Creating an Innovation Culture

Creating an Innovation Culture

By • on October 13, 2016

The MalayMailOnline website noted that not a single company in the world owns more than 1 per cent of global hi-tech knowledge. Collaboration with outside groups such as complementary businesses, universities, government agencies, and think tanks often brings new perspectives and ideas to the innovation process. Companies can bring in [outside experts]

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Deloitte: Open Innovation Success Rate 3 Times Higher Than In-house R&D

Deloitte: Open Innovation Success Rate 3 Times Higher Than In-house R&D

By • on October 8, 2016

The Knowledge website reported that the knowledge intensity and speed of biotechnology has shifted the locus of innovation to a network rather than within any single firm. This is causing pharmaceutical firms to look for new ways to tap into innovative sources of drug development outside their organizational

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Innovation Begins With Open Practices

Innovation Begins With Open Practices

By • on October 6, 2016

The Opensource.com website noted that today’s firms all face increased competition and dynamic markets. Yesterday’s big bang can easily become today’s cautionary tale. Strategically, the only viable response to this disruption is constantly striving to serve customers better through

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Barclays Financial Services Hackathon

Barclays Financial Services Hackathon

By • on October 5, 2016

The Finextra website reported that Barclays Bank sponsored a major hackathon. A Barclay spokesman said: “It’s about our staff co-creating solutions with external teams; coming together for 36 hours to work on specific customer and business solutions – an intense burst of idea storming and

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The Open Innovation Renaissance

The Open Innovation Renaissance

By • on October 3, 2016

The Manufacturer website noted that prize competitions have long been used to solve problems. But despite their usage in the 1800s and  1900s, prize competitions languished throughout much of the 20th century. However, a communications and information-driven renaissance is driving a resurgence in open

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Oman Hub for Innovation in Healthcare

Oman Hub for Innovation in Healthcare

By • on October 1, 2016

The Times of Oman reported that Oman has recently signed a partnership with the United States, a groundbreaking synergy that would position Oman as a global innovation hub in the healthcare sector. Most research projects in Oman struggle to find their way out of the labs and there is an urgent need to

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A New Approach to New Products

A New Approach to New Products

By • on September 28, 2016

A feature article on the Wall Street Journal website noted that using a concept known as open innovation, companies are learning how to quickly harvest loads of ideas for new products from business partners, suppliers, consumers and their own employees outside of their R&D staffs. At the same time,

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Open Innovation in Pharma & Biotec

Open Innovation in Pharma & Biotec

By • on September 27, 2016

The Fleming website announced that the 4th Annual Conference on Open Innovation in Pharma & Biotec will be held Nov. 17-18 in Vienna, Austria. The call to the conference noted that recent analysis of the current state of open innovation in Pharma & Biotech has revealed a higher successrate for

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India Space Agency Looks to Open Innovation

India Space Agency Looks to Open Innovation

By • on September 27, 2016

The Bangalore Mirror website reported that the concept of open innovation may be strongly considered by the Indian Space Research Organization (ISRO), to widen its avenues, welcome more technologies and make better use of its patent portfolio in commercial terms. The article noted that an organization

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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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