What is Open Innovation? For any entrepreneur innovation is crucial to success, but if innovations are developed in isolation, the benefits can be limited in comparison to the effort.
At a recent event in Norwich, our speaker Stephen Clulow, kicked off the discussion (See photos) with a brief introduction about the meaning and importance of innovation. Innovation is the commercial application and successful exploitation of an idea. Innovation means introducing something new into your business. This could be a single major breakthrough – eg a totally new product or service – or it can be a series of small, incremental changes.
To read the full, original article click on this link: Open Innovation – An Introduction for Startups | Start Up Masterclass
