How to Use Open Innovation for Startup Scouting

How to Use Open Innovation for Startup Scouting

Open innovation allows companies to source ideas and solutions from external audiences to innovate their products and services. Startup scouting is an essential part of the innovation process that can help maintain a competitive advantage by bringing in highly relevant information from environmental investigation and analysis. Startup scouting can be done through an open innovation platform that collects ideas and solutions from startups. ITONICS Campaigns can be used as a powerful tool to collect ideas, and the ITONICS External Gateway feature can leverage crowd knowledge and expertise from external idea submitters. Once submissions are gathered, they can be evaluated using the rating feature in ITONICS Innovation OS, and workflows can be managed effectively for further evaluation. Best practices in open innovation can be seen in companies such as Bosch and KTM, who have launched their own platforms to co-create with startups and external experts.

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Culture of Innovation: What Established Companies Can Learn From CSAA Insurance Group

Culture of Innovation: What Established Companies Can Learn From CSAA Insurance Group

CSAA Insurance Group, a 100-year-old company, shows how an established company can transform its culture and turn it into a competitive advantage by empowering employees to generate ideas and implementing them.

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Innovative Enablement Drives Adoption

Innovative enablement can determine the success of software products. It includes learning systems that provide just-in-time learning through multi-media channels.

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Weaving innovation into the corporate structure

CEOs must take ownership of innovation execution, create accountability and align resources to make innovation a core capability to gain competitive advantage, says a survey by Accenture.

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