Open Innovation for SDG Impact
Times of crisis are times of innovation - and collaboration. Especially during the Covid pandemic, numerous companies relied on the involvement of external partners in their innovation processes. One example is the rapid production of ventilators that are urgently needed through the cooperation between the US automobile manufacturer Ford and the medical technology company GE Healthcare.
A growing number of internationally successful companies are thus bundling internal specialist expertise and resources with the know-how of customers and other companies, research institutions and non-profit organizations as part of Open Innovation. The promise is: competitive advantages through early recognition of customer needs, shorter development times and new application options for innovative products. Cooperation with start-ups, with companies from other industries and with competitors in particular can offer an attractive playground for disruptive innovations and initiate new creative thought patterns in order to generate market-based solutions for even the most complex challenges.
Open innovation can also be an important lever for achieving the Sustainable Development Goals in developing countries: New alliances such as those between aircraft manufacturer Airbus, the pharmaceutical company Merck and the Nigerian health logistics startup LifeBank, which is dedicated to the delivery of vital medical products in Africa, combine market expansion and SDG impact.
The corporAID Multilogue shows how companies can use open innovation to build a competitive advantage and at the same time contribute to overcoming complex challenges in the context of the SDGs. Using international good practice examples, the success factors of open innovation strategies are discussed and reflected on how companies can use them to respond specifically to the need for innovative solutions in developing countries.
Blanca Guitard, Innovation Manager at Airbus Defense & Space
Tendai Pasipanodya, Director at endeva
Hans Stoisser, founder of NextAfrica
Maria Tagwerker-Sturm, Retail Innovation Manager at Umdasch Group Ventures
Werner Wutscher, founder of New Venture Scouting
Date / time
Wednesday, November 24, 2021 | 17:00 - approx. 19:00 CET