Open Innovation

NESTA Announces Top 100 Open Innovation Global Winners

Celebrating the power of collaborative working NESTA today announced the winners of Open 100, a competition to find global companies and organisations which excel at ‘open innovation’ and exploit the power of mass collaboration. Open innovation is a growing trend among the private, public and third sector which allows new ideas, solutions and markets to be sourced from external partners, moving away from a reliance on traditional internal R&D. Open innovation strategies have become increasingly important as customers demand more service and product innovation at a faster speed, and where tough economic times require cheaper ways of developing new products and services. A recent survey by NESTA in conjunction with HI Network found that in response to the downturn, FTSE 100 b... »