Using Patents To Open Innovation And Open Minds

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Open Innovation (capital “O” capital “I”) seems to be the “buzz word” of the day amongst anyone dabbling in the ever expanding global market for transaction of ideas, inventions, knowledge and products. The concept behind the words making up this popular phrase, open innovation (little “o” little “i”), is undeniably simple: embracing externally developed, as well as internally developed ideas when translating those ideas to reality and incorporating them into new products and technologies. For those of us whose English isn’t horribly scarred by years of “corporate-speak,” we refer to this another way: giving credit where credit is due. Of course, for anyone spending years in a corporate not-invented –here environment, this simple concept might seem downright strange.

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