1) Innovation intermediaries facilitate open innovation by connecting companies with external sources of innovation through organized networks and two-sided markets.
2) There are one-sided intermediaries like incubators and technology transfer offices, and two-sided intermediaries that coordinate between companies seeking innovation and external solvers.
3) Two-sided intermediaries follow a generic process - they identify innovation needs, broadcast them to qualified solvers, evaluate solutions, and help transfer technologies. Their business model involves fees from clients and solvers.
While open innovation is a defined concept, its methodology differs based on what companies are using it. Two cases - Inwido and Tetra Pak - take an open innovation approach to solving their internal challenges. Having chosen different approach to implement open innovation practices, both projects arrive to successful outcomes. Success factors for open innovation include involvement of top management, setting clear strategy for openness and participation and creation of open ecosystem. his presentation was held at the "Hands On - Open Innovation" one day workshop arranged by Ideon Open in Lund, Sweden.
More information about the event is at http://www.ideonopen.com/events
This document discusses identifying innovative ideas and approaches to innovation. It begins by outlining the role of ideas in the current globalized economy. It then distinguishes between invention, discovery, and innovation. The document discusses the ideation process and sources of innovative ideas, including changes in population, economics, education and culture. It also discusses different business models for innovation, including those driven by technology, costs, or relationships. The document notes the importance of addressing legal issues like intellectual property protection. It concludes that idea-driven companies need careful planning to balance experience and creativity while promoting the highest value creation with the fewest resources.
Sources of innovations have considerably changed in the past. How can policy makers react? What are the key desing features of new innovation support schemes. Based on the so called ANIS approach, regional innovation systems can be analysed and appropriate innovation support schemes developed.
Nina Simosko outlines the concept of full lifecycle innovation, which moves ambitious ideas from research and development labs through applied R&D with industry partners and into the development and commercialization of technology products and platforms. She describes the four phases of full lifecycle innovation as open innovation, applied R&D, product and platform development, and commercialization. Each phase requires different activities, partners, mindsets and criteria for progressing the ideas to the next stage, with the ultimate goal of transforming initial ideas into market realities that make a difference for enterprises.
Tanja Bisgaard at Innovation Forum in Reykjavik, May 2012Nordic Innovation
Green Business Model Innovation focuses on innovation in business models that decrease environmental impact. It includes life-cycle models like green supply chain management and take-back management, as well as functional sales models like selling a product's function as a service. Companies are embracing it due to rising resource prices, regulation, demanding customers, and investors. Case studies show positive financial and environmental results. Policies can promote it through funding, infrastructure development, and certification. Tools are also needed to help all companies work with green business model innovation.
Open keynote presented 19 Sept 2013 at workshop “Strategizing open innovation: foundations for new approaches” at the University of Bath, School of Management.
1) Innovation intermediaries facilitate open innovation by connecting companies with external sources of innovation through organized networks and two-sided markets.
2) There are one-sided intermediaries like incubators and technology transfer offices, and two-sided intermediaries that coordinate between companies seeking innovation and external solvers.
3) Two-sided intermediaries follow a generic process - they identify innovation needs, broadcast them to qualified solvers, evaluate solutions, and help transfer technologies. Their business model involves fees from clients and solvers.
While open innovation is a defined concept, its methodology differs based on what companies are using it. Two cases - Inwido and Tetra Pak - take an open innovation approach to solving their internal challenges. Having chosen different approach to implement open innovation practices, both projects arrive to successful outcomes. Success factors for open innovation include involvement of top management, setting clear strategy for openness and participation and creation of open ecosystem. his presentation was held at the "Hands On - Open Innovation" one day workshop arranged by Ideon Open in Lund, Sweden.
More information about the event is at http://www.ideonopen.com/events
This document discusses identifying innovative ideas and approaches to innovation. It begins by outlining the role of ideas in the current globalized economy. It then distinguishes between invention, discovery, and innovation. The document discusses the ideation process and sources of innovative ideas, including changes in population, economics, education and culture. It also discusses different business models for innovation, including those driven by technology, costs, or relationships. The document notes the importance of addressing legal issues like intellectual property protection. It concludes that idea-driven companies need careful planning to balance experience and creativity while promoting the highest value creation with the fewest resources.
