Its recent landmark deal with Taylor Swift promises profits to artists should Universal sell its reported 4% stake in Spotify. The average customer used Meituan 38% more often than the prior year. Corporate-startup partnerships will become the difference between companies leading their respective fields and those that will cease to be relevant industry leaders in 10+ years. Video-game development company Unity Technologies is known for software that lets developers build 3D animations, in real time, at a fraction of traditional costs. [Photo: Jamie Chung; Food stylist: Ali Nardi at Apostrophe]. Enel created its Innovation Communities in order to foster open innovation at the very frontier of technology. Why not go out and find fresh and out-of-the box ideas? “Those impacted the most from displacement—young children—are receiving the least,” says Sherrie Westin, Sesame Workshop’s president of global impact. With 50% of its population under the age of 19, Africa will be home to the world’s largest workforce by 2035: a billion-plus people who will transform the continent. The Open Innovation Group is an influential community for senior decision makers and innovators involved in Sports and Entertainment, Health Care and Energy. Company's HQ: Dearborn, Michigan, United States, The Innovative Side of the Company: Through advisory and research services, mainly related to information technology, Gartner provides firms, government agencies and investment companies with models, events and programmes to analyse and evaluate their activities and position in the market, and foster their innovative side, Company's HQ: Stamford, Connecticut, United States, The Innovative Side of the Company: GE Ventures partners and invests in best ideas within software, health care, energy and advanced manufactury, Company's HQ: Boston, Massachusetts, United States, The Innovative Side of the Company: A strict collaboration with customers and partners to find innovative and sustainable supply chain solutions, Company's HQ: Augusta, Georgia, United States, The Innovative Side of the Company: The idea of innovation at Grundfos is rooted and brought to life through different initiatives. HaiLa is the winner of the 2019 Nokia Open Innovation Challenge. Last spring, a steel mill in a city east of Beijing began transforming carbon emissions into fuel, thanks to a first-of-its-kind bioreactor filled with microbes that eat waste gases and produce ethanol—as many as 16 million gallons a year at the mill. Read on to learn how these 50 companies are creating the future today, plus see our top-10 lists of the Most Innovative Companies by sector, from advertising to wellness. Apple’s most impressive new product of 2018 wasn’t a phone or a tablet, but a chip: the A12 Bionic. Despite years of hype and countless studies, many still find open innovation an abstract concept.. The World’s Most Innovative Companies is the definitive ranking of the 100 firms investors think will create profitable new ideas. Often we see companies that are trying to innovate as they want to remain competitive, but don’t know how to do it. Innovation can be defined in many ways. Without the ability to explore new technology, uncover new revenue streams, and become first to market with new concepts it will become increasingly difficult to maintain a firm grasp on any market. In the last two decades, we’ve created a network of innovation communities that help founders build companies a We kindly ask you to fill out the form below to get our free case study. Mozilla COO Denelle Dixon and her team are making online browsing safer. Open Journal of Business and Management, 7, 502-518. doi: 10.4236/ojbm.2019.72034. Economist Henry Chesbrough opened the sixth edition of the World Open Innovation Conference (12-13 December) with this observation.He called it the “Exponential Paradox” and it is also the starting point for his new book Open Innovation Results. Marketing and SEO Manager with a background in International Relations and Marketing. 1. We’ve already looked at some of the fascinating companies on this list and what they are doing to drive open innovation. All innovative firms are aware that to be a changemaker, they need to take the three following steps: Most of the startups or actors taking part in special corporate programs, labs, hackathon, etc., are often lacking resources, but not ideas. Are new ideas considered to be a danger by many big companies? Winc's $13 Finke's Sparkling White Blend was designed as an affordable alternative to champagne. For nearly 50 years, Sesame Street has taught children at home. While Jeff Bezos and Elon Musk brag about their enormous rockets, capable of carrying heavy payloads into space, L.A.-based Rocket Lab has embraced a different strategy. Virgin Start-Up offers a wide range of programs for growing companies, from mentoring to professional support for branding, marketing, business planning and import/export, from courses for improving IT skills to loan for start-ups, The Innovative Side of the Company: One Market Center supports teams of experts that can help a growing company to reach the next level. Is the answer to embracing risky projects - that could finally bring innovation? Provide additional resources for external innovators with disruptive partners. The duration of the Accelerator is of 13 weeks and includes different learning stages, like introduction, mentoring, investment and access to technical expertise, Industry Focus: Banking, Financial Services, The Innovative Side of the Company: Bayer Open Innovation proposes different options to enter in collaboration with the company. Amid the music industry’s digital transformation, Universal is redefining what a modern label should look like. Valuer.ai curated a list of100 corporate innovation podcasts. One room is full of sequins and kids’ clothes. As CEO of Kano, which makes kits that let anyone