Are You Open to Open Innovation?

In 2016, Pfizer and the Institute of Pediatric Innovation (IPI) organized an open innovation competition in hopes of addressing an ongoing challenge: administer multiparticulate medicines to children more easily. HS Design, a design firm specializing in medical devices and life sciences, decided to enter the competition and ended up not only winning the program but taking its innovation further toward commercialization. The experience not only served HS Design, but it also exemplifies how open innovation programs could help launch medical advances. Tor Alden, Principal of HS Design, will be exploring the concept of open innovation as he moderates the upcoming BIOMEDevice Boston panel discussion, “Collaborative Innovation,” at Center Stage April 19. Joining him as panelists are Michael Quinn, VP of Design and Engineering, HS Design; Donald Lombardi, President for IPI; and Marty Coyne, Principal and Founder, Matchstick. TAlden Headshot[1] copy.png Tor Alden Image Credit:  Tor Alden Open innovation (OI) programs can help tackle two different types of challenges, says Alden: “Tough problems and underserved problems.” OI enables programs to “leverage several smart minds all at once and generate as many ideas as possible,” he explained. It is different from a traditional “time-bound process involving one design firm—there may be 5 or 6 firms, working in short sprints.” Such programs foster what Alden called “healthy collaboration, with the...
Source: MDDI - Category: Medical Devices Authors: Tags: BIOMEDevice Boston Design Source Type: news