A simple premise of Open Innovation is always that good ideas may come everywhere you look, even though a company operates in a really specialized core business. Moreover, innovations which come externally of the core business, such as in packaging or transportation, are better left to the people who concentrate on those areas. Perhaps more controversial will be the assertion that by relying only around the ideas generated from within, an organization's core business innovations can be self-limiting as the pool of information and idea generation can become somewhat myopic. When properly deployed, Open Innovation methodologies although bring on ideas generated not in the organization, but can also function as a catalyst for the existing R&D infrastructure to become more creative. In their best forms, Open Innovation gets to be a way to obtain new items and technology, in addition to a means to spur the creativity of one's own people.
In wanting to take advantage of the promise of Open Innovation for contemporary business, many companies are developing internal expertise or engaging consultants to assist them in meeting cause real progress. These attempts are no doubt crucial for Open Innovation success. However, I believe that a missing 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 searching for promising ideas developed outside one's organization. This belief hails from both substantive client experience, as well as discussions with innovation professionals from many organizations.
Within the aggregate, most innovation professionals conceptually recognize that patent information should serve as a supply of Open Innovation material. Nonetheless, number of these professionals fully recognize how patents enables you to enhance the innovation process. Moreover, few patent professionals contain the business competency to translate their patent legal knowledge in to 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 knowledge for sale in patents necessarily brings about reduction the payoff obtainable from your adoption of Open Innovation by way of a company.
Why do I believe patents really are a critical piece to spread out Innovation methodology? Put simply--patents may serve as a grocery list for a corporation wanting to identify innovations designed for adoption external to the corporation. By its very nature, a patent sets forth the fundamental basis of the subject matter that the patentee needs to exclusively own. In the event the patentee designed a product or technology and later on didn't introduce it in to the market, then that subject material might be essentially market ready (or nearly market ready) for a significantly less cost than to produce a similar technology over completely from scratch within your organization.