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How China Creates the Strongest Innovation System

The BMI Lab Blog

In 2003 BYD created an automotive subsidiary, specializing in building electric cars. The majority of venture capital investment is in digital technologies such as big data, artificial intelligence (AI) and financial technology companies. BYD became the second largest battery company in 2002.

System 58
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33 Routes to Open Innovation

Open Innovation EU

It has been a while since Henry Chesbrough coined the term Open Innovation and formulated it’s definition: “combining internal and external ideas as well as internal and external paths to market to advance the development of new technologies.” ” ( Chesbrough, 2003 ). Route 3: Spin-off.