Back in the 1980’s when Henry Chesbrough was still working in the Valley; he was frustrated with the lack of information flow between academia and industry. He felt the divide between research institutions and managers in R&D were wide. And, in response, he set out to explore this gap by completing his PhD and becoming a professor. Fast forward to 2003, Henry conjectured and hypothesized this problem and like any modern day philosopher, ultimately, he turned to Google and typed in ‘open innovation.’ This search resulted in roughly 200 hits and none of them touched on his line of thought. Since that time, open innovation has become the subject to thousands of articles, hashtags, jobs, books, and professional conferences. Much like high-tech, the cloud, internet of things and big data – the words are vague and the foundation principle is often diluted in publications.
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