Open Innovation Mill: Utilization of Nokia's Non-Core Ideas

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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date

2012

Department

Department of Industrial Engineering and Management

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Mcode

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Language

en

Pages

765-773

Series

PROCEDIA: SOCIAL AND BEHAVIORAL SCIENCES, Volume 58

Abstract

The Innovation Mill (IM) is an initiative which has been established in collaboration mainly among Nokia Corporation, Technopolis, and Tekes. Nokia Corporation provides its non-core ideas to other existing and start-ups companies through IM to turn these ideas into valuable products and services. Nokia's idea database consists of enormous number of ideas that are non-core to it. Companies earn gratuitous licensing of ideas from the Nokia Corporation. This study explores the IM case to understand the insights of the initiative. IM case can be a learning lesson for other large companies who have unused ideas that can have commercial value if those ideas are given to various pertinent external companies. Moreover, this study raises some important issues which are pivotal to explore so that IM grows successfully.

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Keywords

Ideas, Innovations, Innovation Mill, Non-Core, Open Innovation, Nokia

Other note

DOI

10.1016/j.sbspro.2012.09.1054

Citation

Hossain, M 2012, ' Open Innovation Mill : Utilization of Nokia's Non-Core Ideas ', PROCEDIA: SOCIAL AND BEHAVIORAL SCIENCES, vol. 58, pp. 765-773 . https://doi.org/10.1016/j.sbspro.2012.09.1054

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https://urn.fi/URN:NBN:fi:aalto-201705114034

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[article-cris] Perustieteiden korkeakoulu / SCI