Co-innovating for the future - 0 views
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anonymous on 07 May 10Realising the limitations of their own knowledge, and internal R&D capabilities, an increasingly high number of companies are currently making the decision of partnering externally to develop new technologies. Companies' interactions with their business partners or even competitors are becoming more and more frequent. Since the potential for innovation increases consequently when people from various background interact, co-innovation or co-development partnerships are very efficient means to innovate. The term co-innovation, or co-development, refers to the extension of external partnerships and alliances in order to have access to, and to exploit new knowledge, new technologies, or new markets.