Sources of innovations have considerably changed in the past. How can policy makers react? What are the key desing features of new innovation support schemes. Based on the so called ANIS approach, regional innovation systems can be analysed and appropriate innovation support schemes developed.
Nina Simosko outlines the concept of full lifecycle innovation, which moves ambitious ideas from research and development labs through applied R&D with industry partners and into the development and commercialization of technology products and platforms. She describes the four phases of full lifecycle innovation as open innovation, applied R&D, product and platform development, and commercialization. Each phase requires different activities, partners, mindsets and criteria for progressing the ideas to the next stage, with the ultimate goal of transforming initial ideas into market realities that make a difference for enterprises.
Tanja Bisgaard at Innovation Forum in Reykjavik, May 2012Nordic Innovation
Green Business Model Innovation focuses on innovation in business models that decrease environmental impact. It includes life-cycle models like green supply chain management and take-back management, as well as functional sales models like selling a product's function as a service. Companies are embracing it due to rising resource prices, regulation, demanding customers, and investors. Case studies show positive financial and environmental results. Policies can promote it through funding, infrastructure development, and certification. Tools are also needed to help all companies work with green business model innovation.
Open keynote presented 19 Sept 2013 at workshop “Strategizing open innovation: foundations for new approaches” at the University of Bath, School of Management.
Open Innovation: New Opportunities, New Challenges
Many companies are moving beyond the basics of open innovation making this new paradigm of innovation even more complex, challenging – and rewarding. This is the outset for this session with Stefan Lindegaard in which we get into these topics:
• the essentials: What open innovation is and why it matters?
• an overview of the mindset and skills needed to succeed with open innovation
• insights from companies on the leading edge of open innovation
Procter & Gamble open innovation approach Ideon Open
Presented at the Hands On Open Innovation workshops, this presentation explains why such giant as P&G engages in open innovation. P&G shares its approach to open innovation called Connect & Develop and reveals lessons the company has learned from applying open innovation practices.
More info about the event at http://www.ideonopen.com/events
Partnership for innovation? THINK TUDOR
Are you looking for a partner to help make your innovation project a success? The Public Research Centre Henri Tudor is committed to working alongside you, adopting a coconstructive approach based on trust, honesty and dialogue. We offer you 5 types of collaborations that we invite you to discover in the leaflet.
The document discusses open innovation and dynamic capabilities for industry growth. It argues that open innovation means valuable ideas can come from inside or outside a company. Dynamic capabilities refer to a company's ability to integrate, build and reconfigure resources to address changing environments. The document also discusses the importance of developing a portfolio of capabilities including operational, technological, open and dynamic capabilities. It emphasizes that business models mediate between technical and economic domains and must be innovated to drive growth.
Innovation is the glue between invention and investment, and transforms ideas into businesses. The process of innovation shapes your idea into something people will value and ultimately purchase.
The innovation process cycles through 4 key steps:
1) Ideas and Solutions
2) Business propositions
3) Business feasibility
4) Business planning
This presentation was from the webinar "Crowdsourcing for Product Managers" held on May 31/11. It looks at crowdsourcing as an option for product managers to help build better products, stay in tune with the market, and create stickiness with prospects and customers.
Crowdsourcing involves using an open call to a crowd of people either internal or external to an organization to provide ideas, solutions or support. It can be a viable research methodology when looking for expertise from diverse sources with limited funds or time. Examples show how companies like Dell, Quirky, Threadless, and Fiat have successfully used crowdsourcing for product development, idea generation, and research. Best practices include choosing the right crowd and incentive, monitoring content, keeping questions clear and simple, and providing follow up on crowd contributions.
