article thumbnail

Companies betting big on open innovation

hackerearth

Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. The free flow, in and out, of ideas and IP promotes innovative ecosystems. Why does open innovation work?

article thumbnail

NASA Announces Winners of Open Innovation Robot Contest

IdeaConnection

When NASA wanted help for the design of its next robot it knew just where to go for innovative insights – the crowd. The space agency launched an open innovation competition to design an arm for a space robot named Astrobee, and the first winners have just been revealed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Challenging the Assumption of the Status Quo

Innovation Excellence

(A Lesson Learned from Yogurt) GUEST POST from Robyn Bolton In September 2006, I moved to Copenhagen, Denmark, on a temporary assignment with BCG. As one does when arriving somewhere for an extended period, I went to the grocery store to stock my kitchen. Since the grocery store was on the ground floor of my […]

Learning 106
article thumbnail

Innovation and digital transformation of the healthcare industry

hackerearth

(For valuable information about the kinds of healthcare innovation, factors affecting innovation, barriers to innovation, and solutions, read Regina E. Herzlinger’s article titled “ Why Innovation in Health Care Is So Hard ,” which appeared in the May 2006 issue of Harvard Business Review.). Telemedicine.

article thumbnail

Innovation and digital transformation of the healthcare industry

hackerearth

(For valuable information about the kinds of healthcare innovation, factors affecting innovation, barriers to innovation, and solutions, read Regina E. Herzlinger’s article titled “ Why Innovation in Health Care Is So Hard ,” which appeared in the May 2006 issue of Harvard Business Review.). Telemedicine.

article thumbnail

7 Key Benefits of an Ideas Portal for Enterprises

Qmarkets

From centralizing idea collection to enhancing collaboration and accelerating the innovation process, these benefits demonstrate why enterprises are increasingly turning to idea management software to fuel their innovation engines. This approach breaks down silos between departments, promoting cross-functional teamwork.

article thumbnail

Qmarkets Selected as a Innovation Management Service Provider by Israeli Government Procurement Administration

Qmarkets

Founded in 2006, Qmarkets is an experienced leader in the domain of innovation management with leading global clients including Ford, Lufthansa, Intel, and many more. This effort resulted in the submission of over 500 innovative solutions, and the facilitation of over 83 successful collaborations. “We