Banking on Fintech Collaboration and Partnership

Banking on Fintech Collaboration and Partnership

By • on July 26, 2019

The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The management culture is still all too often focused

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5G as an Innovation Platform

5G as an Innovation Platform

By • on February 26, 2019

The Civil Service World website noted that to become true digital service providers, operators will need to transition from ‘closed’ to ‘open’ innovation models.  We began to see the power of open innovation with Apple’s iPhone app store and the emergence of open source software, which both

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Time to Light a Fire: Building a Culture of Innovation

Time to Light a Fire: Building a Culture of Innovation

By • on September 17, 2018

The Industry Week website posted an article which stated “Think outside your company’s walls. As R&D continues to grow within the private sector, companies will be better suited by opening doors to outside expertise. Open-source coding is revolutionizing the software industry; similarly,

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Mark Samuels on Open Innovation in Pharma

Mark Samuels on Open Innovation in Pharma

By • on April 10, 2018

The Pharma Times Online website posted an interview with Mark Samuels, chief business and strategy officer of the new Medicines Discovery Catapult, on the role of open innovation in big pharma: “I think collaborative research is increasingly important. Benefits of open innovation include access

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Partnership Creates an Open Innovation Culture

Partnership Creates an Open Innovation Culture

By • on October 30, 2017

The Drum website reported that Publicis Communications will aim to scale its client offering through a new partnership with the innovation hub Plexal. Guy Wieynk of Publicis said,“We want to be able to work with more startups as it was clear that there was no way that companies were able to answer

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Digital Transformation Leaders Adopt Open Ecosystems

Digital Transformation Leaders Adopt Open Ecosystems

By • on October 23, 2017

The Business Technology Roundtable website posted an article which discussed “Why Open Innovation Ecosystems Matter”: “As internal resistance to change is overcome, the connected economy will become even more connected, with success relying on participation in a broader business ecosystem.

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Companies Adopting Open Innovation Models

Companies Adopting Open Innovation Models

By • on July 19, 2017

The IT Online website reported on a new PwC survey of over 1,200 global executives and business leaders. The aim of the study was to understand how these business leaders view innovation and what they are doing to better reap its rewards. The study found that companies are embracing open innovation models:

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Plans for a London Office of Technology & Innovation

Plans for a London Office of Technology & Innovation

By • on May 31, 2017

The Public Technology website reported that the Greater London Authority and London councils are looking to establish a London Office of Technology and Innovation (LOTI) to link up disparate organizations’ efforts, set common standards and create a culture of open innovation. As public services increasingly

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Fuelling the Knowledge-Driven Economy

Fuelling the Knowledge-Driven Economy

By • on May 18, 2017

The MalayMailOnline website reported that we see more and more corporate R&D labs opening their doors, collaborating with suppliers and customers, sharing software code with programmers and tapping networks of scientist and entrepreneurs for the world’s best ideas. There is no doubt that open innovation

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Chesbrough: “An Exciting Time for OI in the Energy Sector”

Chesbrough: “An Exciting Time for OI in the Energy Sector”

By • on February 16, 2017

The InnoEnergy website posted an interview with Henry Chesbrough, “the father of open innovation,” in which he discussed how open innovation applies to the energy industry.  While the energy industry in general has a conservative and monopolistic culture,  Prof. Chesbrough argues that the

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