How Can Investors Help Us Get to Net-zero?
The World Economic Forum website reported that the world is rapidly running out of time to meet its net-zero and sustainability targets. So the World Economic Forum’s open innovation platform UpLink is targeting venture capital investors in its latest challenge in a bid to speed up this transition. Launched in 2020, UpLink was created to source innovative
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Portuguese Startup TAIKAI Snaps Up €2 Million for its Blockchain Solution for Open Innovation and Recruitment
The EU-Startups website reported that Portuguese blockchain-based open innovation platform TAIKAI has raised €2 million in a funding round which will fuel the development of hiring solutions for companies and startups. Founded in 2018, TAIKAI started as an open innovation platform, helping Portuguese
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How Seeing Ideas of Others Can Harm Creativity in Open Innovation
The American Marketing Association posted an article which maintained that open innovation contests which involve seeing numerous competitive ideas of others harms, rather than stimulates, creative performance. Others’ competitive prior ideas interfere with idea generation, as new ideas need to be
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Beyond Prizes: How and Why Some SMEs Benefit From Participating in Open Innovation Contests
The ProQuest website posted a study which noted that large enterprises and government agencies are increasingly collaborating with entrepreneurs and innovative small-to-medium-sized enterprises (SMEs) to solve complex challenges. One of the key approaches to collaboration is to organize an open innovation
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Inbound, Outbound Open Innovation
The IPCG website noted the two directions of open innovation. For more than a decade, firms have focused much of their open innovation (OI) efforts on one direction – inbound OI. Few firms employ outbound OI approaches. However, the outbound direction of OI, while arguably less intuitive, offers
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