Dr Andrew Barnett, Director, Policy Practice Ltd gave a seminar in the Innovation, Sustainability, Development: A New Manifesto series. His seminar was entitled 'Innovation - re-labelling research or a shift in paradigm: the current debate in agricultural research for development'. Find out more at: http://www.steps-centre.org/manifesto/index.html
The document discusses a living lab for small and medium enterprises (SMEs) to involve users in the product development process from an early stage. Some key benefits mentioned include detecting unintended problems or opportunities through active user involvement, conducting multi-method research to enrich products academically, and allowing technologies to be domesticated by users rather than just consumed. The living lab offers services to SMEs to help fast track the process from ideation to demonstration through co-creation with various user types and extra funding and support opportunities.
The document discusses the evolution of innovation through five generations of models from the 1950s to present. The first generation emphasized technology push through R&D. The second focused on market pull to meet needs. The third balanced technological opportunities with societal needs. The fourth optimized product life cycles through integrated processes. The fifth generation emphasizes open innovation through external partnerships and networks. The document then provides examples of open innovation through companies like InnoCentive that crowdsource solutions.
Business innovation involves putting new ideas or approaches into action to create commercially successful products or services. The innovation process typically involves research and development, invention, testing prototypes, and feedback before commercial launch. Innovation builds on invention by applying inventions to create marketable products or services. Innovation benefits businesses by improving productivity and reducing costs, increasing quality, building product ranges, and creating added value to differentiate from competitors. However, risks include competition replicating innovations, uncertain commercial returns on research investments, and difficulties securing financing for research and development activities.
Open Innovation Process and Open Closed Innovation Sandra Cecet
Research project by Sandra Cecet & Sanya Khanna. We are interested in the Open Innovation process, when, why and how is happens. As well, is it indeed such an open paradigm as a literature suggests.
Key Words: Open Innovation, Closed Innovation, Open-Closed Innovation, Multinational Companies, New Product Development, Radical Innovation, Mindset, Collaboration.
This document discusses making the business case for public engagement. It provides an overview of the organization Involve, which focuses on public and stakeholder engagement. It discusses how public dialogue can help improve policymaking in science and technology. While the costs of engagement projects are small compared to the fields they influence, not doing engagement can be far more costly due to public opposition or conflict. The document outlines tools and approaches for articulating the rationale for engagement and valuing its costs and benefits.
This document discusses open innovation and provides tips for how to succeed with an open innovation approach. It outlines a 6 step approach to open innovation including establishing a strategic plan, considering new business areas and technologies, and finding the best business model. The document also discusses developing an open and collaborative culture as a key success factor and that open innovation is as much a state of mind as a process.
Innovation is defined as a new idea, device, or method. It involves introducing something new that is more effective than what is already available. There are three main types of innovation: operational, which improves existing processes; tactical, which introduces new products or services; and strategic, which disrupts existing markets to create new ones. Strategic innovation does not follow existing market rules and takes advantage of weaknesses in the market to differentiate itself. It connects users rather than owning them and relies on users to generate value in order to create new markets and new types of users. For a company to survive disruption, it may need to disrupt itself through strategic innovation.
This document discusses how open model projects can learn from successful open source projects to become long-term sustainable. It proposes that open model projects should have an open source-style legal definition, use an open collaborative process, and establish a business model like developer foundations. Specifically, it suggests that modeler foundations could lower costs and increase market share by managing the development of open models available to member companies and individuals. To get started, the document recommends engaging companies that create modeling tools rather than just researchers.
This document provides an overview of open innovation. It begins with introducing the speakers and goals of discussing open innovation without hype, exploring key themes practically, and sharing case studies and exercises. The topics to be covered include definitions of open innovation, benefits for organizations, differences between large and small companies, the ideal open innovation ecosystem, and a collaboration exercise. Overall, the document aims to provide insights into open innovation from life science and IT sectors through mixing presentations and group activities.
This document discusses open and social innovation using collective intelligence. It presents key concepts of open innovation including leveraging ideas from outside the company. Traditional innovation is compared to open innovation, noting that open innovation is emergent and allows ideas from many individuals. Benefits include increased ideation and thinking outside the box. Challenges include lack of participation and information overload. The document provides examples of open innovation platforms and strategies for successful implementation.
