Category Archives: Open Innovation

More Corporations Are Incorporating Open Innovation-

  Corporations Are Increasing Open Innovation Faced with an increasing number of disruptive challenges from new technology, social media and global competition, U.S. businesses have responded by investing more time and money in innovation. Traditionally, the search for innovative products, services and processes was performed internally behind closed, secure doors. The results of these efforts, however,

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How to Close the Innovation Gap

See the latest article from Coley Brown, CEO VisionMine. Rare is the business leader who would question the importance of innovation, not only to promote growth within the organization, but also to ensure its very survival. Yet, although business leaders have invested significantly in innovation initiatives, a recent Accenture study found that more than half

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Banking Strategies

Open Innovation for Competitive Advantage

Banks seeking to improve their innovation efforts are turning to ‘Open Innovation’ programs that leverage internal talent.BY COLEY BROWN   Faced by competitive challenges from non-bank disruptors such as PayPal, Google and Apple, banks are stepping up their efforts to be more innovative. Many have established innovation teams, for example. A recent Accenture study pointed out, however, that

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Increasing Innovation Impact in the Enterprise – IM

Another article from VisionMine CEO Coley Brown on how to increase innovation in the enterprise. Why is there such a large gap between the need to innovate and the ability of organizations to actually innovate successfully? Executives tell us that – the problem is not a lack of innovative ideas, but rather an inability to transform

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VisionMine’s Open Innovation Platform in the PBJ

VisionMine’s Open Innovation Portal provides corporations with early access and insights to startup companies and their innovations. This article on VisionMine’s Open Innovation Portal is one in a series of articles by Peter Key of the Philadelphia Business Journal, focusing on interesting technology companies in the region. The profile covers VisionMine’s mission, business model, management,

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VC fund helps enterprise startups

New VC Fund Focuses On New Enterprise Technology

One of the recurring themes for our blog has been the relationship between enterprises and startups.  Truly innovative enterprises are discovering new technologies in early stage companies through Open Innovation programs.  These programs also enable the innovators in the enterprises to interact with entrepreneurs, providing data and industry knowledge to the startups, while teaching the

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bank partnerships with startups

Bank partnerships with startups key in Mobile Wallet wars

  Open Innovation Programs in Banks One more case where Open Innovation programs featuring the relationship between enterprises and the technologies to be found in early stage companies are critical to the future… While banking experts agree that mobile wallets will eventually take hold, the Fed reports in a recent article that the successful mobile

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Corporations Courting Startups

Just as venture capital money has dramatically changed its flow from consumer-facing startups to startups focusing on the enterprise, it is no surprise that many startups are changing their focus to the enterprise.  And while it is still not easy for startups to sell to the enterprise, and even harder to successfully implement solutions given

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Open Innovation – How Open Should You Be?

I found the following article interesting, because when I talk to innovation executives about their Open Innovation strategy, we always end up talking about how open should they be…. Should they openly post challenges?  Post Challenges in a private place?  Don”t post challenges, but encourage people to send in ideas?  If they post their challenges,

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Try Before You Buy – The Evolving Enterprise Sales Model

More and more, large enterprises are switching from huge licenses and major implementations to experimenting with try before you buy SAAS software.  How big is that change and what is the implication for the big software companies?  Read more.    

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