Innovation is key to any companies success. Research and development department in a company which in short called the R&D is responsible for this. Without innovation a company wont grow.
Things are changing corporate world is moving towards open innovation . There are thousands of innovators around the world who have innovation either patented or unpatented but could not commercialize because of non availability of a platform to do so. Companies going for open innovation will help them out. They will select commercially viable ideas and help meterialize into products . This is very helpful for meny innovators to realize their dream.
One such company who is already with open innovation is P&G. In P&G they call it connect+develop .It is very popular. They were able to come up with many new products after started to associate themselves with innovators outside. P&G was the star in the UK product of the year award.
They have started websites trough which innovaters can post their ideas. Now P&G in entertaining mainly patented ideas. company also maintains a R&D as company feels that it is also important.
so friends if you are an inventor or if you have any fresh idea here is a platform to shine, Good luck.
