Open Innovation Set to Shape Future of Welsh Economy

Open Innovation Set to Shape Future of Welsh Economy

By • on October 11, 2018

The Business News Wales website noted that the term ‘innovation’ gets thrown around constantly in modern day business; meaning different things to different people. However, in recent years, the term ‘Open Innovation’ has become more apparent; especially in the world of product development. The Open Innovation concept highlights the worth of

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Open Innovation and SMEs

Open Innovation and SMEs

By • on May 8, 2016

The Walesonline website noted that to date, most of the research studies examining open innovation have focused on large firms and how they utilize the open innovation process. As a result, very little has been done to support this concept within small to medium-sized enterprises (SMEs). This is despite

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The Technology of the Future Will Come from Open Innovation

The Technology of the Future Will Come from Open Innovation

By • on May 19, 2015

An article on the Telegraph (UK) website stated that open innovation is the alternative that allows big businesses to work with each other, start-up companies, and academia to create truly fundamental innovations to the challenges they face. Open innovation ecosystems allow these parties to pool their

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Open innovation: Great Way to Boost Economies

Open innovation: Great Way to Boost Economies

By • on May 16, 2015

The Wales Online website noted that it is clear that many businesses cannot afford to rely entirely on their own R&D but need to buy or license ideas or inventions from other knowledge-based organizations if they are to prosper. Indeed, it is absolutely crucial for an economy that innovation is not

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