Post by Innovation Research Interchange

Our last panel at #IRIInnovatorsSummit explored how open and co-innovation can accelerate growth — and how working with with nontraditional partners can bring a fresh perspective and drive strategic value. When considering opportunities for open innovation, the panelists recommended starting by clearly identifying a problem first, then working together to find a solution — and not by chasing a solution first. Open innovation works best when you’re taking on riskier challenges that you can’t solve on your own. Think about where the opportunities are around those challenges, who’s driving innovation in those areas, and what your company can offer to potential partners, as well as what the partners can offer to you. Thanks ENEOS Americas Inc.’s Kei Morita, Evonik’s Preeta Datta, NSF’s Carol Bessel, Johnson Matthey's Kevin Doura and Schrödinger’s Jeff Sanders for joining us!