Siemens, GE Partner With Open-Source Innovation Community

Siemens, GE Partner With Open-Source Innovation Community

By • on January 30, 2018

The Society of Petroleum Engineers website reported that San Francisco-based Launch Forth, an enterprise-level SaaS platform, is powered by an open-innovation community of more than 185,000 solvers. Members participate in projects sponsored by enterprise-level clients including HP Inc., General Electric Co., Local Motors, and Airbus from anywhere in

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GE: How to Join Open Innovation Now

GE: How to Join Open Innovation Now

By • on May 30, 2017

The Industry Week website reported that General Electric’s GeniusLink is the internal profit center coordinating all open innovation efforts for GE, and non-GE organizations that choose to work with them. The company has developed FUSE, a platform similar to that of NineSigma Innocentive, TopCoder,

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Need a Breakthrough? Offer Prize Money!

Need a Breakthrough? Offer Prize Money!

By • on December 29, 2016

The Wall Street Journal website noted that, stumped for solutions to hundreds of industrial and technical problems, businesses and governments alike are turning the search for innovative ideas into prize-worthy puzzles that capitalize on the ingenuity of the crowd. These incentive competitions are part

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Open Innovation: 2 approaches towards value creation

Open Innovation: 2 approaches towards value creation

By • on November 23, 2016

The Imaginatik website noted that Open Innovation is designed to engage folks “out in the world” in a way that adds value to everyone involved. There are two approaches to do so: 1. Exploit OI as a challenge – engaging with folks “out there” of relevance to your operations “within your organizational

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Will Your R&D Project Generate New Business?

Will Your R&D Project Generate New Business?

By • on September 7, 2016

The R&D website describes the strategy of Open Design Thinking, which combines two well established innovation methods. The first method is Design Thinking—working with a cross-disciplinary team  the process involves walking in prospective users’ shoes, generating creative ideas from these experiences.

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Garwood Corporate Round Table: Bill Ruh

Garwood Corporate Round Table: Bill Ruh

By • on June 12, 2016

The Garwood Center for Corporate Innovation announced the topic of their next corporate roundtable: Industrial Internet, Cyber Security and Artificial Intelligence on July 1. The chief guest will be Bill Ruh, CEO of GE Digital. Click

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Turning Your Innovative Ideas Into Business

Turning Your Innovative Ideas Into Business

By • on April 22, 2016

The MalayMailOnline website noted that Steve Blank said when he elaborates the difference between Business Plan and Business Models, “no business plan survives first contact with the customer.” While business planning is about making assumptions and hypotheses, a business model is designing and

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Could Open Innovation Make Your Ambitions Take Flight?

Could Open Innovation Make Your Ambitions Take Flight?

By • on April 21, 2016

The TechCityNews website reported that open approaches to innovation have a long track record of success. Open challenges have been used to achieve ambitions as diverse as preserving food, the first non-stop flight from New York to Paris, and cleaning up the Exxon Valdez oil spill. Often the solution

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Transparency: Key to Open Innovation

Transparency: Key to Open Innovation

By • on February 28, 2016

The R&D website noted that in the past, many organizations used open innovation as a “fix” when their R&D bench hit a roadblock or ran out of time. Increasingly, though, significant players in their industries such as General Electric, Mondelēz International, Johnson Controls and Siemens

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GE’s Ecomagination Winners

GE’s Ecomagination Winners

By • on December 16, 2015

The BNN website reported that the winners of the final phase of General Electric’s Ecomagination Innovation Challenge are focused on reducing the heat and water used in new Oil Sands projects. Ecomagination is an open innovation challenge, aimed at helping oil sands producers drastically reduce their

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