Open Innovation

Open Innovation is innovating with partners outside of your organisation to combine capabilities, improve product pipelines and shorten time to market while sharing the risks and rewards.

Organisations that excel at Open Innovation make greater use of external ideas, collaborations and external paths to market.

Open Innovation helps organisations be more innovative, advance their technology and maximise the value they generate.

Open innovation:

  • Increases diversity
  • Creates more opportunities
  • Shares risks
  • Increases success rates
  • Gives faster development
  • Quicker launches

Open Innovation can include:

  • Collaborations, consortia and partnerships
  • Consumer driven innovation
  • Challenge driven innovation
  • Crowdsourcing

We can introduce you to Open Innovation, explain the different approaches and show how organisations are using them successfully. Contact us to learn more.

© Action for Innovation 2012, 2013, 2014