Archive for October, 2016

What is Open Innovation?

Sunday, October 16th, 2016

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By Martin Falbisoner – Own work, CC BY-SA 3.0,

Author: Jiyoon Ahn, edited by: Inês Barreiros

Open innovation is a term coined by Professor Henry Chesbrough, who defined it as “the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” Until the early 21st century, most innovation was ‘closed’, which was based on the belief that internal resources are the most reliable and trustworthy, and that closed doors would distance competitors. Over the past couple of decades, more businesses have been opening up their product development process to external ideas from suppliers, independent inventors, and academic researchers.

Penang Hosts Open Innovation Competition for Malaysian Makers

Sunday, October 16th, 2016

Image result for penang

The SEA Makerthon is a summer-long regional hackathon taking place in 10 cities across Southeast Asia. It was organized by the Southeast Asian Makerspace Network (SEAMNET) to address issues concerning sustainability. The theme “Designing a World with Zero Waste” will be addressed by makers in different ways based on local needs and interests.

Penang Hosts Open Innovation Competition for Malaysian Makers