Innovation in the Open

Innovation in the Open

By • on August 16, 2018

An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared ownership of intellectual property (IP) as a way

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Are You Open to Open Innovation?

Are You Open to Open Innovation?

By • on April 18, 2018

The MDDI website reported that Pfizer and the Institute of Pediatric Innovation organized an open innovation (OI) competition in hopes of addressing an ongoing challenge: administer multiparticulate medicines to children more easily. HS Design, a design firm specializing in medical devices and life sciences,

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Connect and Compete Through Open Innovation

Connect and Compete Through Open Innovation

By • on July 20, 2017

The MDDI website noted that open innovation has become a mainstream practice for most technology-driven companies looking to accelerate time to market and stay ahead of the competition; and added if you are a medical technology manufacturer considering open innovation as a strategy within your innovation

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Open Innovation: Solutions for R & D Pipelines

Open Innovation: Solutions for R & D Pipelines

By • on April 10, 2017

The Accenture website noted that many companies are embracing the concept of open innovation, but few are doing so in strategic ways. Our research found that when large corporations work with external parties to augment their internal R&D, they use four basic modes of open innovation: a traditional

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To Succeed Innovative Companies Need to Be Decisive in Opening-Up

To Succeed Innovative Companies Need to Be Decisive in Opening-Up

By • on October 8, 2015

Virtual Strategy Magazine reported that results from a new national survey shows companies adopting open innovation (OI) to out-pace competitors and lead their industries in an increasingly aggressive global landscape. The research was conducted by Harris Poll on behalf of NineSigma, and tapped over

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Finding Innovative Ideas in Unexpected Places

Finding Innovative Ideas in Unexpected Places

By • on December 16, 2014

The Forbes website reports that Zynga, whose firm counts Xerox, Pfizer, Kraft, Siemens, and many other heavy hitters among its clients, says any company can make profitable use of ideas from other, seemingly unrelated fields. The first step in what’s commonly called open innovation, he says, is to

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AstraZeneca Reinforces Pipeline With Open Innovation

AstraZeneca Reinforces Pipeline With Open Innovation

By • on April 29, 2014

The Telegraph website reported that big pharma giant AstraZeneca has spent the past few years forging partnerships with groups spanning health charities, academic researchers and even its industry rivals. The collaborations work by openly sharing early-stage research, mostly into understanding

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Current State of Open Innovation

Current State of Open Innovation

By • on April 2, 2014

The Innovation Excellence website reported on the recent Open Innovation forum in Baltimore, saying that it showed that OI is in a healthy state. While there is nothing truly revolutionary, the picture is one of good solid progression and increasing adoption, with continuing promise for the future.

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The Right Prescription: Open Innovation

The Right Prescription: Open Innovation

By • on October 8, 2013

The Business Standard website reported that the rising cost of drug discovery makes it pertinent to look at alternate models to approach innovation.  The ‘Open Innovation model’ has emerged as an interesting alternative. It is based upon openness and collaboration, which is in complete

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Opening Industry-Academic Partnerships

Opening Industry-Academic Partnerships

By • on April 17, 2013

Science magazine posted an article by Chris Tachibana which noted that research and development today is about networking, sharing, and partnering. Collaborations between industry and academia are promoted by open innovation programs, which have become a near-universal model for R&D. Pharmaceutical

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