Open Innovation Insights from Experts Paul Germeraad and Wim Vanhaverbeke

Open Innovation is a rapidly evolving methodology for accelerating new product development. Rather than developing innovations and new technologies secretly in a corporate laboratory, firms embracing Open Innovation actively seek new ideas from outside the firm and actively solicit ideas for their toughest challenges. According to Wikipedia: The central idea behind open innovation is that, in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (i.e. patents) from other companies. Companies who have successfully implemented Open Innovation programs include AkzoNobel, P&G and GE. Paul

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MaxVal Announces the Acquisition of Intellectual Assets, Inc.

MaxVal Group, Inc., a leader in patent lifecycle management has acquired Intellectual Assets Inc. (IAI), a Silicon Valley based IP Advisory services firm.  IAI’s clients range in size from start-ups to Fortune 25 companies that include non-profits, investment organizations, government agencies, national patent offices, law firms, and management consulting service firms. MaxVal focuses on providing solutions to patent attorneys and improving operational and cost efficiencies in the patent operations groups. MaxVal’s solutions includes a mix of software products and value added services such as prior art searching, creating and maintaining patent databases, paralegal services, etc.  IAI has focused primarily on catering

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