Abuja, Nigeria the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, presented checks amounting to N125M to four entrepreneurs and innovators who were judged winners of Jaiz Bank’s Covid-19 challenge competition. Jaiz Bank’s open innovation challenge was aimed to spur
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Going Asset-Light Can Boost Startups
The Entrepreneur website quoted Henry Chesbrough: “In a world of abundant knowledge, not all smart people (will) work for you” and went on to say: “The ability to generate a new idea, execute on it and democratize it (by getting it adopted) is critical for any innovation to become meaningful.
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Ways Your Entrepreneurial Mindset Can Disrupt Industries
The Business.com website noted that it’s important for legacy companies to interact directly with the startup and entrepreneurial ecosystem. By engaging entrepreneurs, you will get a first-hand look at the way startups approach problems with new solutions. You can then use those insights to inform
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AfricArena’s Current Open Innovation Challenges
The Ventureburn website reported that AfricArena, the international African startup and investor conference, currently has six challenges that entrepreneurs from across the continent can apply to. Entrepreneurs can apply to the following six challenges which AfricArena has already released details on.
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Startups’ Motives, Approaches, & Opportunities for Using Open Innovation
The Lund University website posted a study of why and how startups practice open innovation. The study aims to contribute to a better understanding of what drives startups to open innovation, how they use it and comprehend what challenges and benefits OI brings to startups. The research suggests that
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Europe’s Science Spending Set for Another Big Boost
The Science Magazine website reported that the European Commission plans for one of the biggest single research programs on the planet. Called Horizon Europe, the program could be worth €97.6 billion. One of the main pillars of Horizon Europe is Open Innovation, which addresses an old problem: Europe’s
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S. African Space Agency & Airbus launch Open Innovation Challenge
The Itnewsafrica website reported that the South African National Space Agency (SANSA) together with Airbus Defense and Space have launched an Open Innovation Challenge project which is aimed at developing and supporting home-grown applications for earth observation data obtained by satellites. The
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Overcoming the Corporate Immune System
The SAP website noted that business model innovation is a real challenge for larger organizations because they generally have one or more viable models and are therefore focused primarily on economies of scale for them. This protects and optimizes existing business models, but it also leads to structures,
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SMEs and Open Innovation
The Kobo website reported on the new book, “SMEs and Open Innovation”: Open innovation has been widely implemented in small and medium enterprises (SMEs) with the aim of influencing business promotion, value gain, and economic empowerment. However, little is known about the processes used
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The Rise of Digital Partnerships
The ITProPortal reported that Accenture’s report on Harnessing the Power of Entrepreneurs to Open Innovation found that 78 per cent of large organisations believe that working with entrepreneurs is important or critical to their own growth and innovation. Large businesses also expect the proportion
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