Section » Open Innovation

By • on February 28, 2015

The Business Ghana website announced the Negawatt Challenge, an open-innovation competition that will leverage a variety of cities’ rich ecosystems of innovative entrepreneurs and technology hubs to surface software, hardware and new business solutions. Together, these components – and the innovators themselves – are capable of transforming

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Ecomagination Innovation Challenge Winners Tout Collaboration

Ecomagination Innovation Challenge Winners Tout Collaboration

By • on February 25, 2015

The  GEreports website noted that by inviting anyone, anywhere to submit a proposal, GE’s Ecomagination challenges harness the power of “open innovation,” a collaborative approach to finding new solutions for complex technological problems. Open innovation helps join “global dots” drawing

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Jumpstarting the U.S. Economy

Jumpstarting the U.S. Economy

By • on February 24, 2015

The Harvard Business Review website noted that most low-performing research-intensive U.S. firms are merely “sleepwalking” through their R&D investment decisions, simply maintaining their existing R&D initiatives, unwilling to incur greater risk. New investment decisions should place

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Open Innovation in Sports

Open Innovation in Sports

By • on February 18, 2015

The Innovation Excellence website reported that he sports industry is looking outside itself for innovations that provide a competitive advantage. Medicine, information technologies and lightweight materials from the space and aviation fields– all are making their contribution to the sporting industry,

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An example of Open Innovation in China

An example of Open Innovation in China

By • on February 16, 2015

The Business Spectator reports that Zhang Ruimin, the chairman of the Haier group of companies, wants to turn Western management theory on its head and transform Haier into a giant platform for innovation. As a maker of white goods, the old structure revolves around research and development and sales

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$2 Million Open Innovation Challenge

$2 Million Open Innovation Challenge

By • on February 16, 2015

The MarketWatch website reported that the NFL, GE and Under Armour have joined with the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) to launch Head Health Challenge III, an open innovation competition to advance materials that better absorb or dissipate energy.

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GE Open Innovation Manifesto

GE Open Innovation Manifesto

By • on February 7, 2015

On its website General Electric posted an “Open Innovation Manifesto,” saying “We believe openness leads to inventiveness and usefulness. We also believe that it’s impossible for any organization to have all the best ideas, and we strive to collaborate with experts and entrepreneurs

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Reducing Barriers to Open Innovation

Reducing Barriers to Open Innovation

By • on February 4, 2015

The BDaily website noted that the twenty-first century model of innovation is ‘open innovation’ which is based upon an environment in which there is an abundance of knowledge from which to draw. The basic principles of this approach include:  working with smart people both inside and outside the

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Open Innovation Lessons

Open Innovation Lessons

By • on February 3, 2015

The Huffington Post noted that the open innovation trend is well established. High profile examples the strong uptake by pharmaceutical companies of open innovation approaches have shown it to be both effective at developing new products and also a tactical move in business strategy. The evidence emerging

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Fear of Stolen Ideas

Fear of Stolen Ideas

By • on February 2, 2015

The Intrepreneur website noted that many companies have embraced open innovation. These companies are actively seeking out product ideas from inventors. The reason why is simple. At the same time that a company is able to lower its internal Research  & Development costs, it magnifies its chances

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