Open Innovation: New Opportunities, New Challenges
Many companies are moving beyond the basics of open innovation making this new paradigm of innovation even more complex, challenging – and rewarding. This is the outset for this session with Stefan Lindegaard in which we get into these topics:
• the essentials: What open innovation is and why it matters?
• an overview of the mindset and skills needed to succeed with open innovation
• insights from companies on the leading edge of open innovation
Procter & Gamble open innovation approach Ideon Open
Presented at the Hands On Open Innovation workshops, this presentation explains why such giant as P&G engages in open innovation. P&G shares its approach to open innovation called Connect & Develop and reveals lessons the company has learned from applying open innovation practices.
More info about the event at http://www.ideonopen.com/events
Partnership for innovation? THINK TUDOR
Are you looking for a partner to help make your innovation project a success? The Public Research Centre Henri Tudor is committed to working alongside you, adopting a coconstructive approach based on trust, honesty and dialogue. We offer you 5 types of collaborations that we invite you to discover in the leaflet.
The document discusses open innovation and dynamic capabilities for industry growth. It argues that open innovation means valuable ideas can come from inside or outside a company. Dynamic capabilities refer to a company's ability to integrate, build and reconfigure resources to address changing environments. The document also discusses the importance of developing a portfolio of capabilities including operational, technological, open and dynamic capabilities. It emphasizes that business models mediate between technical and economic domains and must be innovated to drive growth.
Innovation is the glue between invention and investment, and transforms ideas into businesses. The process of innovation shapes your idea into something people will value and ultimately purchase.
The innovation process cycles through 4 key steps:
1) Ideas and Solutions
2) Business propositions
3) Business feasibility
4) Business planning
This presentation was from the webinar "Crowdsourcing for Product Managers" held on May 31/11. It looks at crowdsourcing as an option for product managers to help build better products, stay in tune with the market, and create stickiness with prospects and customers.
Crowdsourcing involves using an open call to a crowd of people either internal or external to an organization to provide ideas, solutions or support. It can be a viable research methodology when looking for expertise from diverse sources with limited funds or time. Examples show how companies like Dell, Quirky, Threadless, and Fiat have successfully used crowdsourcing for product development, idea generation, and research. Best practices include choosing the right crowd and incentive, monitoring content, keeping questions clear and simple, and providing follow up on crowd contributions.
Dr Andrew Barnett, Director, Policy Practice Ltd gave a seminar in the Innovation, Sustainability, Development: A New Manifesto series. His seminar was entitled 'Innovation - re-labelling research or a shift in paradigm: the current debate in agricultural research for development'. Find out more at: http://www.steps-centre.org/manifesto/index.html
The document discusses a living lab for small and medium enterprises (SMEs) to involve users in the product development process from an early stage. Some key benefits mentioned include detecting unintended problems or opportunities through active user involvement, conducting multi-method research to enrich products academically, and allowing technologies to be domesticated by users rather than just consumed. The living lab offers services to SMEs to help fast track the process from ideation to demonstration through co-creation with various user types and extra funding and support opportunities.
The document discusses the evolution of innovation through five generations of models from the 1950s to present. The first generation emphasized technology push through R&D. The second focused on market pull to meet needs. The third balanced technological opportunities with societal needs. The fourth optimized product life cycles through integrated processes. The fifth generation emphasizes open innovation through external partnerships and networks. The document then provides examples of open innovation through companies like InnoCentive that crowdsource solutions.
Business innovation involves putting new ideas or approaches into action to create commercially successful products or services. The innovation process typically involves research and development, invention, testing prototypes, and feedback before commercial launch. Innovation builds on invention by applying inventions to create marketable products or services. Innovation benefits businesses by improving productivity and reducing costs, increasing quality, building product ranges, and creating added value to differentiate from competitors. However, risks include competition replicating innovations, uncertain commercial returns on research investments, and difficulties securing financing for research and development activities.
Open Innovation Process and Open Closed Innovation Sandra Cecet
Research project by Sandra Cecet & Sanya Khanna. We are interested in the Open Innovation process, when, why and how is happens. As well, is it indeed such an open paradigm as a literature suggests.
Key Words: Open Innovation, Closed Innovation, Open-Closed Innovation, Multinational Companies, New Product Development, Radical Innovation, Mindset, Collaboration.
