Open innovation is a paradigm that assumes that organisations can, and should, use external as well as internal ideas and actions to reach markets, when innovating. In brief, "open innovation" refers to a distributed innovation process in which actors from different organisations participate in the innovation process.
As a result, the joint work of the participating organisations is more open compared to the "armoured" approach of traditional closed innovation processes. The open innovation model is a more dynamic, less linear, approach, allowing the contributing parties to focus on, and make use of, their best competences and to create an effective innovation ecosystem.
INCREDIBLE facilitates open innovation by: