Open Innovation, research, collaborations between startups, universities and companies: these were the topics at the heart of the meeting held at Terna’s Auditorium in Rome, entitled “Innovating The Grid: An Open Innovation Perspective”. The event offered an opportunity to exchange views on the role of open innovation in the evolution of the electricity system.
The meeting was organised on the occasion of a visit to the Italian capital by Professor Henry Chesbrough, a lecturer at the University of California, Berkeley, who is internationally recognised as the theorist behind and promoter of the open innovation paradigm.From a closed system to a new collaborative approach. In his speech, Chesbrough offered an authoritative view of the strategic value of collaborations between businesses, universities and innovation ecosystems, illustrating the evolution of innovation from a closed system within companies to an open model. “For much of the twentieth century, innovation was a closed system and became a mental habit. In the traditional model, it was taken for granted that the innovation is a journey from the laboratory and research to the market and to customers. Today, that’s no longer the case,” explained the professor. “In fact, there’s no guarantee that being the first to invent something also means success on the market. Sony and Texas Instruments did not invent the transistor, but they were the quickest to innovate using somebody else’s invention”.
Moreover, “talent mobility has made it impossible to retain all expertise within a single organisation. When people leave, they take their experience and knowledge with them. And this has radically changed the rules of the game,” added Chesbrough. “Another factor is the central role of universities, which are no longer a separate world from industry: today, they produce knowledge which is directly useful to businesses”. This is where the new innovation model springs from: “The innovation funnel is no longer closed: it’s full of gaps through which ideas can get in and out. Knowledge has to be able to flow from the outside to the inside, but also from the inside to the outside”.