Manufacturing Technology Today

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Corporate Open Innovation


     

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This article looks at the barriers to Corporate Open Innovation (COI) and reviews the defining features of COI, making the case for its widespread adoption in the 21st century.

What is COI?

To be an open innovator, a company employs external collaborators to originate or develop innovations. This is different from traditional 'closed' innovation, where in-house research and development (R&D), production engineering and marketing departments collaborate to produce new products and services.


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  • Corporate Open Innovation

Abstract Views: 189  |  PDF Views: 0

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Abstract


This article looks at the barriers to Corporate Open Innovation (COI) and reviews the defining features of COI, making the case for its widespread adoption in the 21st century.

What is COI?

To be an open innovator, a company employs external collaborators to originate or develop innovations. This is different from traditional 'closed' innovation, where in-house research and development (R&D), production engineering and marketing departments collaborate to produce new products and services.