Four Open Innovation Success Stories
The business landscape is dotted with numerous success stories of open innovation in practice and how engaging with distributed networks of brilliant minds can help companies solve problems and/or achieve their innovation goals.
We feature them on our website to show how well executed OI projects can reap gold. Here are a few examples of some of the stand-out open innovation success stories:
Space Age Technology to Help Insomniacs Get Some Sleep: Quilts of Denmark wanted to produce functional down quilts that would actively help people with insomnia.
According to sleep researchers, temperature regulation during sleep is a key factor. Company employees had read in scientific magazines that NASA was working on new temperature regulation technology called TempraKON® for spacesuits. It turned out that this could not be directly applied to mattresses, so Quilts worked with a company that had bought the rights to use TempraKON® on home insulation material. They were able to modify it for use in quilts.
Open innovation accelerates Green Giant product innovation: Green Giant is a popular General Mills brand. Through the General Mills Worldwide Innovation Network (G-WIN), the global corporation found a snack manufacturer that helped it to develop a new product category, Green Giant snack chips.
Walmart Hosts Open Innovation ‘Talent’ Contest for New Products: the American multination retail chain invites manufacturers, inventors, entrepreneurs, small businesses and members of the public to submit their new product ideas. The most popular ones are given space on Walmart’s shelves.
The world’s first crowdsourced military vehicle: a crowdsourcing project by The Defense Advanced Research Projects Agency (DARPA) to develop a new Humvee that can be used for combat reconnaissance and combat delivery and evacuation.
Add your Comment
[LOGIN FIRST] if you're already a member.fields are required.