The Open Innovation Model
ICC (International Chamber of Commerce) Innovation and Intellectual Property Research Paper No. 2
28 Pages Posted: 19 Apr 2014
Date Written: April 11, 2014
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 use. The first part of this paper describes open innovation, 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.
Keywords: Intellectual Property, Innovation, Open Innovation, SME
Suggested Citation: Suggested Citation