Open Innovation: Stimulating Regional Economic Development
The Innovation Excellence website noted state and local governments, along with business associations, are feeling increased pressure to find new ways to foster regional growth through innovation. It has become clear that simply providing financial incentives doesn’t solve the real need for faster, more effective innovation in businesses. Enabling
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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 Intermediaries: A Look at NineSigma
An article on the Crowdsourcing website notes that if open innovation intermediaries’ most important asset is a large crowd of resourceful problem solvers, then keeping these bright individuals around should be a top priority. Part of that, of course, entails finding interesting and thoughtful challenges
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Innovation Lessons from an Old-Time Enterprise
The Forbes website notes that the old conglomerate Philips’ recent successes are an important milestone for the open innovation movement because OI has given Philips renewed zest. Its share price has been on the rise over the past year and the market is receptive to its new partnerships and more
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