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Big companies are relying on mergers and acquisitions, joint ventures, and licensing, with huge funds set aside to grow and consolidate, for continuous and disruptive innovation. Source: Stanford SocialInnovation Review. Part 1: India. It is an autonomous body of the Department of Science and Technology (DST).
Open Innovation Open innovation leverages external expertise by collaborating with customers, suppliers, research institutions, and other stakeholders. It accelerates innovation cycles and fosters industry leadership by tapping into a wider knowledgebase.
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