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Open Innovation
Open Innovation
The central idea behind open innovation is that in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (e.g. patents) from other companies.
In addition, internal inventions not being used in a firm's business should be taken outside the company (e.g., through licensing, joint ventures, spin-offs)
Open Innovation
Idea Generation Selection Execution Commercialization
Open Innovation
Idea Generation Selection Execution Commercialization
Open Innovation
Idea Generation Selection Execution Commercialization
Open Innovation
Idea Generation Selection Execution Commercialization
DevelopNew ideas
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
DevelopNew ideas
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
DevelopNew ideas
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
DevelopNew ideas
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
Prototypes and
Production
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
Prototypes and
Production
IP
Lic
en
sin
gIN
IPL
ice
ns
ing
OU
T
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
Prototypes and
Production
IP
Lic
en
sin
gIN
IPL
ice
ns
ing
OU
T
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
Prototypes and
Production
IP
Lic
en
sin
gIN
IPL
ice
ns
ing
OU
T
Product brought
to market
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
Open Innovation
Idea Generation Selection Execution Commercialization
Ideas and innovations
from inside the organisation
patents and innovations
from outside the organisation
SelectSuccessful
Ideas
Prototypes and
Production
IP
Lic
en
sin
gIN
IPL
ice
ns
ing
OU
T
Product brought
to market
Te
ch
no
log
yS
pin
-off
s
DevelopNew ideas
Te
ch
no
log
y L
ice
ns
ing
IN
