Old Corporate Champions Can’t Save Japan
The East Asia Forum reported that we now live in a digital world, where the vanguards of innovation are often newer, entrepreneurial and knowledge-intensive companies. It is a world where giants regularly partner with others, including newcomers, in a process called ‘open innovation’. Pfizer’s COVID-19 vaccine was developed by a small German biotechnology
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Innovation in the Open
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
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Are You Open to Open Innovation?
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
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
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
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
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
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
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 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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