The Open Innovation Model

ABSTRACT:
The present briefing paper aims to inform policy-makers and other stakeholders about the open innovation model, and to draw their attention to certain recent trends related to its including its origins and evolution, contrasting it with the traditional approach to R&D. In addition, it explains this model’s attractiveness for businesses in light of changes in the innovation environment, and reviews prerequisites for successful collaboration. The second part focuses on the importance of strategic knowledge management in the context of open innovation. In particular, it shows how intellectual property rights (IPRs) can facilitate the sharing of technology and of know-how, thus supporting collaborative innovation.

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