Four Essential Steps Towards Open Innovation Success
The Creax website noted that although ‘open innovation’ is the talk of the town in R&D circles, leveraging external sources of innovation remains challenging for most companies. In 2013, researchers Dr. Joel West and Dr. Marcel Bogers suggested a four-phase model for inbound innovation projects. They emphasized that open innovation needs to
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Disruptive Growth in the Digital Age
The InformationAge website reported that research indicates that large businesses expect the proportion of their revenues generated by collaboration with entrepreneurs to rise from an average of 9% today, to 20% in five years. This type of open innovation is ‘critical’ to future business performance
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Third Annual World Open Innovation Conference
The Newswise website reported that Henry Chesbrough will host the Third Annual World Open Innovation Conference in Barcelona, at the ESADEFORUM on ESADE’s Pedralbes campus on Dec. 15-16, 2016. At the conference Carlos Moedas, EU Commissioner for Research, Science, and Innovation and one of the WOIC’s
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NYC Working To Merge Government With Innovation
The Fastcoexist website reported that two new open innovation challenges were launched recently to ferret out ideas, from the private sector, for reducing electric bills without taking away residents’ control of their own apartments and, in a smaller number of buildings, reduce steam heating bills.
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An Intellectual Property Strategy Supporting Open Innovation
The Cesear website posted an analytical article discussing the relationships between Intellectual Property Rights and Open Innovation. Traditionally, IP has a defensive role: Stop others from creating competing products; Enable competitor-free operation in a given market. The new role of IP: Enables
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How to Innovate By Learning From Startups
The TelecomReseller website reported that large international corporations tend to have extremely efficient and controlled systems and processes that allow them to operate at scale. While these systems are important, they can kill new innovation projects and corporations are increasingly seeking more
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Higher Ed and Open Innovation
The Inside Higher Ed website noted that the main reason the book “The Smartest Places on Earth“ is important are the chapters on open innovation. Today’s problems (such as sustainable energy or health care productivity), are too complex for one institution to solve on their own. These
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How Can the Federal Government Better Engage Citizens?
The Government Accountability Office (GAO) website noted that federal agencies are using “open innovation” tools to leverage the knowledge and skills of people outside government. Using dedicated websites and in-person outreach, agencies have worked with the public to rebuild communities
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Innovation by South African Businesses
In an article on innovation by South African business, the website Daily News Bulletin noted that in an increasingly competitive world, companies need to take advantage of a wide range of resources to innovate; they cannot rely on ideas to come only from within their organization. Encouragingly, the
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Xinova Develops Smart Tattoo
The Financial Review website reported that Meat and Livestock Australia (MLA) signed a multimillion-dollar deal with innovation specialist Xinova to help it find and solve complex problems faced by the livestock industry. Xinova brings together a network of 10,000 experts from more than 100 research
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