Transparency is Key to Open Innovation

Research & Development

In order to compete and win in today’s global marketplace, innovation-driven companies have to find ways to create and develop products and services faster than ever before. Going outside their own four walls to source ideas and solutions in order to expedite the time-to-market cycle — commonly known as open innovation (OI) — has become a widely accepted and applied strategy for companies ranging from global chemical producers and automotive giants, to bioengineering and pharmaceutical companies, sports equipment, consumer and packaged goods makers – even state governments and the National Football League.

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