Open Innovation has been a growing topic of both practice and research for over a decade. The term originated from the USA but has spread globally into many industrial sectors. This paper has a number of purposes:
- To define Open Innovation, OI.
- Outline the history of Open Innovation and the evidence for its success or otherwise in promoting innovation and contributing to new industries.
- Discuss the connection with Forward Looking Activities (FLAs), Open Access and Open Source software.
- Discuss possible policy options for the EC in relation to OI.
ORBIS is powered by ESPAS, the European Strategy and Policy Analysis System, a unique inter-institutional project aimed at strengthening the EU's efforts in the crucial area of forward planning. ESPAS brings together the European Commission, the European Parliament, the Secretariat General of the Council of the European Union and the European External Action Service to strengthen the Union's collective administrative capacity to identify and analyse the key trends and challenges, and the resulting policy choices, which are likely to confront Europe and the wider world in the decades ahead.