Open innovation is more than collaborative problem-solving – in fact, it can be a pivotal strategic initiative to evolve a business. Bridging the gap between internal and external in any industry, open innovation can help create new revenue streams, increase competitive advantages and access talent.
In the life science domain, open innovation has proved its potential as a way to curb costs and shorten development times. We've seen how large firms have collaborated with university-based scientists or biotech firms to reduce uncertainty in R&D, a field that has declined in activity in the past decades. But although the benefits can be many, open innovation may not be the right strategy for everyone.
Therefore, there are a lot of decisions to be made when it comes to engaging in open innovation. And at our upcoming CBS Lifelong Learning, we hope to shine a light on some of them.
On November 16th, join us in exploring the opportunities and pitfalls of engaging open innovation to develop new products and empower companies’ R&D. Drawing inspiration from open innovation in life science, the event looks at the productivity advantage and application strategies.
We'll serve croissants and coffee/tea, when you arrive. The event is in-person only.