The 17th Policy Brief of the Social & Creative project examines the topic of “Open Innovation for Society”.
In today's globalized and dynamic world, innovation is key for the economic development of nations and companies and in this sense, open innovation is no exception. Open Innovation is understood as an occurrence when an organisation doesn’t rely only on their internal knowledge or research and development, but also uses different external sources to drive innovation. These sources include customer feedback, published patents, competitors, external agencies, the public, etc.
To ensure competitive advantage and better business performance, organisations are increasingly focusing on open innovation and external resources.
Apart from the benefit of open innovation, this policy brief examines four sub-challenges which are relevant for the Social & Creative Mediterranean community and provides policy recommendations for these. The sub-challenges are:
- Rethinking financial instruments for enacting open innovation at the benefit of the society
- New models of entrepreneurship for realising open innovation and social inclusion
- Transnational approaches to implement open innovation for society
- Open access vs. intellectual property rights to make open innovation efficient for the society
Read the policy brief, discover policy alternatives and examples of open innovation in creative industries!
The full series of the Social&Creative policy briefs is available at [this link].
