
Global Drugmakers Join Hands With Startups
The Yonhapnews website reported that global pharmaceutical companies are seeking to join hands with local startups as part of their effort to increase research and development productivity. The move is part of their effort to adopt “open innovation,” a network of collaboration with external institutes and individuals, as opposed to centralized
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Why Working With Startups is Worth It
The CIO website noted that an open innovation model means business can gain all the input and thinking from the startup community, and the startup community gets to test its ideas in large organizations. The snacking company, Mondelez, used open innovation to invite pitches from mobile startups to collaborate
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