This document discusses making the business case for public engagement. It provides an overview of the organization Involve, which focuses on public and stakeholder engagement. It discusses how public dialogue can help improve policymaking in science and technology. While the costs of engagement projects are small compared to the fields they influence, not doing engagement can be far more costly due to public opposition or conflict. The document outlines tools and approaches for articulating the rationale for engagement and valuing its costs and benefits.
This document discusses open innovation and provides tips for how to succeed with an open innovation approach. It outlines a 6 step approach to open innovation including establishing a strategic plan, considering new business areas and technologies, and finding the best business model. The document also discusses developing an open and collaborative culture as a key success factor and that open innovation is as much a state of mind as a process.
Innovation is defined as a new idea, device, or method. It involves introducing something new that is more effective than what is already available. There are three main types of innovation: operational, which improves existing processes; tactical, which introduces new products or services; and strategic, which disrupts existing markets to create new ones. Strategic innovation does not follow existing market rules and takes advantage of weaknesses in the market to differentiate itself. It connects users rather than owning them and relies on users to generate value in order to create new markets and new types of users. For a company to survive disruption, it may need to disrupt itself through strategic innovation.
This document discusses how open model projects can learn from successful open source projects to become long-term sustainable. It proposes that open model projects should have an open source-style legal definition, use an open collaborative process, and establish a business model like developer foundations. Specifically, it suggests that modeler foundations could lower costs and increase market share by managing the development of open models available to member companies and individuals. To get started, the document recommends engaging companies that create modeling tools rather than just researchers.
This document provides an overview of open innovation. It begins with introducing the speakers and goals of discussing open innovation without hype, exploring key themes practically, and sharing case studies and exercises. The topics to be covered include definitions of open innovation, benefits for organizations, differences between large and small companies, the ideal open innovation ecosystem, and a collaboration exercise. Overall, the document aims to provide insights into open innovation from life science and IT sectors through mixing presentations and group activities.
This document discusses open and social innovation using collective intelligence. It presents key concepts of open innovation including leveraging ideas from outside the company. Traditional innovation is compared to open innovation, noting that open innovation is emergent and allows ideas from many individuals. Benefits include increased ideation and thinking outside the box. Challenges include lack of participation and information overload. The document provides examples of open innovation platforms and strategies for successful implementation.
Co-creatie presentatie TNO Nyenrode future of businessMartijn Staal
This document discusses co-creation and provides examples of how companies have implemented co-creation strategies. It defines co-creation as developing and improving products and services together with users, customers, consumers, companies, and experts through dialogue. The document notes that consumers are increasingly empowered through technologies like social media and user-generated content. It argues that companies should view the crowd not as a threat but as an opportunity by giving direction to their ideas and starting a dialogue. The document then provides recommendations for developing a co-creation strategy, including determining objectives, choosing the right innovation process phases, identifying needed expertise, selecting target groups, and choosing appropriate platforms. It concludes by presenting examples of companies that have successfully implemented co-creation, such
The document discusses the evolution of innovation models from closed to open. It explains that in the past, companies relied solely on internal research and development, but that open innovation has become more important. Open innovation involves collaborating with external partners such as suppliers, customers, universities and more. This allows companies to access a wider range of ideas and expertise beyond their own walls. Some challenges of open innovation mentioned include changing company culture, managing partnerships and intellectual property issues. Overall open innovation is seen as key to innovation in many industries like food and drink where collaborations with suppliers, customers and consumers dominate the ecosystem.
Helix Open Innovation Caspar Van Rijnbach 2 [Compatibility Mode]Caspar Rijnbach v.
This document discusses open innovation and the Helix Innovation Hive's experiences with open innovation programs and platforms. Some key points:
- Fiat's Mio open design platform allowed over 10,000 ideas to be submitted by users for the car's design.
- Open innovation requires adopting a new mindset of tapping into external knowledge and expertise rather than relying solely on internal R&D.
- Philips' High Tech Campus in the Netherlands fosters collaboration between startups, universities and partners through its technology park and "Research Hotel" concept.
