When we talk about entrepreneurship, the importance of innovation always finds its way into the conversation. The world is driven by innovative ideas and innovative startups; big corporations spend millions on innovation as well.
Talking about innovation is important. Learning how to manage the processes, to strategize better and turn innovative ideas into realities is something that many entrepreneurs have devoted their startup paths on.
One innovation concept, in particular, has attracted a lot of attention – the concept of open innovation. What is open innovation? The Wikipedia page on open Innovation reads: “Open innovation is a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs.”
Information, knowledge, and data nowadays are very-well distributed and easily accessible by many, leading to the result that no company is capable or should rely on innovation exclusively internally. Open innovation is the concept that promotes the idea of idea collaboration on internal and external organizational level.
Open innovation is a very interesting topic. The more we know about it, the clearer it becomes. To help you understand it better, we have collected here three TED Talks on the topic. Let’s hear them!
The era of Open Innovation
Adrian Johnson @ TEDxHRCollege
Adrian Johnson is a serial entrepreneur and Managing Director at the Startup Bootcamp Fintech in India. In this TED Talk he focuses on the answer of important questions about open innovation, including “Why big companies are losing out to startups?” and “Can startups and multinational companies and corporations work together for the betterment of both sides?”.
Making Open Innovation Happen
Martino Picardo @ TEDxImperialCollege
Martino Picardo is the first CEO of the Stevenage Bioscience Catalyst, the UK’s first open innovation biomedical catalyst. Stevenage Bioscience Catalyst makes it possible for fast-growing biotech, pharma and medtech businesses to connect with and benefit from world-leading expertise, networks, academic support and scientific facilities. In his TED Talk, Picardo talks about how and why it is important to make open innovation happen.
Open Innovation Strategies
Ted Smith at TEDxUofL
In this TED talk, Ted Smith, who is a serial entrepreneur and applied researcher on innovation related to open data, talks about talks about entrepreneurship and focuses mainly on the importance of having the right resources as an entrepreneur and open innovation strategies.