Forbes on Sunday posted a short primer on the idea of open innovation and current trends surrounding the topic.
The typical R&D and commercialization process opens the door to a few big problems. It is unlikely that the best (or even very good) ideas are all located in one organization and, even with an idea in hand, should one organization really manage all of the technical and markets risks associated with commercializing technologies? That’s where open innovation comes in.
Getting a nod in the piece is T-shirt company Threadless, which bases some operations in Boulder.
Where do you think open innovation could lead your business or industry?