Welcome to the Concept of Open Innovation
Great minds working together will contribute to a better earth, Open innovation can take an idea and make it grow.
Most innovative thinking is stifled because the standard 'process' involved in taking the idea to implementation, or to market, is too daunting.
If the 'process' could be compared to steps on a ladder, ask yourself these questions:
1. Can you make it to the top?
2. What do you do if you get to the top?
3. Are you afraid of heights?
4. Can you move the ladder if you need to?
5. Is the ladder standing on solid ground?
6. What is the ladder leaning against?
Imagine your innovation, or brilliant idea, as the first block in the corner of a pyramid Your name and the date is on that block.
Open innovation will provide the opportunity for many talented individuals to help with the construction.
When you take personal ownership out of the equation, and involve many people, building a solid product becomes more achievable.
The traditional method of developing and marketing an invention costs big money. The patent process, legal fees, research and development, licensing charges, and collecting royalties are daunting for inventors.
The benefits of accumulative innovation are considerable
Placing a really good idea (with your name on it) into the public domain can provide a base for more research and development.
It is likely that even the best ideas or innovations are not perfect.
The potential is for 'Open Innovation Solutions' to attract a new type of thinking; growing, improving and developing ideas within a world of knowledge and cooperative teamwork.
Freeware and Wikipedia are examples of complimentary multi- input information. Google provides incredible free services at no direct cost to the consumer. There are many other examples where credible benefits to society are provided without the expectation of large financial rewards.