1stMOVER | Knowledge
Whitepaper:
5 reasons why economic development initiatives fail with open innovation – and how to do it right
How does open innovation really work?
Many economic development agencies launch innovation programs with great enthusiasm — yet achieve little lasting impact. The problem is rarely a lack of potential, but rather false assumptions, a lack of structure, or unsuitable formats.
This white paper clearly and practically demonstrates why open innovation initiatives often come to nothing — and how economic development agencies, cluster managers, and ministries can set up open innovation in such a way that it creates real added value for the economic region.
- Why many regions overestimate their capacity for innovation
- Why projects fail when the format does not fit the strategy
- How a lack of structure blocks good ideas
- Why choosing the "first best" partner is a big risk
- Why open innovation only begins after the project starts – not before
What this white paper offers you
- A clear analysis of the five most common misconceptions about open innovation
- Concrete checklists and recommendations for planning, implementation, and scaling
- A tried-and-tested process model from analysis to sustainable implementation
- A case study (H2UB) that shows how open innovation works in practice
- Guidance on how economic development agencies can implement effective innovation programs despite limited resources
Who is this white paper intended for?
For managing directors, division managers, innovation managers, and project managers from economic development agencies, cluster managers, and ministries who want to use open innovation strategically, effectively, and sustainably.
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