Hasbro Is Taking Its Open Innovation Platform Global
The Forbes website reported that since Hasbro, the leading global toy and entertainment company, launched its open innovation platform Spark in 2016, it has received thousands of idea submissions from U.S.-based fans of its approximately 1500 brands. As of this fall, fans in five additional markets — including Canada, the UK, Australia, New Zealand,
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L’Oréal Invests in Beauty Tech of the Future
The Consumer Goods Technology website reported that L’Oreal is doubling down on building out tech that could transform the future of beauty. As part of this strategy, it is investing $140 million in a research and innovation center in Clark, New Jersey that will be fully operational by 2024. Sanford
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Wayra and Telefonica Seguros Launch Lope Ventures to Invest in the Insurtech and Fintech Space
The Novobrief website reported that Wayra, Telefónica’s open innovation initiative, held a new edition of its Investors Day at the Official College of Architects of Madrid, in which a total of nine startups presented their projects to more than 200 investors from Spain, France, Portugal, the United
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T-Hub Launches a Platform to Reinforce the Need for Innovation in Global Corporates
Express Computer reported that T-Hub, which leads entrepreneurs’ success with defined results through effective global collaborations, announced that it will launch initiatives to encourage constant innovation in corporations. It is predicted that by 2023, 60 percent of industry ecosystems will establish
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Bloomingdale’s and FIT launch Sustainable Innovation Fund
The Fashion United website reported that US fashion department store chain Bloomingdale’s has teamed up with the Fashion Institute of Technology to launch the Bloomingdale’s x FIT Sustainable Innovation Fund. It has also announced the launch of its new social purpose platform entitled b the
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Hyundai CRADLE to Host 7th Mobility Innovators Forum
The Hyundai Motor Group announced that Hyundai CRADLE Silicon Valley will host the seventh Mobility Innovators Forum on September 22nd at the Palace of Fine Arts, San Francisco. The in-person event will focus on the importance of bringing open innovation mindsets to human-centered mobility. Hyundai CRADLE
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Closing Open Innovation
An article by Henry Chesbrough and several other scholars to appear in Strategic Management Review notes that the literature on open innovation has documented how companies expand their boundaries to become more open, leaving out how boundaries narrow as open innovation relationships end—the closing
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MIT Solve Selects New Class of 40 Tech-Based Social Entrepreneurs Addressing Global Challenges
Yahoo! reported that through open innovation challenges, Solve finds tech-based social entrepreneurs all around the world. Solve, an initiative of the Massachusetts Institute for Technology with a mission to drive innovation to solve world challenges, revealed the new Solver teams and Indigenous Communities
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Private Wireless Network Deployed in 3 Days Makes Tractors Autonomous
The Fierce Wireless website reported that Intel, Federated Wireless and Blue White Robotics deployed a private wireless network at a California winery, claiming the technology will help farmers address labor shortages by making tractors autonomous. The network uses shared CBRS spectrum mediated by
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Try Everything 2022, Provides Foothold for Mutual Growth for Large Corporations, Mid-sized Companies, and Startups
The Digital Journal reported that this year’s ‘Try Everything 2022’ conference will focus on open innovation between large corporations, mid-sized companies, and startups, which are accelerating to overcome the COVID pandemic, and to secure future growth engines in the 4th industrial revolution.
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