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Fundamental concept of intelligent cities, open innovation explains why ecosystems of innovation (clusters, technology districts, collaborative networks, systems of innovation) are more efficient in generating innovations than organisations and companies working in isolation with internal R&D only.
This short video explains the concept and gives examples from companies having adopted this model, combining internal R&D with external capabilities from universities, start-ups, experts, and creating ecosystems of innovation around their technologies.
[youtube]http://www.youtube.com/watch?v=2UDBaDtwXfI[/youtube]Source: YouTube http://www.youtube.com/watch?v=2UDBaDtwXfI