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Category: Innovation

25 Aug

The Value of Open Innovation

“Open innovation asserts that a company or organization should make greater use of external ideas in its business and allow its own ideas to go out beyond its own boundaries to others to use in their businesses” - Dr. Henry Chesbrough. The concept of open innovation has been highly popular after the decade of its first introduction. It creates a single coherent framework out of several areas: R&D, licensing, and intellectual property, to name a few. Nowadays it has been extended to broader issues of corporate business models and the growing sector of the service economy. Reluctance to make technical challenges public or to openly share sensitive information, are common traits for many companies. For example, major graphic cards producers NVIDIA and...
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15 Feb

10 Clinical Trial Blogs You Should Know About

You know what they say. You are what you read. Ok, maybe that’s not what they say. But I’m going to say it. The kind of information you expose yourself to shapes your personal and professional development. So as someone who wants to be knowledgable about clinical trials, I regularly read blogs of clinical trial experts (among other things). Here I want to share clinical trial blogs that I’ve found to be valuable in hopes that you find value in them too. But first, let me go over the criteria I used in defining the scope of selections. You may have a different criteria for the kinds of blogs you want to read, so I want to be clear about what my criteria...
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15 Feb

4 Ways Open Innovation Can Drive Your Business Forward

Ever since General Electric built the first industrial lab in 1900, research and development has been a highly secretive affair. Security protocols have been regarded almost as important as scientific ones. Industrial espionage has often been pursued as zealously as the political variety. More recently, Apple arguably the world’s most innovative company, has become renowned for keeping its cards close to the vest and even “don’t be evil” Google has launched its own super-secret research center. However, amidst the cloak and dagger a new open innovation trend has begun to take hold. The turning point was Henry Chesbrough’s 2003 book, Open Innovation, which coined the term and laid down basic principles. Since then the idea has gained steam and it’s becoming clear...
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