code and build their own computerized toys, Alex Klein is on a mission to “give [people] an understanding of—and influence over—the tech in their lives.” In October, Klein launched the Harry Potter Kano Coding Kit, a $99 wand-building set that teaches users how to program accelerometers, magnetometers, and gestural controls. The Coca-Cola Company, Sustainability Director Europe. ennomotive will help you describe your challenge and our open innovation hub of +20,000 engineers and solvers will quickly submit the solutions you are looking for. The center gives the possibility to join different types of learning activities about commerce advancement in authentication, digital, security and IoT, sessions for prototyping and experimenting, using Visa platforms, Company's HQ: Foster City, California, United States, The Innovative Side of the Company: At Innovation Park, Vodafone's experts foster innovation and development of networking technologies. How to Discover New Businesses as a Corporation, Identifying New Business Models and Technologies Within SDG 15, 5 Ways Sustainability Is Driving Innovation and Transforming Industries, 100 Most Innovative Large Companies of 2019, involve their own employees in order to create new solutions, Ford Research and Innovation Center Palo Alto, 50 Examples of  Corporations that Failed to Innovate. Last fall, it reworked its IRL channel to promote subcategories for cooking, fitness, and talk shows. Nine years after launching its credit-card-reading dongle for smartphones, Square continues to find ways to make payments less painful. “We are a content creation shop at this point,” says cofounder and CEO John Foley. Radiology specialists, however, are in short supply and often overworked, leading to waiting lists and errors. Networking Equipment, Consumer Electronics, The Innovative Side of the Company: Investing in fintech start-up companies is the way Nordea has decided to walk the way to innovation. Pro sports teams can now create merchandise that responds to fan demand near instantaneously, thanks to online retailer Fanatics. In October, the company introduced Square Terminal: a single-screen card-reading device (picture a smartphone resting on an angled white base) that offers wireless connectivity, a touch screen, and receipt-printing capability. That's how many remote salespeople help promote the company's expanding line of clean-beauty products, such as its new biodegradable makeup-remover wipes. In an age of distraction, the NBA holds people's attention. A team of consultants mediates the process that brings data insights to real business life, while through different programs like Le Garage and the Bell Labs prize, new ideas are sourced, Industry Focus: Telecommunications equipment. “We focus on amplifying the everyday.”. Read on to learn how these 50 companies are creating the future today, plus see our top-10 lists of the Most Innovative Companies by sector, from advertising to wellness. Valuer.ai has published a list of major innovative companies that through Corporate Innovation Labs, Corporate Garages, Corporate Investment Programmes, Corporate Hackathon, Corporate Startup Funding and Corporate Startup Awards, welcome external visitors, partner with early-stage companies and involve their own employees in order to create new solutions, new products, and new processes. THANK YOU FOR YOUR INTEREST IN ISPO Open Innovation. Great companies want to unite their people and provide workflows that allow them to access the world of innovation, so that they may all play an integral role in creating the businesses that will drive future growth. The creativity of the teams participating in the event has brought to ABN AMRO's attention, innovative solutions about new payment methods implementing blockchain technology, The Innovative Side of the Company: Accenture Labs support companies in keeping the pace with future trends and technologies. The executive jury has the power of discretion to allocate the cash price to the best and the most promising companies. After completing the form you will receive the … [Photo: The Voorhes; Icons: Fae Frey (wallet); Paisley (car); Linseed Studio (heart); Bom Symbols (silverware); Maxim Basinski (plane) at the Noun Project]. Thanks to the usage data, Aetna Labs Team enables processes and best practices that have measurable value for both customers and patients, Company's HQ: Hartford, Connecticut, United States, The Innovative Side of the Company: Samara is Airbnb in-house innovation design studio, working on exploring new ways to expand the company's mission, through projects related to design, architecture, hardware and software engineering. Chiara is Italian and came to Denmark around 9 years ago. It was partially to honor teammate LeBron James, who had worn the style for his NBA debut, but also to build awareness. Headquarters: Shenzhen, Guangdong, China Employees: Approx. Open innovation allows companies to use and benefit from valuable knowledge and expertise outside their own organisation. In 2018, Indigo’s resilient corn provided over 10% more yield per acre than traditional seed. [Photo: Aaron Richter]. The creative hub where new consumer electronics devices are thought and developed, Company's HQ: Seattle, Washington, United States, The Innovative Side of the Company: Through their company's culture and Innovation Centers, Apple supports developers to improve their skills and accelerate projects, Industry Focus: Computer Hardware, Computer Software, Consumer Electronics, Digital Distribution, Semiconductors, Fabless Silicon Design, Corporate Venture Capital, Company's HQ: Cupertino, California, United States. Apple Music is gaining a foothold in India, and Spotify plans to enter the market in 2019, but “to achieve scale in India you need local advantage,” says JioSaavn CEO Rishi Malhotra. Thomas Frey. 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