Aletsch Glacier, Switzerland Own work
The world’s most forward-thinking companies have been looking outside of their walls to expand their new innovation pipeline with an open innovation strategy. But what exactly does this open innovation concept mean, and what is the best way to deploy programs?
The short answer is that there aren’t straightforward answers to these questions, as initiatives will vary from company to company. For instance, Cisco runs an entrepreneur-in-residence program to identify potential acquisition targets, while The New York Times launched T-Brand Studio as an experimental agency services arm that became a core line of business within three short years.
“Corporate open innovation is really a mindset within an organization,” says Michele McConomy, Senior Vice President and General Manager of Corporate Innovation Services at RocketSpace. “It’s helping teams develop out-of-the-box ideas and do it in a way that can turbocharge the internal entrepreneurial spirit that made the company succeed in its earliest days.”
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Open innovation is undoubtedly becoming more and more common. Indeed, a paper by Henry Chesborough from a few years ago suggested that nearly 80% of organizations were already dabbling with open innovation in some form or other.
It is perhaps no surprise therefore that in 2015 Carlos Moedas, EU Commissioner for Research, Science and Innovation outlined the goals of his department as being ‘Open Innovation, Open Science and Open to the World’.
These thoughts have been firmed up in a recently published paper by the EU on their commitment to an open and transparent approach to innovation throughout Europe, and how this might manifest itself in policy in the coming years.
April 2012 (UTC) by Bensin (talk).
Over the years, citizen scientists have provided vital data and contributed in invaluable ways to various scientific quests. But they’re typically relegated to helping traditional scientists complete tasks the pros don’t have the time or resources to deal with on their own. Citizens are asked to count wildlife, for instance, or classify photos that are of interest to the lead researchers.
J&J has thrown open its R&D doors — to all comers. Will this uber-open-access strategy work?
Just five years ago, one of the last places one would have looked for innovation at Johnson & Johnson was in its Merryfield Road lab in La Jolla, Calif.
The Radical Experiment That’s Changing the Way Big Pharma Innovates