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Innovation Ecosystems: The future of Open Innovation

Idea to Value

For the past decade or so, one of the most popular ideas in innovation has been around Open Innovation. This is the practice of innovating and co-creation in collaboration with people outside of your company. In most cases, innovation at these companies still happens primarily in-house.

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Examples of Businesses navigating complexity by fostering Ecosystems.

Paul Hobcraft

By reacting and exploring, searching for change and competitive advantage, each company below has explored through technology and partnerships opportunities that build upon their Ecosystem’s unique strengths. Procter & Gamble (P&G): Approach: P&G has embraced open innovation and collaboration with external partners.

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How Effective is Open Innovation?

100%Open

For example, this month’s tool in the spotlight is 100%Open Innovation Metrics. Many organisations now have the opportunity to look back at their open innovation programmes with an appraising eye. Does it result in faster innovation, more profit or higher scientific value? How open is your organisation ?

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A Portal to Open Innovation: Insights from yet2’s webinar with industry leaders

Yet2

However, it can be difficult to market innovation needs efficiently and attract the right submitters. yet2 hosted a webinar with Tomoharu Hayama, Open Innovation Manager, Kobayashi Pharmaceuticals, and Kendra Gittus, Global Innovation Lead, Syngenta, to discuss open innovation portal setup, insights, and outcomes.

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Optimising Your Return on Open Innovation

100%Open

.” As HeroX have noted in their blog post reflecting on the interview, there are five main points that came across during the Twitter Space: 1 – Open Innovation metrics are possible. Principle number one is to measure the benefits and the costs from both perspectives in your open innovation partnership.

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Open innovation & crowdsourcing resources

Board of Innovation

Open innovation & crowdsourcing resources Open Innovation, crowdsourcing, co-creation… overlapping terminologies to describe a trend towards more open business models and a closer collaboration with customers. On this page we gather a list of inspiring examples.

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Innovation Management in 2023: Open Innovation & Partnerships

Innov8rs

For corporates, open innovation is all about being transparent and public about the challenges and themes they're looking to go after and solve, and then finding the best-fit partners for that. Together we discussed what's next for open innovation and partnerships, as summarized below. What can’t be missing?