A fundamental premise of Open Innovation is that good ideas can come from anywhere, even when a company operates in an extremely specialized core business. Moreover, innovations that come external to of your respective core business, including in packaging or transportation, be more effective left to the people who concentrate on those areas. Perhaps more controversial is the assertion that by relying only about the ideas produced by within, an organization's core business innovations can become self-limiting as the pool of data and idea generation could become somewhat myopic. When properly deployed, Open Innovation methodologies although be the source of ideas generated outside the organization, but can also be the catalyst for the existing R&D infrastructure being more creative. In its best forms, Open Innovation gets to be a source of new services and technology, as well as a way to spur the creativity of your respective own people.
In trying to exploit the promise of Open Innovation for contemporary business, many companies are developing internal expertise or engaging consultants to enable them to in meeting cause real progress. These efforts are without doubt crucial for Open Innovation success. However, I believe that military services weapons piece in the present existing Open Innovation methodologies is deployable knowledge regarding how to apply for a patent with InventHelp and analysis enables you to improve and accelerate scouting around for promising ideas developed outside of one's organization. This belief emanates from both substantive client experience, as well as discussions with innovation professionals from many organizations.
Within the aggregate, most innovation professionals conceptually realize that patent information should be the way to obtain Open Innovation material. Nonetheless, few of these professionals fully appreciate how patents can be used to improve the innovation process. Moreover, few patent professionals possess the business competency to translate their patent legal knowledge into a form deployable in the innovation context. As such, a disconnect currently exists between patent information and Open Innovation methodologies. Failure of organizations to fully capitalize on the information available in patents necessarily results in reduction the payoff obtainable from the adoption of Open Innovation by a company.
Why do I believe patents certainly are a critical piece to start Innovation methodology? Put simply--patents is a list for a corporation trying to identify innovations readily available for adoption externally the organization. By its very nature, a patent sets forth the fundamental basis of the topic the patentee desires to exclusively own. If the patentee developed a product or technology and later on didn't introduce it in to the market, then that subject matter could possibly be essentially market ready (or nearly market ready) for any considerably less cost than to produce a similar technology on your own within one's own organization.