L’Oréal Invests in Beauty Tech of the Future

L’Oréal Invests in Beauty Tech of the Future

By • on September 28, 2022

The Consumer Goods Technology website reported that L’Oreal is doubling down on building out tech that could transform the future of beauty. As part of this strategy, it is investing $140 million in a research and innovation center in Clark, New Jersey that will be fully operational by 2024. Sanford Browne, North America president of research

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The Corporate Venture Comeback

The Corporate Venture Comeback

By • on May 4, 2022

The Tech Crunch website noted that corporations have come to realize the potential of a more open innovation strategy, where they invest in external startup ideas rather than only experimenting internally. This shift is why many corporates have investment funds specifically dedicated to startups —

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Jaguar Land Rover Announces Open Innovation Strategy for Next-Generation Vehicles

Jaguar Land Rover Announces Open Innovation Strategy for Next-Generation Vehicles

By • on May 3, 2022

The Express Mobility website reported that Jaguar Land Rover has launched a new Open Innovation strategy, to accelerate next-generation technology and sustainability to support its Modern Luxury vision for the business, its partners, and customers. Open Innovation will collaborate with start-ups, scale-ups

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Open Innovation’s Role in Development and Go-To-Market Strategies

Open Innovation’s Role in Development and Go-To-Market Strategies

By • on September 29, 2021

The PharmaLive.com website reported that a recent example of a comprehensive approach to open innovation strategy is the Pfizer COVID-19 vaccine. Pfizer issued its five-point plan, which embraced open innovation in all areas of development, and provided open access tools with the scientific community,

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The Impact of Open Innovation Challenges on Automotive Component Manufacturers’ Competitiveness

The Impact of Open Innovation Challenges on Automotive Component Manufacturers’ Competitiveness

By • on July 29, 2021

The Taylor & Francis Online website posted a study which  aimed to examine the impact of open innovation strategy challenges on the competitiveness of automotive component manufacturers (ACMs) in South Africa. It addressed ACM open innovation challenges and their effect on competitiveness and the

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6 Recommendations to Define Your Corporate Venturing Strategy

6 Recommendations to Define Your Corporate Venturing Strategy

By • on July 15, 2021

The Entrepreneur website listed six recommendations in launching an open innovation strategy. 1. Ask key initial questions such as “What do I want to achieve with an open innovation program? Do I have the support of management and the board of directors?” 2. Expand the conversation to the

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Kebotix, Bayer Collaborate to Speed Delivery of Agricultural Innovations

Kebotix, Bayer Collaborate to Speed Delivery of Agricultural Innovations

By • on April 21, 2021

The Street Insider website reported that arming farmers with innovative crop protection tools powered by a faster data-driven system is the focus of a new collaboration between technology platform company Kebotix and Bayer. Kebotix scientists will join other industry leaders to discuss Bayer’s open

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DuPont Nutrition & Biosciences Investing in the Future of Food

DuPont Nutrition & Biosciences Investing in the Future of Food

By • on December 22, 2020

The Dairy Reporter website reported that DuPont Nutrition & Biosciences is accelerating its open innovation strategy to prepare food and beverage manufacturers for fast-developing trends and change. The short-list of start-up partners for 2021 has already been drawn up. By the middle of next year,

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The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

By • on July 6, 2020

The Inder Science Online website posted an article which explores how the adoption of an open innovation strategy changes the business model, specifically, in the case of small and medium enterprises (SMEs). Previous studies have mainly addressed this topic theoretically, and the original contribution

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Establishing a Typology of Open Innovation Strategies

Establishing a Typology of Open Innovation Strategies

By • on June 27, 2019

An article in the Asia Pacific Journal of Management noted that firms use an open innovation strategy to explore external knowledge or exploit internal knowledge to benefit their product/service innovations, and thus enhance their innovation performance. However, a lack of relational mechanisms makes

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