2015 was the year of many innovative first and it took lots of villages to get there. In fact, innovation over the last year was one of the most active in history with double-digit growth of 13.7 percent. This jump was the result of lots of villages working to nd better ways of doing things and breakthrough science, technology and medicine.
It was the year of Collabovation.
Global innovation activity experienced gains across 11 of the 12 sectors throughout 2015, with the largest leaders being Medical Devices, Home Appliances and Aerospace & Defense.
What is Collabovation ?
According to Thomson Reuters Collabovation is a term used to represent the elegant convergence of collaboration, innovation, cultivation, cross-pollination and calibration, swirled into the powerful process of bringing inventions to life with strategic partners and suppliers. Coming up with a novel idea can be a feating itself, but actually bringing one to market is an entirely different game.
The Lifecycle of Innovation, from discovery and protection to commercialization and launch, involves everything from research and prototyping to intellectual- property protection and product monetization. In today’s fast-paced world of science, technology and medicine, where disruption and multi-tiered competition are the norm, it takes collabovation to truly succeed.
Collabovation is happening between corporations and universities. Government agencies and research centers. Start-ups and bellwethers. Physical and mental boundaries are being lifted. Like-minded, similar-goaled organizations are nding each other. A web of information is aligning partners and best practices in an effort to collaboratively innovate.
The Thomson Reuters report showcases some of these instances, as well as uncovers key innovation trends for 2016.
Text-Quotes and Citations:
Vincent J. Caraher,
President,
Thomson Reuters IP & Science
Read the complete article and Download: Thomson Reuters 2016 STATE OF INNOVATION REPORT
http://stateofinnovation.thomsonreuters.com/