Break Out to Open Innovation

Break Out to Open Innovation

By • on February 18, 2022

The MIT Sloan Management Review posted an article which noted that in 2016, R&D and digital business managers at Mercedes’s headquarters in Stuttgart, Germany, realized that their efforts to collaborate with startups — a valuable source of external innovation — were being hampered by the company’s existing innovation processes. In response,

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Open Innovation and External Sources of Innovation.

Open Innovation and External Sources of Innovation.

By • on May 21, 2018

The Journal of Translational Medicine noted that historically, research and development (R&D) in the pharmaceutical sector has predominantly been an in-house activity. In recent years, multiple extrinsic and intrinsic factors induced an opening for external sources of innovation and resulted in

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Setting the Gears of Innovation in Motion

Setting the Gears of Innovation in Motion

By • on September 25, 2016

The Business Times website reported on a conference where the Research Director at Johnson & Johnson, Dr Loy Chong Jin shared how creating a collaborative business ecosystem using external innovation helped to accelerate new business opportunities. “It is all about relationship-building,” he

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Making Open Innovation a Success

Making Open Innovation a Success

By • on June 11, 2015

The Tech World website noted that while the term “Open Innovation” has been evangelized since first being coined in 2003 by Henry Chesbrough, it’s particularly relevant today. The increase in computing power, access to cloud infrastructure, open sourced code and platforms, coupled with other technology

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