Top 3 Open Innovation Firms of 2020 || Daily Cover Stories

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Top 3 Open Innovation Firms of 2020

Open innovation can be a term that Henry Chesbrough created and this is often his definition:

“Open innovation is the use of purposive inflows and outflows of data to accelerate internal innovation and expand the markets for external use of innovation, respectively.”

Open Innovation Firms

Open Innovation Firms:

Here are the top 3 firms with good attempts at open innovation challenge platforms.

1. GE – years of continuing growth and hence the Ecomagination Challenge

By using it as its open innovation platform, GE has been a leader with its Ecomagination Challenge. It also has the added benefit of direct contact with other businesses and individuals in order to enhance its already robust creative process.

2. Philips – a thoughtful global approach to Open Innovation

There are several alliances that Philips has made to move forward their transparent innovation. They partner on information sharing with the High Tech Campus. Via the Philips innovation consultancy, Philips also regularly shares its insights.

3. LEGO – collaborations and direct input from clients

The household building firm has a robust program of innovation, including its collaboration with Cuomo. Cuomo itself can be an open innovation platform, and this crowdsourcing platform is integrated with great success by LEGO. The current software needs 10,000 votes for the development of a product. They often provide individuals with the ability to create the designs themselves.



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