Open Innovation

Open Innovation is a term promoted by Henry Chesbrough, a professor and executive director at the Center for Open Innovation at Berkeley. The concept is related to (but distinct from) User Innovation, Cumulative Innovation and Distributed Innovation.

• his book ISBN:1422102831
• accompanying site http://www.openinnovation.net/

The central idea behind open innovation is that in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (i.e. Patent-s) from other companies. In addition, internal inventions not being used in a firm's business should be taken outside the company (e.g., through licensing, JointVentures, Spin Off-s).

http://en.wikipedia.org/wiki/Open_innovation

Jeff Howe/Wired Mag article (2006)

• some R And D examples: Open Innovation
  • Innocentive http://www.innocentive.com/ funded by PharmCo Eli Lilly
  • Your Encore http://www.yourencore.com uses the Retirement crowd
  • Nine Sigma http://www.ninesigma.net/
  • Collaborative Drug Discovery http://www.collaborativedrug.com/
  • Consumer Electronics - Crowd Spirit http://www.trendwatching.com/trends/crowdclout.htm http://www.crowdspirit.org/