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Thursday, October 25, 2012

What Parc Learned

On what Xerox spinoff Parc learned about open innovation.   We visited Parc many times  and they us, always interesting.  " ... The concept of open innovation has moved from business phrase to business reality over the last ten years. When PARC became a for-profit subsidiary of Xerox to practice open innovation in 2002, Henry Chesbrough had not yet published his book Open Innovation and the concept was not well understood. Companies knew how to engage a design firm, license IP, and form joint ventures, but few knew how to truly co-develop innovations with external partners, such as PARC. ... " 

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