Originally published on Innovation Research Interchange

Over the past decade, open innovation has gone from a newly coined term explaining how organizations look beyond their own borders, to a force of nature in the world of innovation. The practice of open innovation is growing and looks to be taking on new dimensions according to the man who coined the term, Henry Chesbrough, Faculty Director, Garwood Center for Corporate Innovation, UC Berkeley-Haas School of Business. Yesterday, in recognition of Chesbrough’s work and influence on the field of innovation management, the Industrial Research Institute (IRI) honored him with the IRI Medal at its Annual Meeting. 

To read more about Professor Chesbrough, open innovation, and the IRI Medal, visit Innovation Research Interchange.