Welcome to our blog.  Here you will find resources for inventors and practitioners.  We may also add a touch of whimsy from time to time.

December 26, 2017

Open innovation requires new strategies to creating and managing IP.  Presently, many companies and universities offer rewards to their inventors for filed patent applications and granted patents.  Chesbrough "Open Innovation" provides an informal survey regarding the reward systems of several technology companies.

Note that Chesbrough's informal survey may be dated, and that the responses may not necessarily reflect company-wide policies.  The survey provides some insight nonetheless.

Interestingly, some companies like HP incentivize the filing...

December 7, 2017

My newest article was published at The Doctor Weighs In.  You can read it here.  I previously wrote several articles on "Open Innovation.” The present article chronicles some notable achievements by physician inventors, and notes the trend in the rising number of physicians jumping into medical device innovation.

It is simply another example of how the Open Innovation paradigm has manifested itself in the medical device context.  Physicians are on the front lines and typically are the first to recognize the existence of a problem. They now...

November 16, 2017

This post is from a series on Open Innovation.  For more information, please click the "Open Innovation" Tag.  I recommend reading the posts in chronological order.

I previously wrote about how companies with closed innovation paradigms are forced to shift to open innovation models due to certain erosion factors. 

To illustrate this point, Chesbrough points out that the number of patents held by individuals and small firms rose from about 5 percent in 1970 to more than 20 percent in 1992.

More recently, a 2008 study by the SBA's Office of...

November 10, 2017

This post is from a series on Open Innovation.  For more information, please click the "Open Innovation" Tag.  I recommend reading the posts in chronological order.
 

Recall that in a "closed innovation" model, firm boundaries are established so that only internal research ideas are considered for development, and once considered they are either developed internally and brought to market or left to die.

Chesbrough notes six principles (or six axioms) of the traditional closed innovation models.  The proponent of the closed innovation model...

November 9, 2017

This is the first post in a series on Open Innovation.  For more information, please click the "Open Innovation" Tag.  I recommend reading the posts in chronological order.

Though it's been over 10 years since its publication, Henry Chesbrough's Open Innovation: The New Imperative for Creating and Profiting from Technology remains fresh and insightful.

The term "open innovation" was a term promoted by Henry Chesbrough to argue that a transition is needed in certain industries whereby firms can and should consider both external as well as in...

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