As a buzzword, open innovation is often associated with large corporations in partnership with research institutes and universities. One crucial aspect though is the fostering and investing in company start-ups. This provides benefits to both the large company and the small company with new ideas, technology and resources.

The following is from an article on the subject :-

“Big v little. Multinationals are the biggest players in open innovation, but that doesn’t make them the most important. Spin-outs, start-ups and other small companies matter also; so politicians are right to encourage small company formation and growth.”

See full article “Open innovation – hype v reality”

This entry was posted on Friday, March 7th, 2008 at 2:00 pm and is filed under company-formation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.