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American Heart Association Launches Open Innovation Challenge

American Heart Association Launches Open Innovation Challenge

By • on August 19, 2014

The Crowdfund Insider website reported that the American Heart Association has launched its first Chicafo Open Innovation Challenge, a crowdsourced, crowdfunded and judged competition to uncover new innovative tools to prevent or manage heart disease and stroke. The top three finalists will receive grants from the American Heart Association totaling $25,000 and

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Real Life Lessons in Open Innovation and Intellectual Property

Real Life Lessons in Open Innovation and Intellectual Property

By • on August 18, 2014

A blog on the Managing Intellectual Property website noted that using intellectual property to build strategic partnerships is precisely in line with what Henry Chesbrough described in 2003 as “open innovation.”  A new school of thought is emerging where the value proposition of IP is modelled 

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Open to Innovation

Open to Innovation

By • on August 15, 2014

The Financial Express website reported that the Mahindra Group launched India’s biggest innovation prize—the ‘Rise Prize’ which offers $1 million for ideas and innovations involving the ‘Mobility Challenge’, which invites solutions for driverless cars in India, and the Solar Challenge for

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Scholars Explore OI and Crowdsourcing

Scholars Explore OI and Crowdsourcing

By • on August 14, 2014

The Working Knowledge website noted that whether it’s called crowdsourcing or open innovation, the growth of methods for yoking together groups of experts in various fields to work on vexing problems or groundbreaking ideas has become one of the hottest areas of academic research. The interest

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German Companies Slow to Take Up Open Innovation

German Companies Slow to Take Up Open Innovation

By • on August 13, 2014

The PlasticsToday website reported that the bottom line in many studies of open innovation is that, while there are distinct benefits to be gained from external knowledge sourcing, there has to be an internal infrastructure present in the company for this knowledge to be put to effective use.  Internal

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How Open Innovation Helped Create a Billion Dollar Brand

How Open Innovation Helped Create a Billion Dollar Brand

By • on August 12, 2014

The Ideaconnection website reported that Febreze has been one of the fastest growing brands for Procter and Gamble in recent years and it’s due to a combination of internal R&D and external innovation. Open innovation partners have been selected to develop, manufacture and commercialize Febreze-based

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Keeping Secrets Holds Back Innovation

Keeping Secrets Holds Back Innovation

By • on August 11, 2014

The website Insead asked the question, why are some firms more able to transform knowledge sourced externally into innovative outputs? It goes on to say open innovation is not just a matter of getting the right contacts. To get the most out of their open innovation strategy firms must start by creating

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Open Innovation in the Automobile Industry

Open Innovation in the Automobile Industry

By • on August 8, 2014

The MyScienceWork website reported that to imagine that vehicle of the future, PSA Peugeot Citroën established a policy of open innovation 5 years ago, which was made concrete with open innovation centers, in France and abroad, in partnership with universities. The economic crisis and increasingly complex

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Every Entrepreneur is a Digital Entrepreneur

Every Entrepreneur is a Digital Entrepreneur

By • on August 7, 2014

The ZDNet website reported on a new study by Accernture which said that the rise of digital technologies was paving the way for the emergence of the “digital entrepreneur”, accompanied by a new large-scale open innovation culture, which had the potential to open up 10 million jobs for young

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4 Ways Open Innovation Can Drive Your Business Forward

4 Ways Open Innovation Can Drive Your Business Forward

By • on August 6, 2014

The DigitalTonto website noted that Ever since GE built the first industrial lab in 1900, research and development has been a highly secretive affair.  Security protocols have been regarded almost as important as scientific ones.  Industrial espionage has been pursued as zealously as the political

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