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Welcome. My name is Henry Chesbrough and I'm
a professor at UC Berkeley and also at Luiss University in Rome.
I'm going to discuss with you today core concepts and key challenges in open innovation.
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Open innovation emerged out of a book that I wrote back in April of 2003.
At that time, I gave a Google search on the term
open innovation and I obtained about 200 page links in response.
Then when I looked through those page links,
I saw that the word 'open' and the word 'innovation' had appeared in the same sentence,
such as when a company opened an Innovation Center,
but there was no meaning to the term itself at that time.
In preparation for this address,
I did the same search using the same search engine and
I obtained more than 700 million page links.
Although I did not read them all,
it was quite clear that now there was such a thing as the open innovation concept.
Another search I did in preparation for this talk is I went on LinkedIn and I searched
on people in LinkedIn and used open innovation again is my search term.
I found more than 700,000 people on
LinkedIn whose profiles involved open innovation in some way.
All of this suggests that open innovation has
come a long way since the book first came out.