- Natura develops 50% of its new technologies through external partnerships with universities, research centers and other organizations to support open innovation.
- The
Open Innovation - Best Practices for Raw Material CompaniesTimo Ropponen
Mining and raw materials companies have longer and costly innovation cycles.The objective of the project was to build on top of the established Open Innovation (OI) body of knowledge a set of best practices and tools specifically tailored to raw material companies. The project consisted of an open innovation assessment study and piloting a digital collaboration tool in an online OI workshop in a mining company.
InfoPro steht für „Open Information Processing withing Innovation Networks“. Im ersten Newsletter erfahren Sie wissenswertes über Open Innovation sowie Neuigkeiten über die Projektaktivitäten des VDC und der Partner aus Polen, Ungarn und den Niederlanden.
Whatever stage you\’re at in getting your idea to market we are here to help. That includes prioritising ideas to pick winning products, developing ideas through design, research and prototyping, and finally assisting in the financial and commercial aspects of product launch. We can even help you generate new product ideas if you don’t have any of your own! So come and talk to us and learn more about how we can work together to turn your ideas into reality.
This upcoming Wikimania 2008 tutorial discusses the three principles of “open collaboration” which I believe are underlying wikis, open source, and other forms of peer production.
The Innovation Partnership Program is a 4-day program delivered by X PRIZE Foundation and Singularity University aimed at helping large companies transition to more innovative, exponential organizations. The program exposes company executives to emerging technologies through presentations and teaches methods for leveraging crowdsourcing and incentive competitions to drive innovation. Participants work to develop concepts for prizes and tools their companies can use to solve problems more quickly and at lower cost. The goal is for companies to return with new approaches to drive breakthroughs.
1) The document discusses how open innovation and knowledge management can work together to drive innovation. It argues that most innovation comes from outside an organization and that true innovation requires accessing diverse sources of knowledge.
2) Key principles of open innovation discussed include making it a collaborative process where ideas are shared rather than protected. This allows organizations to leverage knowledge from a wide network rather than relying solely on internal R&D.
3) Knowledge management plays a role in open innovation by capturing both tacit and explicit knowledge, managing intellectual property, and facilitating knowledge sharing across organizational and sector boundaries. When combined, open innovation and knowledge management represent a new paradigm for innovation.
This document discusses community driven innovation and how organizations can leverage external communities. It begins by introducing Red Hat's model of participating in open source communities to develop products in a cost effective manner. It then presents a community innovation pyramid with four levels: 1) listen to customers, 2) listen to the community, 3) innovate through the community, and 4) innovate within the community. The rest of the document provides advice on how organizations can operate at each level of the pyramid, including how to build and engage external communities, integrate community input, and adapt internal processes to support shared innovation.
Open Innovation: An Paradigm Shift for Sustainable Brand Pioneers - Henry Che...Sustainable Brands
Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal value creation, and expand the markets for external use of innovation. The paradigm assumes that for invention and scientific advancement, firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology. Dr. Henry Chesborough provides a look at the idea of open innovation as a backdrop to this year's launch of GreenXChange, an open sustainable intellectual property platform and coalition launched at Davos in January.
NovigoLabs introduces a collaborative platform to bring together brilliant minds through discovery and innovation to meet the needs of a growing population. The platform connects ideas to teams, teams to resources, resources to prototypes, and products to market. NovigoLabs aims to lower costs and decrease time-to-market through open collaboration.
The Role of Universities and Community Colleges in Stimulating the Creative R...OntarioEast
The document discusses the role of universities and community colleges in stimulating creative rural economies through education and commercialization. It provides an overview of Queen's University, noting that it is a comprehensive university offering undergraduate and graduate programs across many disciplines with over 18,000 students and $400 million operating budget. It emphasizes the importance of partnerships between educational institutions and community partners to achieve common goals and shared resources for mutual benefit. The document encourages questions.
