In today’s rapidly evolving landscape, with ever more complex challenges to be addressed, innovation no longer occurs in isolation. The concept of Open Innovation—where organisations collaborate across boundaries to harness external knowledge and ideas— has reshaped the traditional ways of developing and bringing new technologies, products, and services to market. However, with this collaborative approach comes a critical challenge: managing intellectual property (IP). This Bulletin edition sheds light on how Open Innovation approaches and practices have evolved over the years and delves into the intricate relationship between Open Innovation and intellectual property management.
The concept of Open Innovation—where organisations collaborate across boundaries to harness external knowledge and ideas—has reshaped the traditional ways of developing and bringing new technologies, products, and services to market. In this infographic, we summarise the reasons why intellectual property matters in Open Innovation.
Everyone wants to be “open”! “Open” has become a bit of a buzzword and is used everywhere; in policies and practices such as Open Science, Open Research, Open Access, Open Innovation, Open Source, Open Standards, Open Data; Open to the World, and even in company names, such as OpenAI, the creator of ChatGPT. A search of registered UK companies showed almost 6500 companies whose name starts with “Open”!