Open up to a world of innovation opportunities
Boost your innovation success rate
Increase R&D productivity
Increase speed to market
GAIN A COMPETITIVE EDGE WITH OPEN INNOVATION
Open innovation is about building an ecosystem where ideas flow openly from your customers, employees, and other stakeholders such as partners & suppliers. This ecosystem allows you to capture and flesh out ideas collaboratively, leading to sustained innovation. Open Innovation is about building win-win partnerships that benefits all parties involved
Open Innovation is driving change in the FMCG industry as companies seek to accelerate their innovation capabilities
Companies that rely solely on their in-house R&D capabilities may be losing out to smarter business leaders who are seeking to work collaboratively with external sources of new ideas, technologies and capabilities.
Through Open Innovation, these leading companies are looking to identify opportunities to create value by simply challenging a mindset of assuming the best ideas and technologies come from within their own organisations.
They are now looking to collaborate beyond their own walls, seeking partnerships and fresh technologies to drive their innovation agenda.
THE BENEFITS OF OPEN INNOVATION
OPEN INNOVATION SHOULD LEAD TO WIN-WIN PARTNERSHIPS BETWEEN COLLABORATORS
MUTUALLY BENEFICIAL PARTNERSHIPS
Not only are smart business leaders more receptive to new ideas and technologies from the outside to boost their internal innovation capabilities, they are also willing to trade their internal know-how for use by other non-competing companies.
Small companies are significant generators of new ideas and technologies. By bringing together these small and large companies in mutually beneficial partnerships, a new level of speed, entrepreneurship and innovative capacity is being injected into the larger corporations.