WHAT IS OPEN INNOVATION?
Open innovation can be used as a tool to complement organizations' internal R&D at strategic times during the innovation process. The use of external sources can expand the innovation potential of an organization.
Organizations use open innovation to access more diverse sources of ideas and talent. The goal is to find opportunities to solve unmet needs with the help of the right partnerships.
To do this, many companies are now implementing open innovation programs to look for other ways to increase the efficiency and effectiveness of their innovation processes. We at INAM organise and host Open Innovation Challenges on behalf of our members.