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How to apply open innovation in your business?

Posted: Sun Apr 20, 2025 6:08 am
by bitheerani42135
The method of applying this approach may vary depending on the needs of your company, area of ​​activity, innovation strategy adopted and amounts to be invested.

Check out two examples of open innovation application below.

Hackathon
Similar to innovation challenges – where the company asks for hungary mobile database help from participants to solve problems, hackathons promote innovation marathons . Simply put, this model involves the formation of multidisciplinary teams, programming, prototype development and a lot of collaboration.

Hackathons involve developers, entrepreneurs, designers and innovation enthusiasts who, together, must create solutions to a given challenge.

NASA has different initiatives in this format, through the NASA Tournament Lab , which hosts challenges and competitions, encouraging the participation of people from all over the world to solve complex problems.