- Innovation networks: Innovation networks bring together either problem solvers or power brokers (who have access to problem solvers) on a single platform so that a specific innovation need or problem can reach out to the best possible solution provider.
- Open Innovation ecosystems: Open innovation ecosystems revolve around the philosophy of like-minded organisations with complementary needs being co-located in a single campus/location, pooling manpower and other resources and working together on new innovations relevant to all participants in this ecosystem.
- Strategic partnerships: Industry-Government partnerships & Industry-University alliances deliver innovations to solve real-life problems in a model that brings together industrial funding and the best brains together in win-win relationships.
Wednesday, June 13, 2007
Innovation Networks and Partnerships
Solutions and concepts for most innovation needs can be best met by looking at places beyond the traditional sphere. Increasingly, companies are realizing that the innovation potential that lies outside of a company is exponentially larger and often, much more effective & viable than the in-house capability. Innovation networks and partnerships are all about systematically tapping into these external innovation assets.