Innovation.net provides insights and discussion on entrepreneurial approaches to growth and innovation. Topics include new business creation, lean startup methods and open innovation among others. It's written by Mike Docherty and the experts at Venture2, a consulting and new ventures firm.
www.venture2.com Venture2 applies entrepreneurial approaches to accelerate new businesses and new sources of growth. We work with established brand companies as well as emerging technology firms to rapidly connect and commercialize breakthrough new products, services and business models. Our business model leverages a small core team and a big network that brings diverse, multi-disciplinary skills from a variety of business management and entrepreneurial backgrounds.
City of Boston and Spencer Trask have announced the formation of the "Open City Partnership", leveraging collaborative innovation to attract and spur innovation within Boston's new Innovation District. Here's link to press release.
Below is an excerpt..... (You can read the entire post at link above)
Napkin Labs: What is the future of open innovation?
Docherty: The future of open innovation is about moving beyond ‘transactional’ approaches to more relationship-based approaches to collaboration. And so, engaging with communities of innovators, and creating proprietary networks of innovators will become increasingly important. This notion of ‘proprietary networks’ is a bit counter-intuitive, but it simply means moving beyond ‘shopping for innovation’ at all of the online bazaars for technology and proactively identifying and connecting with key players and innovators that are relevant to your categories and technology arenas that can affect your product categories.
John Seely Brown, of Xerox fame, said it best in a recent Business Week online article: “For open innovation to realize its full potential, it will have to navigate from a narrow focus on transactions to provide much richer support with long-term, trust-based relationships around joint initiatives to address real problems or opportunities.”
Here's part 1 of my Q&A discussion with Napkin Labs on the future of open innovation. I'm intrigued by Napkin Lab's OpenLab platform for building and managing innovation communities. Moving beyond transactional approached to open innovation is where collaborative innovation is headed. Will be interesting to watch their business model in this space... I'm predicting success.