Bayer and yet2 Launch Innovation Challenge for Biodegradable Packaging
The Healthcare Packing website reported that the Consumer Health Division of Bayer is collaborating with long-time open innovation partner, yet2, to launch a sustainable packaging Innovation Challenge. Bayer invites innovators and technologists to share sustainable packaging materials, including biodegradable or compostable, flexible and rigid packaging
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A Kickstarter Approach to Science
The Macleans website reported that over the past 15 years, Massachusetts-based InnoCentive—one of a cohort of companies in the business of open innovation has attracted 350,000 solvers from nearly every country on the planet. These bright minds have submitted roughly 40,000 answers to more than 2,000
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Open Innovation Research
Violeta’s Blog website noted that due to it’s applicability, open innovation is being rapidly integrated within the business world, but it is also drawing interest in scientific circles, which are applying systematic research to fill in the gaps in understanding, behavior, and nature of
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Implementing Open Innovation
The Crowdsourcing website notes that as knowledge is widely distributed across the external environment, many companies have opened up their innovation process to gain access to the expertise of external parties and existing knowledge from different domains. While earlier literature has demonstrated
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Ohio State Government Promoting Open Innovation
The Crowdsourcing website notes that for companies looking to thrive, innovation is a must, especially for those that rely on advanced technologies. Governments recognize this and promote innovation through things like research and grants, but few have gone as far as the Ohio state government to promote
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Choosing the Right Approach to an Open Innovation Strategy
The Smart Blog on Leadership website notes that open innovation is a business strategy to advance technology by fusing external ideas and products with internal research and development. It is a way for businesses to minimize costs and create products more efficiently. However, choosing the right
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