Accelerating your innovation results
Open innovation is a new innovation trend that many major companies are adopting all over the world. In this section, you can learn about the open innovation definition, its origins and benefits, and types of innovation (closed innovation and open innovation). ennomotive uses the combination of engineering crowdsourcing and open innovation for accelerating technological innovation projects.
What is open innovation?
Open Innovation: Definition
Open innovation is a business management model for innovation that promotes collaboration with people and organizations outside the company. In this sense, open innovation challenges are a true cultural break from the company silo mentality and the secrecy traditionally associated with the corporate R&D culture. This innovation model becomes viable when the company acknowledges that there are many bright professionals and greater knowledge outside the organization. It is in this very moment when the opportunity to attract those external individuals and/or companies becomes more real. Companies implement open innovation practices in different ways such as alliances between companies, research chairs in universities, crowdsourcing competitions, and innovation ecosystems.