- News article -

Open Innovation: Best practices for raw material companies

13 Dec 2018

Mining and raw materials companies have long and costly innovation cycles and are typically located far from their potential ecosystem partners. These factors make it challenging for these companies to pursue faster innovation and utilise co-development opportunities.

Adopting a collaborative approach to innovation can greatly benefit companies in the raw material industry. This was the main message of Overcome, a project supported by EIT RawMaterials, in which a set of Open Innovation (OI) best practices and tools was built specifically for raw material companies.

The project consisted of an open innovation assessment and piloting a digital collaboration tool in an online OI-themed workshop in a case mining company.

The assessment was conducted to evaluate the maturity of the case company within the open innovation framework, based on the Open Innovation Key Success Factors developed by Spinverse. Several key development areas were identified in the R&D&I processes of the case company.

There was a clear need for a better way to involve various stakeholders in the company’s innovation activities, such as project preparation or project management. It was also noted that creating cross-functional teams and increasing collaboration with external partners could aid in achieving sustainable results from the company’s OI efforts.

To answer these needs, an online collaboration tool was tailored for the needs of the company and piloted in an online workshop among participants from the case company. They found it beneficial for several potential use cases, such as new project preparation and solving specific technological challenges. Through enhanced external and internal collaboration, digital collaboration tools can enhance trust and openness between partners and allow faster and more efficient innovation processes.

Read about the best practices and tools for open innovation here

- News -

Relevant posts

Innovation Challenge SME Spinverse News

Innovation Challenge as a springboard to success

17 Jul 2019

While Spinverse Innovation Challenge allows the large companies looking for new ideas to find truly out-of-t...

EU project Spinverse News

Spinverse enhancing business potential of European pulp mills and biorefineries

2 Jul 2019

Spinverse facilitated forming a four-year EU funded project for developing 100% bio-based chemicals, produce...

CTO of the Year ctoeurope Spinverse News

Putting EU innovation centre stage: Orgalim partners with CTO of the Year Europe award

27 Jun 2019

Orgalim, the association representing Europe’s technology industries, has become a partner to the CTO (Chi...

Spinverse News

Can Finland return to the top in economic competitiveness?

20 Jun 2019

In its new programme, the Finnish Government says that it is committed to making Finland more competitive. T...

EU funding Horizon 2020 Spinverse News

2 million euros of EU funding to ManoMotion’s groundbreaking mobile AR technology

19 Jun 2019

Swedish ManoMotion succeeded in receiving extremely competed Horizon 2020 funding in the first try with Spin...

EU funding SME Spinverse News

Taking you to the frontier: the popular funding scheme for SMEs revamped

17 Jun 2019

European Commission shifts into high gear in its popular funding scheme for small and medium-sized enterpris...