About

This process is traditionally done internally and unilaterally within a company. A multilateral model, however, has been gaining popularity and success among the most competitive companies and was coined “Open Innovation” as opposed to the unilateral model “Closed Innovation” in 2003.

Open Innovation lowers cost and reduces time in early-stage research by forming an external partnership where information is shared between experts across business and academia. Close Innovation, on the other hand, ensures market supremacy by guarding key technologies internally. Each model has its strengths and limitations; each model is viable in its way. So the question is, why not take the best from both worlds?

The IoX Center Smart Innovation Partnership consists of the best and brightest people ranging in AI, IoT, HCI, Design, and Business Management. Through leveraging and combining resources, we produce high-quality forethoughtful early-stage research with lower cost in a shorter time. At the same time, we identify and productize prospective findings with our business partner through seamless technology transfer.

We are your reliable innovation partner, the one-stop for your innovative needs. Join us to achieve more for less, join us to start innovating smartly.