WIBC

WIBC is rated 3 out of 5 in the category think tanks. Read and write reviews about WIBC. Innovations require only three things: • A recognized need, • Competent people with relevant technology and or skills, • Financial support. ~ Joseph F. Engelberger WIBC is an Open Innovation Idea incubator that provides access to: • A collaborative network of industry specialists available to brainstorm ideas and problems • A proven innovation management process and methodology managed by trained innovation managers • A pool of dedicated concept development teams and rapid prototyping and testing methodology • Access to specialised venture capital funding to support commercialisation of innovations “Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. [This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology.” - HENRY CHESBROUGH