Open Innovation has become an indispensable tool to speed up corporate innovation. And yet, widespread adoption has been slow as the implementation of open innovation programs encounter barriers. This article will review some of these barriers along with recommendations on how to overcome them.

The rapidly changing business landscape has made it impossible for organizations to stay competitive while relying only on internal R&D. To maintain pace, organizations must include elements of open innovation in their organizational innovation toolboxes, but “closed” innovation hasn’t disappeared.

Fueled by the need for COVID-19 solutions, this partnership expands access to collaboration and data-sharing services between the two companies' global communities. The result? Data-driven crowd intelligence solutions that will solve the world's toughest problems - starting with COVID-19.

Diversity is more than just being about race, ethnicity, and gender. Beliefs, education, socioeconomic backgrounds, sexual orientation, cultures, and disabilities enrich the business environment and fuel innovation. Building a diverse and inclusive workforce is critically important to businesses.

How do you manage intellectual property; how much of the asset is shared, or controlled? A strong intellectual property strategy coupled with a well-managed and structured crowdsourcing project will mitigate the risk and attract more positive collaboration.

For any organization, being part of the innovation ecosystem implies the ability to work with a wide range of partners, including customers, suppliers, academic institutions, startups, and government agencies. More and more often, it also implies working with the organization’s competitors.

Ideas are no longer the precious commodities of experts, researchers, and PhDs. Open innovation has leveled the playing field by opening up the channels for breakthrough ideas and the exchange of knowledge and proprietary assets.

In light of recent events, you may find yourself adjusting to a temporary new way of life. As more companies shut down their offices for preventative measures, Work-from-Home (WFH) is quickly becoming the new normal. For some, this is uncharted territory but for us at HeroX, it’s all we know.

Crowdsourcing has gained impressive traction as a corporate tool over the last decade - and not just a tool just for big organizations but also SMEs.

See 5 examples of crowdsourcing projects NASA has run either on or outside of the HeroX platform to solve their most interesting problems.