It’s no secret that universities, research institutes, and government labs are excellent sources for innovations that can jump-start new product development. Rather than sink significant resources into starting from scratch internally, companies can leverage others’ technologies. Doing so can not only save money, but it also reduces the risk associated with the early stages of the innovation pipeline. This is often called the technology sourcing part of open innovation. What is less clear to some companies is how to make technology sourcing a reality. Below are some tips that Fuentek has developed based on a decade of helping clients… Continue reading
Last month I had the opportunity to serve on a panel discussing the implementation of open innovation models in developing countries at the Franklin Pierce IP Center based in the law school at the University of New Hampshire. Titled “IP and Open Innovation: Challenges in Global Development,” this conference brought together a wide range of professionals, professors, and researchers with expertise in open innovation. (Thanks to Stan Kowalski for inviting me!) For my presentation, I discussed how developing economies would be well served by approaching their R&D and IP management through what we at Fuentek call Symbiotic Innovation. As I’ve blogged before, Symbiotic Innovation involves working both sides of the R&D and commercialization equation at the same time…. Continue reading
This Friday, April 19th, at 1pm EDT I will be a panelist in a webinar called “Open Innovation Best Practices for University Tech Transfer.” Sponsored by Technology Transfer Tactics, this 1-hour webinar is designed to help universities be successful in open innovation partnerships.
A paradigm shift toward open innovation is underway among universities. This shift has been coming for a while, as R&D budgets have been cut year after year. Universities had to employ concepts like open innovation in order to streamline processes. Continue reading
One of the items in my last “worth reading” post — Stefan Lindegaard’s blog post “Are Universities, Tech Transfer Units Open Innovation Losers?” — is getting a lot of attention, including a Technology Transfer Tactics blog post. Given the discussions in several tech transfer groups across LinkedIn (including AUTM, Techno-L, and Technology Transfer – Valorisation), I’d like to offer some further thoughts here. Open innovation refers to the spin-in as well as the spin-out of ideas, technology, etc. Approaching these two “directions” in concert and proactively — what we’ve called Symbiotic Innovation — is an essential component for revolutionizing technology transfer. Continue reading
As Nannette Stangle-Castor and I get ready for Fuentek’s new webinar on implementing open innovation best practices in technology transfer offices (TTOs), I am reminded of conversations I’ve had with a wide range of tech transfer professionals over the years. What has struck me time and again in these discussions is the broad applicability of open innovation concepts to tech transfer and the value of implementing these concepts in a proactive manner. Despite the fact that government, university, and corporate TTOs vary in their missions, perspectives on innovation, goals/metrics, and economic and entrepreneurial climates, they all have the potential to benefit from implementing sound principles related to open innovation. Continue reading
If you read the Fuentek blog regularly, it should come as no surprise that Fuentek is an advocate of the Symbiotic Innovation approach to open innovation. In fact, we pioneered Symbiotic Innovation—it’s our philosophy that spin-in and spin-out practices are … Continue reading