Open Innovation Community

Intel’s Martin Curley: “Era of Mass Collaboration”

OIC Editor — Tue, 21 May 2013 21:44:23 +0000

The SiliconRepublic website reported that Intel vice-president and director of Intel Labs Europe Martin Curley warned that at the present rate of consumption we will soon need two Earths to sustain human life. For this reason, he said the pace of innovation to reduce energy consumption and create a smarter, more sustainable planet is critical. Curley, who was speaking at the Open Innovation 2.0 conference at Dublin Castle May 20, said that at the current pace the Earth is consuming 1.3 times its current resources. He said this presents a massive challenge in terms of creating better models of energy consumption. “We need to enter an era of mass collaboration,” he added.

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Thoughts on Open Innovation

OIC Editor — Sat, 18 May 2013 13:29:26 +0000

The ConsortiumInfo.org website notes that the benefits of open innovation are increasingly recognized today, in part because the Internet has made it possible for so many to collaborate about so much so easily. Governments (e.g., in the U.K.) in particular are beginning to embrace the concept in areas like open data that hold enormous promise, not only for making progress possible in multiple domains, but also to help create new possibilities for domestic entrepreneurship. A new book of essays titled “Thoughts on Open Innovation” explores these issues.

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Pioneer of Innovation visits LUT

OIC Editor — Sat, 18 May 2013 04:46:16 +0000

The Lappeenranta University of Technology website reports that Professor Henry Chesbrough, a pioneer of innovation studies and creator of the Open Innovation research trend, will visit Lappeenranta University of Technology in Finland on May 30, 2013 and give the keynote speech in the Open Innovation seminar held at that time. Chesbrough has been appointed visiting honorary professor of the LUT School of Industrial Engineering and Management. Chesbrough introduced the concept for the first time in 2003 in his book “Open Innovation: The New Imperative for Creating and Profiting from Technology “. This book on the basics of open innovation revolutionized the way businesses view innovation.

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Bain on Open Innovation

OIC Editor — Tue, 14 May 2013 00:36:25 +0000

The Bain and Company website posted an article which noted that Open Innovation applies the principles of free trade to innovation, advancing new ideas through the use of tools such as partnerships, joint ventures, licensing and strategic alliances. By collaborating with outsiders—including customers, vendors and even competitors—Open Innovation enables the laws of comparative advantage to drive the efficient allocation of R&D resources. By reaching beyond corporate borders, a company can import lower-cost, higher-quality ideas from a wide array of world-class experts to improve the speed, quality and cost of innovation.

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Open Innovation Day in Lyon

OIC Editor — Sat, 11 May 2013 11:06:51 +0000

The OpenAlps website reports that the Open Innovation Day conference, June 26 in Lyon, will deal with topics such as the challenges of opening the innovation process as a company, models and methods of Open Innovation, tools available to facilitate collaboration with the stakeholders of an innovation ecosystem, and good practice examples of SMEs and big companies. Wim Vanhaverveke, the co-founder of the European Innovation Forum with Henry Chesbrough in 2012, will speak about “How to manage open innovation successfully”.

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Chesbrough on Open Innovation in Life Sciences

OIC Editor — Fri, 10 May 2013 23:48:46 +0000

The journal Nature published an interview with Henry Chesbeough. The article noted that open innovation has taken the business world by storm. In his 2003 breakout book, Chesbrough argued — based largely on observations of the computer industry — that companies need to look beyond their walls to thrive. Gone are the days when in-house research and development (R&D) muscle alone could dominate markets . The future’s giants will get the best bang for their research buck by bringing external ideas in and by letting internal ideas out. For drug discoverers, who have been battered by poor R&D returns, the promise of open innovation is appealing. Drug companies are increasingly talking the talk of open innovation and experimenting with academic collaborations, licensing deals, spin-outs and acquisitions.

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Multinational Food Company Launches New Challenge

OIC Editor — Tue, 07 May 2013 21:46:50 +0000

The Web Innovations site reported that a multinational food company with operations in South Africa has launched a new challenge on the Open Innovation Solution Exchange, a platform hosted by The Innovation Hub, in Pretoria. The food company is looking for a solution to optimize the decoloration of sorghum and millet varieties for use in human food without compromising their nutritional value. The Innovation Hub Open Innovation Solution Exchange platform was launched in November 2012 and has attracted significant interest from the innovation community in southern Africa.

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GlaxoSmithKline: Funding Open Innovation

OIC Editor — Sat, 04 May 2013 06:06:48 +0000

The 4-Traders website reported that GlaxoSmithKline (GSK) has announced a funding injection of up to £5m from the Wellcome Trust to support its open approach to discovering and developing urgently needed new treatments for diseases of the developing world. The funding will move early-stage research to the next level, to find new medicines for diseases such as TB, malaria, Leishmaniasis and sleeping sickness.

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Dissecting open innovation

OIC Editor — Thu, 02 May 2013 11:41:50 +0000

The Association for Project Management website posted a slide show and article on open innovation and intellectual property. In taking up when and how to practice open innovation, it is vitally important to understand what the external party is seeking from a relationship as this will heavily influence the success of any such venture. Talking about differing objectives leads nicely into the question of legal agreements and the article provides an insight into these. Firstly, they must form an integral part of any collaboration between two parties, whether they be companies or individuals. Secondly, there are common pitfalls within legal agreements that may be exploited by the larger of the parties to the detriment of the smaller.

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Open Innovation for Africa

OIC Editor — Wed, 01 May 2013 19:43:09 +0000

The IdeaConnection blog reported on the 2013 Innovation Prize for Africa competition. Ten African finalists have just been selected from more than 900 submissions from 45 countries. The annual open innovation contest is a global call for market-oriented ideas to help solve some of Africa’s most pressing problems whilst simultaneously driving economic growth. These include challenges such as sanitation, malaria, and access to energy. The competition also promotes the pursuit of science, technology engineering, and business careers to young people in Africa and shows how they can contribute to sustainable development in the continent.

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