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Open innovation

Industry

Sometimes called crowdsourced innovation. The term originated with Henry Chesbrough; the practical version drops the academic framing.

Open innovation is the practice of drawing innovation inputs from outside the organisation — universities, startups, students, communities — rather than relying solely on internal research and development. The structure varies: sponsored challenges, ideation contests, partnerships with academic groups, scout networks for emerging tech.

The practical case for open innovation is that the talent and perspective relevant to a hard problem rarely all sit inside one organisation. Companies that engage external talent through structured channels — sponsored challenges, hackathons, university partnerships — often surface ideas and candidates they would not have found through internal processes.

On Ewance

Sponsoring an Ewance challenge is a lean form of open innovation. The sponsor brings a real problem; students from across regions and disciplines work on it; the sponsor sees both the deliverables and the candidates whose work stood out. The output is innovation input plus early-funnel candidate signal — neither of which require a multi-year partnership commitment to access.

Related guide

Business Benefits of University Partnerships
ROI and advantages for companies engaging with educational institutions.

Decide by doing.

The fastest way to know whether challenge-based learning fits you is to ship one.

Open innovation — Definition & meaning | Ewance Glossary