FOSS: Open Innovation
Get flash to fully experience Pearltrees
NHS Innovation Challenge Prizes
The NHS Innovation Challenge Prizes have been created to recognise and reward ideas that tackle some of the most challenging areas in healthcare. Now in their second year , the scheme not only rewards the tremendous pool of talent that exist in the NHS with well-deserved recognition, but also provide successful applicants with prize money – our biggest winner to date received £100,000.
Of Open Source and Open Innovation - Open Enterprise
Last week I wrote about a talk I gave with the title “Innovation inducement prizes as a possible mechanism to unlock the benefits of open innovation models”. I explored the idea of inducement prizes then, and now I'd like to look at open innovation. That concept rose to prominence with Henry Chesbrough's book, “Open Innovation - The New Imperative for Creating and Profiting from Technology”, published in 2003.The Wisdom of Crowds - Wikipedia, the free encyclopedia
The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations , published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better than could have been made by any single member of the group. The book presents numerous case studies and anecdotes to illustrate its argument, and touches on several fields, primarily economics and psychology . The opening anecdote relates Francis Galton 's surprise that the crowd at a county fair accurately guessed the weight of an ox when their individual guesses were averaged (the average was closer to the ox's true butchered weight than the estimates of most crowd members, and also closer than any of the separate estimates made by cattle experts). [ 1 ] The book relates to diverse collections of independently-deciding individuals, rather than crowd psychology as traditionally understood.
The Security Jam is a four day online brainstorm from 19-23 March 2012 aimed at providing concrete solutions to the global security challenges of the 21st century. Make Your Voice Heard. Click here to register. In a world where innovation is global, multidisciplinary and open, you need to bring different minds and different perspectives together to discover new solutions to long-standing problems. Therein lies the essence of collaborative innovation. IBM's Jams and other Web 2.0 collaborative mediums are opening up tremendous possibilities for collaborative innovation — ways of working across industries, disciplines, and national borders.
IBM Jam Events
Press room - 2006-11-14 IBM Invests $100 Million in Collaborative Innovation Ideas - United States
BEIJING, CHINA - 14 Nov 2006: IBM Chairman and Chief Executive Officer Samuel J. Palmisano today announced that the company will invest $100 million over the next two years to pursue ten new businesses generated by InnovationJam, an unprecedented experiment in collaborative innovation held earlier this year. The largest on-line brainstorming session ever, InnovationJam brought together more than 150,000 people from 104 countries, including IBM employees, family members, universities, business partners and clients from 67 companies.
IBM may be throwing a life raft to the stock market today , reporting unexpectedly high quarterly earnings. Still, startups and venture capitalists may care more about the ideas floating at Big Blue’s annual research crowdsourcing event, dubbed IBM Innovation Jam 2008. IBM has been sponsoring the Innovation Jam for a few years now. The company’s researchers, employees and outside experts are invited to join in a virtual brainstorm session. They post their ideas for innovations and then others join in, commenting on the posts and voting for their favorites.
IBM’s Innovation Jam 2008 shows how far crowdsourcing has come | VentureBeat
Innovation is the lifeblood of the consumer packaged goods industry. Campbell Soup Company is always looking for inventors, scientists, entrepreneurs and businesses with whom to collaborate to enhance our operations and products. If you have an innovative ingredient, product, packaging, process or sustainability idea that we can help bring to life, we welcome the opportunity to work with you. Thank you for your interest.
Campbell's Ideas for Innovation
"Open innovation is essential to our business strategy and Boots Centre for Innovation is all about great collaboration with talented inventors and entrepreneurs. First hand experience shows innovation continues to be a key driver in our success and we intend to bring even more pioneering products to market. Known for quality, effectiveness and excellent value, our consumer brands differentiate us on the high street and keep customers coming back to our stores.
Healthcare and beauty product development from Boots Centre for Innovation
Participative or Invitational: Should the sponsors invite specific people to submit ideas or should the innovation effort be open to all interested partners? Suggestive or Directed: Should the ideas be influenced or directed by topics or needs specified by the sponsor, or should the participants be allowed to submit ideas with no asserted boundaries or conditions? This model has been used in different variations at many companies. The types of open innovation approaches need to be reflected by innovation ecosystem a company works with. This can be very broad as exemplified in the below graphic which I found in a presentation given by NineSigma. Another thing to consider is point-of-entry sites versus behind-the-scenes work.
How to Approach Open Innovation: The 15inno Open Innovation Roadmap | 15inno
What is Open Innovation? Crowdsourcing? User innovation? Co-Creation? | 15inno - Minefield
Many people ask what open innovation is. I suggest that you should view open innovation as a philosophy or a mindset that you should embrace within your organization. In a more practical definition, open innovation is about bridging internal and external resources and act on those opportunities. The value proposition this gives companies that get it right is simply too good to miss out on. I also like this quote from Henry Chesbrough ; “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology”Defining Open Innovation: The 15inno Open Innovation Roadmap | 15inno - Minefield
What is open innovation? What is crowd-sourcing? What is user-driven innovation?Denmark has its share of world-leading companies on user-driven innovation. Lego, the toy company, is a great example of this through their Adult Fan Of Lego groups and many other initiatives. Another example is Coloplast which develops products and services that make life easier for people with very personal and private medical conditions. Their business includes ostomy care, urology and continence care, and wound and skin care.
Why User-Driven Innovation Should Not Be Confused With Open Innovation | 15inno - Minefield
Open innovation versus user-driven innovation: Lego and Toyota cases | 15inno - Minefield
I recently had a discussion with a senior leader at a global fast-moving-consumer-goods company. We got into definitions of open innovation versus user-driven innovation. What are the similarities and the differences? I am sure I will have such talks many times as open innovation starts to take off in the next few years.Corporations that are taking the lead in open innovation are hoping to gain an advantage over their competitors as they will get access to a more diverse inflow of opportunities, which can lead to faster and better innovation. Specifically, as they look toward smaller companies to bring within the orbit of their open innovation program, corporations understand that small companies bring these advantages to the table: • Small companies often are at the leading edge of breakthrough or disruptive innovation. Breakthrough innovation – that is, innovation with potential to be a real game changer – can be exceedingly hard to achieve in a large, bureaucratic organization where people work in silos, have their own turf to protect and are wedded to the status quo. In contrast, entrepreneurial companies are often founded based on a breakthrough idea that the founders are passionate about and deeply committed to.
Why Big Companies Need Small Companies in their Open Innovation Ecosystem | 15inno
Open Innovation