Open innovation platform’s time has come for NZ

Tuesday, 16 November 2010, 8:15 am
Article: sticK

Open innovation platform’s time has come for New Zealand

By Peter Kerr for sticK

(sticK - Nov. 16 2010 )

here’s an opportunity for an ‘open innovation’ platform in New Zealand, and it could just be the way for companies to cost-effectively solve some of their R&D challenges.

The concept’s taken off in some overseas countries, though VicLink (Victoria University’s unit to help turn research into sellable products) GM commercialisation Sophie Howard reckons the internet-based concept would need modifying for a kiwi context.

Open innovation is a term that can have a thousand meanings, but essentially it is using external knowledge (in its many forms) for a company to solve particular problems.

This might for example, an engineer or scientist suggesting a solution to an internet-posted problem, with the best solution earning some kind of fee or reward. Various overseas models attempt to connect and manage the relationships between ‘seekers’ and ‘solvers’, and in some way act as a broker.

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For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com

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