$2 Million Open Innovation Challenge
The MarketWatch website reported that the NFL, GE and Under Armour have joined with the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) to launch Head Health Challenge III, an open innovation competition to advance materials that better absorb or dissipate energy. These new materials could improve the performance
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GE Open Innovation Manifesto
On its website General Electric posted an “Open Innovation Manifesto,” saying “We believe openness leads to inventiveness and usefulness. We also believe that it’s impossible for any organization to have all the best ideas, and we strive to collaborate with experts and entrepreneurs
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Business Models That Put Evolution Before Revolution
The Harvard Business Review noted that business model innovation is hard. But managers make it harder when they think about it only as radical industry reinvention. While revolutionary business model changes can be valuable, you don’t necessarily need to transform your industry. You don’t need
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GE Open Innovation Manifesto
The General Electric website posted an Open Innovation Manifesto, saying “We believe openness leads to inventiveness and usefulness. We also believe that it’s impossible for any organization to have all the best ideas, and we strive to collaborate with experts and entrepreneurs everywhere who
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Innovate or Die
The BBC website noted that with centers around the world employing thousands of researchers and engineers serving all of General Electric’s divisions, you might think the company had innovation covered. But Todd Alhart Todd Alhart of GE Global Research says: “We have a tremendous amount of
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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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4 Ways Open Innovation Can Drive Your Business Forward
The DigitalTonto website noted that Ever since GE built the first industrial lab in 1900, research and development has been a highly secretive affair. Security protocols have been regarded almost as important as scientific ones. Industrial espionage has been pursued as zealously as the political
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GE Launches Ecomagination Challenge to Reduce Greenhouse Emissions
The Wall Street Journal website reported that General Electric has launched an up to CAD$1million ecomagination open innovation challenge to help accelerate technology development in Canada’s oil sands. The Innovation Challenge will target two of the biggest opportunities to reduce green-house
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GE’s New In-House Fuel Cell Startup
The Gigaom website reported that General Electric is using an innovation for manufacturing fuel cell technology as the backbone to launch an independent startup within the conglomerate. GE thinks the fuel cell hybrid device is important enough to get its own separate company working on it. The
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Leading Through Innovation
The Star Online website reported that Dr. Xiangli Chen, vice president and chief technology officer of the General Electric (GE) Research and Development (R&D) Centre in Shanghai, China commented that GE now practices the concept of open innovation. This is where the company works collaboratively
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