Innovation really refers to an imaginative way of dealing with change. It is about generating new ideas, conducting research and development, improving processes or renewing products and services.
LEARN THE LANGUAGE OF INNOVATION.
Open-innovation is based on innovation practices that deliberately rely on internal and external actors to improve efficiency or to better leverage internal innovation efforts between:
- The organization and its environment, in order to allow a better sharing of risks and gains with external partners;
- Within the organization itself, in order to allow greater mobilization of all the company’s employees.
An innovation ecosystem is a term used to describe a large number of participants and the various resources required for the innovation process. Actors involved may include government entities, entrepreneurs, intrapreneurs, investors, researchers, academics, research centres, private companies, creators and professional service providers.
A community composed of various factors and interdependent actors interacting within a geographic region to promote entrepreneurship. The actors involved can be government entities, entrepreneurs, intrapreneurs, investors, researchers, academics, research centres, private companies, creators and providers of professional services, incubators/accelerators, coworking spaces.
A digital ecosystem is a distributed, adaptive and open socio-technical system, with properties of self-organization, scalability and sustainability inspired by natural ecosystems. Digital ecosystem models are informed by the knowledge of natural ecosystems, especially for aspects related to competition and collaboration between various entities. The term is used in the computer industry, the entertainment industry and the World Economic Forum.
An intrapreneur is an employee that behaves like an entrepreneur while working within a large organization.
A Living Lab brings together public and private players, companies, associations and individuals, with the aim of testing services, tools and new users in “real life”. The aim is to move away from laboratory research to apply concepts in everyday life, often with a strategic view on the potential uses of these technologies.
All this is done in cooperation between local authorities, companies, research laboratories and potential users. The aim is to promote open innovation, share networks and involve users from the very beginning of the design process.
A business incubator is a program that provides early-stage start-up companies with access to mentoring, investors and other support to help them get established. Companies that have moved beyond the incubator stage find support through a business accelerator.
A Business Accelerator is a program that provides start-up companies with access to mentoring, investors and other support to help them become stable and self-sufficient. Businesses using accelerators are generally start-up companies that have gone through the early stages of foundation.
The term “excubation” is distinct from incubation. As a result, startups are developed outside the company instead of being developed within the company. “Excubation” takes a more balanced approach to the search for teams and ideas, leveraging internal and external resources synergistically. “Excubation” offers more independence and decision-making power to the start-up, which is different from what is typically found in intrapreneurship and incubators.
Experiences developed for internal or external actors to collaborate together on the creation of new solutions and ideas to solve a specific chosen problem.
Lasting between 24 and 48 hours, hackathons focus on specific topics or challenges. Participants work in groups to generate creative thinking and come up with innovative new concepts, ideas, and prototypes. While some hackathons can be used for educational or social purposes, in many cases the goal of this experience is to create concrete solutions such as a software.
Events developed in order to gather numerous different actors in order to facilitate collaboration and discussion around relevant subjects that can be tackled through an open-innovation approach.
Coordinated internal activities that are developed for employees of an organization to work together on a ‘sprint’ in order to generate new ideas, solve problems and be creative while collaborating. For example, Google is known for their innovation sprint in which employees in different departments are asked to work together to create, prototype and test new ideas and designs.