Section » Open Innovation

Success With Open Innovation Portals

Success With Open Innovation Portals

By OIC Editor • on April 23, 2014

The Idea Connection website noted that the high costs associated with R&D functions, the equally high risk of failure and uncertain economic conditions has led to an increase in the adoption of open innovation methods. They include technology scouting, partnerships, knowledge brokering, idea contests and crowdsourcing. One approach that’s

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GE: The Future of Manufacturing

GE: The Future of Manufacturing

By OIC Editor • on April 22, 2014

The TechRepublic website reported that General Electric has launched  FirstBuild, a “microfactory” and open community for students, engineers, and innovators on the University of Louisville campus in Louisville, Kentucky. The company wants to create a new business model for the manufacturing

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Desalination Open Innovation Challenge

Desalination Open Innovation Challenge

By OIC Editor • on April 22, 2014

The Ecopreneurist website reported that to spur innovation in seawater desalination, GE and Saudi Aramco have partnered on an open innovation challenge that seeks to use “innovative renewable energy processes or new materials” to significantly lower the cost of the process, and in so doing,

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Open Innovation meets the Collaborative Economy

Open Innovation meets the Collaborative Economy

By OIC Editor • on April 21, 2014

The P2P Foundation blog posted a call for papers on “The City as a Lab: Open Innovation meets the Collaborative Economy” for publication in  the California Management Review. The blog notes that under the growing pressure on municipal infrastructure, a new breed of smart cities are looking

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Changing the Innovation Game

Changing the Innovation Game

By OIC Editor • on April 17, 2014

The Innovation Excellence website noted that Open Innovation has gained a lot of traction since Henry Chesbrough’s seminal 2003 book on the subject. The best Open Innovation programs are fully aligned with strategy and have a clear view of what they need to deliver. Companies need to attract potential

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Open Innovation in the 21st Century

Open Innovation in the 21st Century

By OIC Editor • on April 15, 2014

The International Chamber of Commerce website issued a research paper which looks at the origins and evolution of open innovation, contrasting these with the traditional “closed” approach to research and development. “Open innovation is expected to become the most prevalent innovation

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Working the Crowd to Solve Civic Issues

Working the Crowd to Solve Civic Issues

By OIC Editor • on April 13, 2014

The IdeaConnection website noted that open innovation is providing communities in numerous countries with the means to start to affect change in their localities. Not only as a way to report civic problems but also to ideate, design, develop and implement the solutions. Just as some companies realize

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Catalyzing Innovation

Catalyzing Innovation

By OIC Editor • on April 12, 2014

The Liebertpub website published a case study of the journey that Coca-Cola, Ford, H.J. Heinz, Nike, and Procter & Gamble took in the formation and operation of the Plant PET Technology Collaborative (PTC). The technical complexity, investments required, and risks in advancing 100% bio-polyethylene

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Unilever Recognized for Transformational Open Innovation

Unilever Recognized for Transformational Open Innovation

By OIC Editor • on April 11, 2014

The Digital Journal reported that Unilever was presented with the Open Innovation Partner of Choice Award during the 8th Annual Open Innovation Conference held in Philadelphia, PA, April 7-9. Unilever was placed into nomination and subsequently selected through a process that elicited the response of

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Speeding Innovation in the Smart Tech World

Speeding Innovation in the Smart Tech World

By OIC Editor • on April 11, 2014

An article on EBN website noted that to maintain and accelerate the speed of innovation, the electronics industry needs to move from a system of closed innovation to one of open innovation. Companies can go deeper with product innovations if they have building blocks in key areas: sensors and actuators,

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