Open Innovation

Open Innovation (OI) is by now a worldwide consolidated discipline capable of effectively accelerating the development of technological innovation.

The web is rich of successful examples of companies using innovation strategies based on these patterns, also small and mid-sized companies. By applying this type of approach to innovation, one can create and measure competitive advantages and place new products, processes and services on the market with a time-to-market that is often lower than the one necessary for the development and positioning of technological innovations with standard approaches.

Thanks to a study carried out in the biotech industry, new OI operating models have been identified and tested which are capable of enhancing strategic alliances outside the corporate borders in order to offer state-of-the-art processes with “smart” approaches. These models give a boost to people’s creativity which bring innovative ideas and interact with companies, start-ups, research centres, universities, and in general inside the innovation ecosystem, in order to turn innovative ideas into new business scenarios, in a shared form and for a mutual benefit.