The document proposes an open innovation framework for established companies. It discusses roles, processes, and policies needed to implement open innovation. The key roles include external brokers, internal brokers, champions, and scouts. The main processes are the outside-in process of acquiring external ideas and assets, the inside-out process of commercializing unused internal assets, and trend scouting. Policies around intellectual property, knowledge management, collaboration, and communication are also important. The goal is to design a tailored open innovation model that leverages a company's existing competencies and culture to create sustainable innovation.
Involve presentation: making the case for public engagementInvolveFoundation
Involves's presentation for the Science Communication conference with the British Science Association on Making the Business Case for Public Engagement
Radical Open Innovation - Openness by default to solve the most challenging problems!
create value within complex open innovation networks
Increase the opportunities to be ask for joining an real open innovation project.
Soliciting Ideas and search for collaborators for your open innovation project on our Real Open Innovation platform site.
Be part of a vibrant open community that strives for value creation in a sustainable way.
This document discusses integrating intellectual property (IP) protection with open innovation business practices. It provides an overview of an event on this topic, including presentations from Bob Ford on open innovation business practices and John Harris from Gowlings law firm on protecting and licensing IP in open innovation models. The document also includes background information on open innovation, describing it as using internal and external ideas to accelerate innovation. It discusses expectations businesses have of institutional partners in open innovation clusters.
Similar to Stevenage Bioscience Catalyst and Open Innovation (20)
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
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The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
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Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
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The Role of White Label Bookkeeping Services in Supporting the Growth and Sca...YourLegal Accounting
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During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
2. What is Open Innovation?
• It’s a strategic approach • Best defined by degrees
rather than absolutes:
• On the surface, it has
What’s the organisation’s
elements in common with
habitual behaviour? Are its
traditional environments -
partnerships genuinely
but takes them further and collaborative or just
deeper supply/demand
transactions?
3. What is Open Innovation?
It’s a mindset – it’s not just about out-sourcing some R&D
Closed/
Preferred / habitual behaviour: Open
Traditional
Pro-actively seek and adopt external IP x
Share IP and knowledge with others (including creation of
x
publicly available databases)
Confine innovation to the R&D dept x
Control all stages of the innovation process x
Share responsibility with partners for investigating
x
opportunities and fixing problems
Collaborate & co-develop with partners, rather than
x
supply & demand transactions
4. What is Open Innovation:
the SBC definition
Open Innovation is about combining internal and external assets via
collaboration at any point in the innovation process. It is
characterised by:
• highly effective use of connections and networks to exchange
knowledge, expertise and ideas
• external partners being involved at any stage, not just idea-
generation
• equitable win-win business relationships where issues are tackled
together
• openness towards new business models to maximise the value of
IP and other assets
5. Open Innovation: why?
Benefits shown in other companies and sectors:
• Enhanced strength of pipeline
• Increased revenues
• Faster time to market
• Access to know-how, IP, ideas, knowledge, databases, new
technologies
• Becoming ‘the partner of choice’
6. Open Innovation: why?
As an early front-runner in open innovation, Procter & Gamble has
shown what it can do.
2003 2008
Innovations developed with outside partners,
15% 50%
as % of all innovations
Revenues $43.37 billion $83.5 billion
R&D budget $1.92 billion $2.32 billion
R&D budget as % of revenues 4.8% 3.4%
7. Open Innovation: why?
Open Innovation works in a diverse range of sectors:
• Digital/telecom (Forum Virium partnership in Helsinki; ‘open source’
software such as Linux)
• Financial services (Thomson Reuters)
• National Air Traffic Services (NATS) and Formula 1
• Toys and Games (Lego Mindstorms)
8. Open Innovation: benefits to SMEs
By partnering with a large company, the SME can:
• Access new markets that were otherwise beyond its reach
• Access know-how, facilities, IP, ideas, networks
• Enjoy a faster route to market
9. Open Innovation: works through a strong
community of shared interests
Charities/public sector Academia and
Bioscience SMEs eg CRUK, MRC technology transfer
offices
Professional
Big pharma service firms
eg VCs, angels
Stakeholders:
Wellcome Trust Tenant Referrals
SBC as an incubator
GSK, BIS, TSB, EEDA
10. How will tenants experience
SBC’s approach to open innovation?
