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Open Innovation: Your Guide to Harnessing and Managing the Best Ideas

IdeaScale

If you’re tired of not being able to compete with bigger companies in your industry due to a lack of research and development (R&D) budget, the good news is that’s no longer a problem. Open innovation allows everyone to compete equally, whether their development budget is large or small. What is Open Innovation.

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How the Gig Economy Impacts Innovation

IdeaScale

Companies that use open innovation find freelancers to be a much-needed source of ideas, expertise, and specialized skills. Companies can incorporate project-specific hiring to pursue innovations without over-committing resources, and they can extend their geographic reach with the help of technology.

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2024 Under Innovation and Business Ecosystem Review

Paul Hobcraft

My review of 2024 from a posting perspective has been a really positive one. In this reflective post I took a look back on why I moved from an “absolute” focus on innovations into innovation and business ecosystems. We need to build out from open innovation into ecosystem thinking and design.

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When to Use Open Innovation Portals

Yet2

As providers of both proactive technology scouting services and open innovation portals, we often get asked when to use each approach. They serve different purposes, but you might be surprised to learn they’re also complementary: ~80% of our portal clients also hire yet2 for proactive technology scouting work.

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Recognizing the distinguishing points of Innovation Ecosystems

Paul Hobcraft

What distinguishes an Innovation Ecosystem from Open Innovation? Within a short series about Innovation Ecosystems this post asks what really are the distinct differences within innovation ecosystem thinking and design, to provide a set of common distinguishing points to move from “just” open innovation.

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Open Innovation and the Future of Pet Tech

Yet2

yet2 is full of animal lovers so we wanted to take today to highlight our two favorite things: technology and our pets! Pet technology, or pet tech, has seen significant industry growth in recent years as pet owners are looking for new approaches to keeping their pet healthy and happy. Health in Pet Tech.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges. The need today is not to dispense with this but to link it fully up.