Another way to develop ideas

Connotea Imports 2012-07-31

Summary:

"Henry Chesbrough, the Haas Business School professor who coined the term ["open innovation"] in 2003, is more specific. He says open innovation is a process that starts with looking outside the organisation as you think about things to do inside. It is about “using other people’s wheels” to get you moving. Or, to quote Bill Joy, co-founder of Sun Microsystems, it is a way of dealing with the fact that “not all the smart people in the world work for you”....Please use the link to reference this article. Do not copy & paste articles which is a breach of FT.com's Ts&Cs (www.ft.com/servicestools/help/terms) and is copyright infringement. Send a link for free or email ftsales.support@ft.com to purchase rights. http://www.ft.com/cms/s/0/62587552-f27c-11df-a2f3-00144feab49a.html?ftcamp=rss#ixzz15bKq49pm Sage Bionetworks, a Seattle-based non-profit outfit, was spun out of Merck to try to do just this. Merck had spent years and hundreds of millions of dollars running data-driven models on disease and drug responses. When it realised no single company could either generate or make sense of all the data, it created Sage to take advantage of the best of open innovation. Sage invited groups of biologists to share its data in order to speed up the discovery process and produce more accurate forecasts. Companies can commission research from Sage but on condition that the results of that research go into the public domain after a year...."

Link:

http://www.ft.com/cms/s/0/62587552-f27c-11df-a2f3-00144feab49a.html?ftcamp=rss#axzz15bJDDRYv

From feeds:

Open Access Tracking Project (OATP) » Connotea Imports

Tags:

oa.new oa.industry oa.pharma oa.sage_bionetworks

Authors:

petersuber

Date tagged:

07/31/2012, 15:31

Date published:

11/17/2010, 22:30