With patients demanding better customer experiences and pharma companies facing increasing pressure to improve outcomes, the need for the healthcare sector to innovate has never been greater.
And that means there is a greater need for smart solutions. An article in the current edition of Forbes online highlights four examples of how this can be achieved through crowdsourcing initiatives.
Delegates at the recently held Korean Pharma Associations Conference (KPAC) 2018 spent part of their time talking about the importance of open innovation to improve public health and for the growth of local and foreign pharmaceutical companies.
And one of the key topics was how to facilitate open innovation for new drug development.
To discover new technologies that can improve the way it operates and the services it offers to clients Barclays hosts an annual global open innovation challenge.
The winner of the 2018 contest announced this week is Trade Ledger, a start-up from Australia.
China is currently planning a manned lunar exploration and it’s asking the public for help.
This week the China National Space Administration (CNSA), the national space agency of China launched a crowdsourcing initiative to find novel ideas for the design of manned lunar surface landing and ascent vehicles.
In a move designed to accelerate innovation in its manufacturing processes and boost product development, Electrolux is launching the Electrolux Innovation Factory.
The Swedish multinational home appliance manufacturer aims to provide an agile, open environment where ideas can flourish and be turned into marketable products.
Inspiration doesn’t always come in a flash or a thunderbolt. The right circumstances and environments are often required for the creative juices to flow. For some this can be in the bath or shower, while out walking the dog or during conversations with friends or colleagues.
There are no hard and fast rules. If you’re seeking inspiration right this moment let the words of these brilliant minds set you on the right road.
“Do one thing every day that scares you.”
So, where do good ideas come from? Are they flashes of genius that come fully formed when you least expect them? Do they require hours with a pad of paper at the drawing board? Are they the result of accidents and surprising experimental results? And what environments breed them?
These are just some of the questions that are tackled in the following three videos that explore the sources of ideas.
When Boeing wanted fresh ideas on how to spend $100 million, which was the result of the benefits of tax reform legislation it turned to open innovation.
The American multinational corporation solicited ideas from its workforce via surveys and mobile “ideas stations”.
Glasgow City Council in Scotland is turning to open innovation for ideas on how to minimize waste and pollution through recycling and re-using materials.
The city’s chamber of commerce has launched an initiative on Circle Lab, an online platform that challenges citizens to improve sustainability.
One of the biggest pieces of open innovation news from this week was the announcement of the launch of the $10M ANA Avatar XPRIZE by XPRIZE and All Nippon Airways (ANA).
It is a four-year global open innovation contest to develop real-life avatars.