New Technology Centre to Further Innovation in Medtech

New Technology Centre to Further Innovation in Medtech

By • on October 3, 2018

The Straits Times website noted that transformative technologies and innovative business models have rocked the medical technology (medtech) sector, and companies can no longer solely rely on in-house capabilities. Instead, open innovation will become more important as stakeholders from diverse and highly specialized industries cooperate and develop

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Japanese Startup Opening in the US

Japanese Startup Opening in the US

By • on June 6, 2017

The CampaignAsia website reported that Japan market leaders are looking ardently for new technologies they can leverage such as AI, IoT and blockchain. To do that, they are increasingly accepting the principles of open innovation. “Open innovation with startups can accelerate the speed of the corporation

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Nano Startup Challenge in Cancer

Nano Startup Challenge in Cancer

By • on May 17, 2016

The IIT Today website reported that an interdisciplinary student team from Illinois Institute of Technology was one of 21 Semifinalists of the NanoStartup Challenge in Cancer, an open innovation competition designed to bring promising medical inventions to market. This open innovation startup is designed

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Striving for Innovation Success in the 21st Century

Striving for Innovation Success in the 21st Century

By • on May 13, 2016

In an article on the MIT Technology Review website Henry Chesbrough wrote that open innovation is “the use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation. It’s a model for industrial innovation that I originated

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Innovative Partnerships

Innovative Partnerships

By • on May 12, 2016

The Royal Society of Chemistry website announced the launch of the InnoCentive–Royal Society of Chemistry  (RSC) Open Innovation Pavilion. Although the shift from purely internal innovation to a more open structure has proved popular for industry leaders, it can be a risky process, fraught

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Open Innovation: Creating Through Community

Open Innovation: Creating Through Community

By • on July 17, 2012

An article on the crowdsourcing website draws lessons from Henry Chesbrough’s 2006 book “Open Business Models,” in which he describes a rising field of companies which specialize in innovation. He calls these companies “innovation intermediaries.”  There are many kinds

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