Open Innovation Key to Smart Grid

By • on May 30, 2012

The website reports that open innovation in information technology is key in developing the smart grid. The recently appointed US Chief Technology Officer Todd Park said:  “We’re seeing a democratization of entrepreneurship in spaces like healthcare and energy, and you can see a rising tide of innovators that are all stripes…. A philosophy that we’re really embracing in leadership with the president is the whole idea of open innovation. If government collaborates openly and unleashes the power of the private sector and non-profit sector and the public [it can accomplish more] than it can by itself.”

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