Open Innovation: Solutions for R & D Pipelines

By • on April 10, 2017

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 intellectual property contract, a partnership, a contest or a community. Strategic success relies on knowing when and how to use or combine these four basic modes in the most effective ways.

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