What is an Open Innovation Platform?
Open innovation emphasizes collaboration between internal and external sources to generate unique ideas and solutions. Companies can benefit significantly from open innovation by gaining access to diverse insights, reducing innovation costs, accelerating time to market, raising brand awareness, and luring prospective investors. A good open innovation platform can facilitate the innovation process by providing a comprehensive tool to manage innovative ideas, streamline communication with contributors, and launch innovative projects. Accept Mission, Wazoku, and Qmarkets are a few examples of effective open innovation platforms in the market.