Open Innovation 2.0

The book presents the emerging digital innovation paradigm and methodology Open Innovation 2.0 (OI2), which aims to help drive significant structural changes and benefits through digital innovation to society and industry. It highlights how by using quadruple helix innovation in open ecosystems, new services and indeed markets can be created by co-creation and how this leads to a transformation from win-lose to win-win situations for stakeholders. In addition, this book also illuminates key patterns for successful proactive innovation using digital technologies.  Organized around a number of core patterns of OI2, such as shared purpose, partnering and platforms this book leverages more than five years of research by the EU Open Innovation Strategy Policy group on the evolution of open innovation as well as multiple case studies of OI2 in action.

Popularized in the early 2000s, open innovation is a systematic process in which ideas can pass to and from different organizations and travel on different exploitation vectors for value creation. With the arrival of multiple digital disruptive technologies at the same time and as the discipline of innovation evolves, it became apparent that an entirely new approach to innovation was needed that incorporated technological, societal and policy dimensions. OI2 is a nascent mode of simultaneous technical and societal innovation that leverages synergies, shared vision, and disruptive technologies, and delivers multiplicative effects for stakeholders involved. OI2 is based on principles of integrated collaboration, co-created shared value, cultivated innovation ecosystems, unleashed exponential technologies, and rapid adoption.

 Unlike other innovation methodologies, OI2 is also an innovation paradigm and methodology with a purpose; to seek and deliver innovations which move us collectively on to a trajectory towards sustainable intelligent living. OI2 is a paradigm advocating for disruptions, seeking the unexpected and providing support for rapid scale-up of successes. As a method, it provides a safety net for both innovations and innovators, inspiring innovators to have the confidence and courage to innovate. 

Featuring case studies from domains such as energy, telecommunications, transportation, and finance and from companies including Intel, Lego, Alcatel Lucent and Alstom, this book is useful to industry executives, policy makers, academics, and students of innovation and innovation management.