Open Innovation
Definition
Open innovation is a type of innovation initiative in which people outside an organizational unit are invited to participate. This can happen within a company by reaching out to the entire organization to gather ideas or by looking beyond the company. Today, “open innovation” is most often used for the latter.
The term open innovation was originally coined by Henry Chesbrough in 2003 and has since become a popular modus operandi for driving innovation. It is based on the realization that more sources of ideas are needed to innovate successfully and that a lot of relevant knowledge resides outside the organization. It has become increasingly popular to go beyond the limits of an organization and involve customers, start-ups, suppliers and researchers to collaborate. Collaborating with external entities can open new perspectives, help speed up development, and enable innovation across value chains.
Service - Open Innovation
Are you trying to access ideas outside your organisation? Co-create with suppliers, partners or customers? Tap into startup ecosystems? Or engage student communities? Find out how we can support you.
Related concepts
Idea Campaign
An Idea Campaign is a time-bound, topic-focused initiative to ideate, screen, develop and validate ideas. It is used to address business or technical problems that require input from a broad group of people. The idea campaign is a simple method to quickly solve small and big problems…
Ideation
Ideation is the creative process of conceiving and shaping new ideas. It includes everything from the first thought or inspiration to the formulation of an idea. In the context of an innovation challenge, it refers to the initial phase in which ideas are submitted online and…
Innovation Challenge
An innovation challenge can be seen as an extended version of an idea campaign with a more ambitious topic, a wider reach in terms of participants, a greater communication effort, and a more ambitious process from ideation, over idea maturation, to pitching and awards ceremony…
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