Open Innovation as a Result of Converging Trends

The transition from closed innovation to open innovation has been slow but broad; open innovation, a collaborative approach, is used in a growing number of industries and countries. Gradually but inexorably, open innovation has become more efficient than closed innovation. The term open innovation was coined in a must-read book of the same name. We see the transition from closed innovation to open innovation as a Darwinian process: because the environment has changed and open innovation is, on average, more successful than closed innovation; companies must evolve, choosing to use this more collaborative approach to innovation, or be passed by. This is similar to mammals supplanting dinosaurs as planetary conditions changed. We have already explored some of key factors that

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Presans Outlook 2017: Our Vision of the Future

This is how we upped our game at Presans in 2016 1. We reinforced our defining human asset: the Presans Fellows group. 2. We increased and deepened our expert pool by launching Sofia 3. 3. We developed our business by partnering with ADL on breakthrough innovation. The three megatrends we identified a year ago are still active Trend #1: An inflation and fragmentation of knowledge: new knowledge is being generated at an accelerated rhythm (for instance, five million scientific papers are published every year). In addition to this, this new knowledge is created in a multitude of entities of which the average size is decreasing. Thus, it is faster today to pick from this knowledge that has already been created

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The imperative of open innovation is shaking up the world of corporations

In an era where information is instantly available everywhere on the planet, novelties seem to fade instantly. The competition is never far away, and in order to survive, there is no other choice than to innovate faster. In the space of just a few years, the time required for the design of an airplane has decreased from ten to seven years, and that for one molecule has gone from seven to five years. This acceleration of innovation cycles is one of the fundamental trends of our economic environment, and is naturally inseparable from another basic trend: digitalization. Together, they accelerate the reconfiguration of traditional value chains. Companies are seeing that their products are in danger of being instantly commoditized while at the same time the very nature of their business models are called

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Presans @ X Open Innovation | expert smartsourcing

The X Open Innovation (Ecole Polytechnique Alumni Group on Open Innovation)  squad convened again recently for an exchange of views on the subject of expert smartsourcing. No surprise, Presans was on board, represented by Albert Meige and Hervé Arribart. As readers of this blog are already familiar with the XOI drill by now, we’ll just jump to the pitch set from here. Michael Haddad based his contribution on an article on technology scouting he wrote last year for the Paristech Review. The article provides a good picture of the different approaches to open innovation, with an emphasis on the problems of trust and IP management. Michael also noted that information based on the analysis of publications and patents will automatically

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Albert Meige @ SEB Innovation Forum – Video & Q&A

The SEB Innovation Forum is a biennial two day company event gathering 250 people from all kinds of functions and places. Prototypes, secret projects, and conferences. Albert Meige was invited to deliver a speech on “open innovation in a digital world”. He got a standing ovation but may or may not have used a trick for that. Here are some bits from his Q&A: Q1 What is the role of Intellectual Property in innovation and where is this role heading? A1 Historically IP had a downstream role: building protective walls around a product. The current trend in leading companies is upstream involvement. The old approach is all about decreasing risk. The upstream approach incentivizes the success of the project. You

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Challenges in Innovation: Oil & Gas Case Study

Article originally published in Pétrole & Gaz Informations #1837 (July / August 2015) We’ve conducted interviews with several tens of innovation managers, from R&D, strategy, and marketing of big corporations for our recent book Innovation Intelligence. The verdict is clear: innovation requires creating a cognitive relation between a multitude of very distant knowledge domains at an ever increasing pace. In the digital era, access to the best state of knowledge and the best talents has never been easier. When searching for the proverbial needle in the haystack, the speed of the search is increasing, as well as the number and size of the haystacks. Intelligence is critical. Large corporate Oil & Gas players are organizing their response. Three trends destabilizing

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Mindset Eats Culture: Presans Hosts Talk by Stefan Lindegaard

Global innovation guru, facilitator and pattern catcher Stefan Lindegaard was in Paris last week. He’s already left of course and might be reading this from Brazil right now. But he came to Paris and seized upon this opportunity to deliver a talk hosted by Presans at one of the fairly new Remix workspaces, set right in the heart of the burgeoning and vibrant Parisian startup enclave also known as the 10th arrondissement. Around 40 intrigued people came to attend this event organized on relatively short notice.  To describe Stefan Lindegaard’s intervention as a talk does not do justice to his lively and crisp style of exchange facilitation. Before, during and after the talk, Stefan brought out the participative side of

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Panel Discussion on Innovation Intelligence @ Mardis de l’Innovation

Marc Giget strikes again. The innovation thinker who pens forewords is also the focal point around which the French innovation community gathers. Over 200 people attended this week’s edition of his seminar. Topic of the session : Open Innovation — perspectives after ten years of practice in a digital world. Presans coordinated the session. This isn’t Albert Meige’s first gig here. This time he came to present the main trends from the book he just finished co-writing with Jacques Schmitt. His talk was interspersed with subliminal encouragements to acquire it. The vision of the future he described is shaped by the twin waves of digitalization and commoditization. This rapidly approaching scenario would also see players of various sizes converge towards similar strategies. On the level of intermediaries and service providers, time hasn’t decisively answered the question

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New cures for rare diseases thanks to open and user innovation initiatives

In the beginning of the 21st century Henry Chesbrough coined the paradigm of Open Innovation in management sciences. Open Innovation is defined as “the use of inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively” (Chesbrough, H., 2003). The concept of lead users was first mentioned by Eric von Hippel. According to von Hippel, lead users facing a particular problem, develop their own innovative solutions; these solutions having a large potential for others, even before they realize it (Von Hippel, E., 1988). Based on these two currents in management science, 11 years ago an Open and User Innovation Community was created. The Community organizes each year conference where specialists from

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Presans invited to the Tuesdays of Innovation (video)

On February 26th 2013, Marc Giget invited Presans to the “Mardis de l’Innovation” to present its vision of the Open Innovation and crowdsourcing. (See video at the bottom of this post!) Les Mardis de l’Innovation (the Tuesdays of Innovation), presented by Professor Marc Giget, aim to spread the culture of innovation in various forms through open conferences and debates. Topics include: theories and key concepts of innovation, best practices in innovation around the world, innovation in areas of rapid change, important periods of the past for innovation and innovation in other countries. The theme of the evening of February 26, was the Open Innovation and crowdsouring. Marc Giget presented the recent developments in crowdsourcing with a focus on crowdfunding. Then four

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