Companies need to collaborate on innovation

The news paper “Financieel Dagblad”, Financial Daily, has recently published an article on Open Innovation. It was based upon several interviews with industry leaders regarding a research paper published by Deloitte earlier this week. The title says it all: “Companies need to collaborate on innovation.” In the article, the author is referring to Open Innovation as “cooperation between organisations and institutions.”

The interviewees all mention the need for Open Innovation, though still have second thoughts about Intellectual Property. According to Wasili Bertoen (Deloitte): “Open Innovation is the way to go, since product life cycles are getting shorter and knowledge becomes easier accessible and shareable. It is basically impossible to ‘own’ all this knowledge. So, in our opinion, collaboration is crucial. And that is something we’re doing only sparsely.”