Design the Right Open Innovation Project
The Innovation Excellence website noted that Open Innovation is now widely recognized as a way to enhance options for innovation by accessing external assets. However it can mean many things to many people; from running a crowdsourced idea scheme like LegStarbucksIdea, or MyStarbucksIdea, through to large co-branded initiatives like Senseo. In the
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A Kickstarter Approach to Science
The Macleans website reported that over the past 15 years, Massachusetts-based InnoCentive—one of a cohort of companies in the business of open innovation has attracted 350,000 solvers from nearly every country on the planet. These bright minds have submitted roughly 40,000 answers to more than 2,000
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The Importance of Diversity
An article on the Forbes India website noted seeing more and more adoption of open innovation, and greater recognition that companies inevitably face significant variations in innovation opportunities at any given point in time….If you are facing fluctuating innovation opportunities with a fixed
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What is Impeding Open Innovation?
The Innovation Excellence website noted that large companies are using Open Innovation to find agile partners who will help them to grow by co-developing innovative new products. Small companies are using OI to partner with companies that can take them to places and markets that would otherwise be out
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Making Open Innovation Stick
The Business2Community website noted that the publication, in 2003, of Henry Chesbrough’s book “Open Innovation” spawned a movement that has since swept across the industrial landscape and changed forever how companies think about innovation. The ideas were not new. In some cases they date
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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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6 Engineering Challenge Web Sites
The Machine Design website noted that not all engineering challenges are created equal. Some ask for solutions through new designs, a redesign, chemicals or materials, smart electronics, or with the use of existing patents to create a technology spin-off. Most of the time there is a monetary reward
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Open Innovation Research
Violeta’s Blog website noted that due to it’s applicability, open innovation is being rapidly integrated within the business world, but it is also drawing interest in scientific circles, which are applying systematic research to fill in the gaps in understanding, behavior, and nature of
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Co-Opting Disruption Through Open Innovation
The Forbes website noted that big organizations generally don’t do disruption well. They tend towards stability because that’s what people want from them. However, that creates a problem because stability, not change, is the state that is most dangerous in highly competitive environments–it
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Open Innovation Challenge for DOW
An article in the Wall Street Journal asks what do you get when you combine the untapped potential of a game-changing chemistry with the power of open innovation from a host of science, technology and applications experts? A truly unique crowd sourcing competition from Dow and InnoCentive, that offers
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