The open innovation process: Factors and technologies that matter

This project aims to identify approaches to enable firms to find and introduce ideas through open innovation. Open innovation, with its focus on external sources of ideas, is a promising approach for increasing organisational innovation. While uptake of open innovation is on the increase, the lack of understanding of practices and technologies used to successfully introduce it into firms, limits its usefulness and results in wasted resources. This project aims to investigate open innovation and relevant technologies to identify success factors for the idea generation and assessment phases of open innovation, develop guidelines for their application, identify effective technologies and related recommendations for use, and quantify their impact on innovation.

Funding:  $330,000