Scouting For Innovation – Must Read Report On Key Element For Open Innovation

Nerac is a global research and advisory firm for companies developing innovative products and technologies. Two of their employees, Kristy Lutz Ulmer and Margaret Fiore, recently published a report on how companies scout for innovation.

I just got to read it and I find this to be great stuff that I want to share with you. You should also download the full report here: Innovation Scouting For 2009

The findings in the report fit well into a key thing being discussed in the open innovation community right now; the real effects of open innovation are due to behind-the-scenes activity rather than flashy portals and idea-generation campaigns.

The report has lots of great insights and the authors want to highlight these conclusions:

• Innovation scouts...

Good Reports And Articles On Open Innovation

Paul Hobcraft pointed me to the below Forrester report on how challenges from InnoCentive work. I wanted to share this report with you and I also added a couple of other reports and articles worth looking into.

The Total Economic Impact Of InnoCentive Challenges by Forrester Consulting. This report goes into detail on a specific InnoCentive challenge and offers lots of hard facts. Please note that InnoCentive hired Forrester Consulting for this assignment.

How To Implement Open Innovation: Lessons From Studying Large Multinational Companies. A great report from the University of Cambridge with solid advice on how to approach open innovation.

Managing Open Innovation – Present Findings And Future Directions by VINNOVA, a Swedish government agency for innovation systems.

These articles are also worth looking...