Innovation Insights

Tips for collaborative innovation  Collaboration is one of the flagship strategies of open innovation for business growth   More than 15 years ago, American organisational theorist Professor Henry Chesbrough noticed a shift away from the old paradigm of siloed research and development (R&D) towards a different model of innovation that was more borderless and fluid. He coined the term ‘open innovation’...

Unlocking the power of crowdsourcing  Accessing new ideas and innovations at lower cost is possible with crowdsourcing. Tap on IPI's Online Marketplace to reach the right crowd.      It’s been said that “two heads are better than one” and “many hands make light work”. These phrases allude to the power of crowdsourcing—a combination of the words ‘crowd’ and ‘outsourcing’—whereby...

How a local SME is still going strong after 45 years   Focus on building creative, capable and adaptable teams to reap the benefits of open innovation, says Phyllis Ong of Armstong Industrial Corporation Limited.     Imagination and ambition put the first man, Neil Armstrong, on the moon. Singapore-based Armstrong Industrial Corporation Limited (Armstrong Industrial) was founded in 1974 with...

The tech side of medicine  Whether you need to develop a vaccine in record time or detect a pathogen in a patient sample, these three TechOffers have got you covered.      Like a police squad on patrol, our immune system is constantly on guard against disease-causing microorganisms. But sometimes, bacteria, viruses and fungi can slip past or overwhelm the...

Four good reasons to embrace open innovation  When it comes to innovation, two heads are better than one. Here are four key benefits of engaging with external partners to co-create value and accelerate solutions to market.     From Thomas Edison to Nikola Tesla, stories abound of lone inventors changing the world. But times have changed—the pace of disruption is...

The dance of start-ups and large corporations  By working closely with start-ups, bigger and more established companies can reap the benefits of open innovation, says a panel of experts at the innovfest unbound conference.      Size matters in business, but just as whales are not the only creatures in the ocean, small companies can co-exist and even complement large...