The tenant is in charge, as a free agent in an open environment:
• No commitments whatsoever to SBC or GSK, including IP rights (other
pharma-owned incubators have insisted on rights just for tenancy)
• Free to work with any organisation, including other pharma
• If SME does choose to collaborate with GSK, terms are negotiated on
a project by project basis
• Access to GSK expertise, facilities, e-Journals, services
• Access to SBC’s open innovation community: investor network, start-
up funding, professional advisors, academics, vibrant science
networks, other SMEs, virtual tenants, open calls for solutions to
selected biomedical challenges
11. Open Innovation: what it means to SBC
• SBC is well-positioned to become a national resource for
biomedical open innovation
• SBC is uniquely positioned to boost collaboration at a business-to-
business level, alongside academic-business interactions
• SBC is one part of a wide-ranging commitment to open innovation
by GSK. Sister initiatives include Tres Cantos; pricing policy on
diarrhoea vaccines; and publicly available data on 1000s of
potential anti-malaria compounds.
12. What gets us excited about open innovation?
We want everyone
to be at higher risk of having a great idea
and making it work...
...biotechs, pharma, stakeholders, and UK plc
13. Get in touch with SBC
and join the discussion
Website: www.stevenagecatalyst.com
Twitter: twitter.com@SteBioCat
LinkedIn group: Stevenage Bioscience Catalyst Open Innovation
Editor's Notes
It is important to emphasise these are ‘preferred’ behaviours, i.e. these statements about activity are generalisations. There may beorganisations that have occasionally carried out some of these ‘open innovation’ activities on an ad hoc basis, but an organisation committed to OI has it embedded in their strategy, their culture and their everyday operations.
Stefan Lindegaard defines open innovation as “...bridging internal and external resources throughout the entire innovation process”. See “The Open Innovation Revolution” by Stefan Lindegaard (2010) John Wiley & Sons LtdHenry Chesbrough, the academic most associated with the study and understanding of open innovation, defines 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. [This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology.”Henry Chesbrough, Open Innovation: Researching a New Paradigm (2006)
Data is from:Frank Evan (2009) “Defining Success in Open Innovation” , a white paper from ninesigma. Data were provided to ninesigma by AG Lafley, CEO of P&G at the time. Download this documentfrom:http://www.ninesigma.com/Uploads/Resources/Defining%20Success%20in%20Open%20Innovation.pdf
Website for the Forum Virium partnership of Finnish companies:http://forumvirium.fi/enA case study of Thomson Reuters and its transition to an open innovation organisation can be found at NESTA:http://www.nesta.org.uk/publications/business_briefings/assets/features/making_the_transition_to_collaborative_innovationA report of NATS using Formula 1 software toreduce aeroplanecarbon emissions can be found at:http://edition.cnn.com/2011/TECH/innovation/08/24/f1.air.traffic.control/index.htmlThe story behind Lego Mindstorms, where Lego decided to collaborate with enthusiasts hacking into its own systems, can be found at:http://www.ideaconnection.com/open-innovation-success/Lego-Success-Built-on-Open-Innovation-00258.html
The community/network aspect is critical to the whole open innovation approach. Open Innovation is about collaboration and co-development, which rely on connecting, sharing, and communicating. Knowledge, ideas, opinions and data need to flow easily between groups, organisations, disciplines and sectors. Stevenage Bioscience Catalyst will be built on face-to-face and virtual communities that let innovation thrive.
Background:Professor Ron Burt at the University of Chicago conducts research into the ways that social networks create competitive advantage. People who are connected to multiple networks can cross-fertilise ideas between those networks, and his research indicates they are ‘at higher risk of having a good idea’ because of this connectivity. See for example: Ronald S. Burt (2003) “Structural holes and good ideas” pp1-2, University of Chicago Booth: pre-print of an article to appear in the American Journal of Sociology. Download from http://faculty.chicagobooth.edu/ronald.burt/research/index.htmlSBC’s open innovation strategy is built on this principle – creating a physical and virtual space where companies, academics, clinicians, investors and business professionals can bring together knowledge and expertise to create something that truly is more than the sum of the parts.