Knowledge Exchange Issues In Open Innovation

Law360, New York (July 19, 2010, 1:12 PM EDT) -- Open innovation is an umbrella term for business processes that facilitate the use of external sources for ideas, or intellectual capital or resources. Old and mundane examples include in-licensing of intellectual property and focus groups. Less-common examples include open sourcing and know-how trading.

There are many kinds of open innovation systems and, arguably, each should be unique to a respective company and its expectations of the system. However diverse, all open innovation processes pose challenges for transferors and transferees, and it is useful for transferees to...
To view the full article, register now.