Open Innovation to Help Build Smart Homes
The Idea Connection website reported that open innovation and crowdsourcing are putting the smart home within easy reach of people. GE has teamed up with Quirky to form Wink, an inspiration and innovation platform. The hope is to create a line of smart appliances for the home that have been dreamed up by Wink’s users. Quirky is a platform where
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GE Takes a Quirky Approach
The Innovation Excellence website reported that GE and Quirky have formed a new partnership, where GE will make some of its library of patents available as part of Quirky’s new inspiration platform, allowing inventors to use some of its patents in their potentially novel consumer product invention
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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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How Crowdsourcing Impacts Innovation
The Crowdsourcing website notes that the Internet has had a profound influence on innovation practices. Crowdsourcing has tipped the innovation balance from the domination of large corporations towards smaller entities and access to these innovation sources has become an important part of innovation
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GE: Profiting from Open Services Innovation
The Innovation Excellence website posted an article by Henry Chesbrough which notes that as new products come to market with increasing frequency and take valuable market share, more and more companies are finding it increasingly challenging to keep up and compete. Product life span is further shortened
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Open Innovation: From Beginnings to Today
The ECNmag website notes that one of the most dramatic corporate shifts we have seen over the last decade is on the innovation front. It is not a coincidence that at the same time our innovation model was beginning to change, the Internet and emergence of social media were enabling society as a whole
GE Announces $10 Million Challenge
The Geekzone website reported that GE has pledged $10 million to find, fund and bring to market breakthrough ideas for reducing our carbon footprint from Australia & New Zealand. GE’s first local Challenge is an open innovation competition which calls on businesses, entrepreneurs, innovators
Kraft Doubles Down on Open Innovation
The website Brightidea notes that since Henry Chesbrough coined the term in 2003, open innovation has been providing a framework for companies to tap a vast network of customers, experts, and other organizations. Companies such as Kraft, P&G, General Electric (GE), and Bosch have been using
GE’s innovator community
The Financial Times website posted an article by Henry Chesbrough which describes how General Electric figured out a way to be a leader in the green energy sector – making the most of its vast internal R&D expertise while integrating its existing energy efforts with those outside the company.
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Grand Challenges Move the Needle
The Marketwatch website asks what makes a Grand Challenge grand? Consider the complexities of curing breast cancer, purging greenhouse gases from the atmosphere, launching civilian spacecraft, or eradicating the devastating AIDS pandemic. These are the kinds of problems that require an amplified approach