Innovation Articles

By Sherry Ward

Open Innovation, Part II: Using Web 2.0 Technologies to Connect Innovation Partners


This paper reveals the practice of open innovation to leverage both internal and external resources in the development of new products and technology. Prior to open innovation research and development projects were internalized or restricted by traditional models or closed innovation. With the surge in Internet activity, open innovation for R&D facilities has expanded to global networks. The article references changes at InnoCentive and NineSigma as models for open innovation.