3 Finalists Announced in Open Innovation Challenge

3 Finalists Announced in Open Innovation Challenge

By • on December 4, 2014

The HITconsultant website reported that the American Heart Association has announced the top three finalists for the inaugural Chicago Open Innovation Challenge focused on discussing innovative ways to accelerate science and to better understand how to treat heart disease and stroke. Finalists were chosen after raising more than $33k in crowdfunding

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How Open Innovation Can Unlock the Door to Success

How Open Innovation Can Unlock the Door to Success

By • on August 1, 2014

The Yorkshire Post reported that Leeds University Business School recently ran a major research project which brought together academics and businesses from across Europe to look at open innovation. The study saw industrial giants including Bayer MaterialScience, Deutsche Telekom, Siemens, Intel and

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Tasks Of A Chief Innovation Officer

Tasks Of A Chief Innovation Officer

By • on April 2, 2014

An article on the Forbes website focused on external activities to make firms more innovative. The primary external activities to make organizations more innovative include: 1. Communicating idea sourcing needs/challenges to external communities; 2. Creating internal teams, often as part of Open Innovation

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Openness for Innovation

Openness for Innovation

By • on April 1, 2014

The  Korea Joongang Daily website reported that Chris Anderson, the best-selling author of  “The Long Tail” and “Free” visited Korea as CEO of American tech venture 3D Robotics to give tips on creating an open business ecosystem to encourage start-ups. He noted that “As

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Open Innovation: Key Competitive Factor for Banks

Open Innovation: Key Competitive Factor for Banks

By • on March 9, 2014

The Crowdsourcing.org website reports that the potential that open innovation yields for  banks has been captured in a new study released by GFT, a leading international IT solutions  providers to the financial sector. It’s increasingly important for financial institutions to differentiate themselves

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Four Innovation Methodologies

Four Innovation Methodologies

By • on March 5, 2014

An article on the Innovation Excellence website outlined and described four evolving innovation methodologies. Closed innovation–R&D departments work in strict isolation to develop new products and new processes with the objective of developing a competitive advantage. Collaborative innovation–companies

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GlaxoSmithKline: Funding Open Innovation

GlaxoSmithKline: Funding Open Innovation

By • on May 3, 2013

The 4-Traders website reported that GlaxoSmithKline (GSK) has announced a funding injection of up to £5m from the Wellcome Trust to support its open approach to discovering and developing urgently needed new treatments for diseases of the developing world. The funding will move early-stage research

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