Open Innovation from the Inside Out
29.10.10
By Stephanie Baron
Yesterday, the City Winery in Manhattan was closed to the general public as it opened a space for innovation specialists who convened to figure out how we can better commercialize innovation.
For three full days EPIC 2010 brings together entrepreneurs and global leaders in R&D, innovation, engineering, strategy, marketing, business development, legal, IP and finance. The conference kicked off on a high note as speakers presented as many facets of open innovation as there are colors in a rainbow.
Molly O'Donovan Dix, of RTI International reminded us that innovation requires commercialization otherwise it's “just” an invention. A point driven home by Terrence McElwee, Director of Technology Transfer and Innovation at King Abdullah University of Science and Technology ( KAUST ). KAUST is a brand new university, built from scratch in Saudi Arabia. It is the perfect example of what higher education can achieve once a government is committed to fueling innovation. It is also the perfect example of several of the problems Middle Eastern and Northern African (MENA) countries are facing. Indeed, Saudi Arabia is having a hard time diversifying and transforming its economy into a knowledge economy and, on that journey, they find themselves with no model to follow.
Source: Blogging Innovation (blog)
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