Open innovation: the key to advancing brain health

With the exponential growth in investment attention to brain health—solutions spanning brain wellness to mental health to neurological disorders—tech giants, payers, and biotechnology companies have been making forays into this field to identify technology solutions and pharmaceutical amplifiers. So...

Full description

Saved in:
Bibliographic Details
Published in:CNS spectrums 2023-08, Vol.28 (4), p.392-394
Main Authors: Eyre, Harris A., Searfoss, Jason, Hopwood, Malcolm, Berk, Michael, Chen, Shuo, Cummings, Jeffrey, Veron, Francois, Zikopoulou, Vicki, Ibanez, Agustin, Kelly, Kacie, Soares, Jair C., Smith, Erin, Gilbert, Barnabas J.
Format: Article
Language:English
Subjects:
Biomarkers
Collaboration
Due diligence
Entrepreneurs
Entrepreneurship
Innovations
Medical equipment
Startups
Success
Technological change
Venture capital
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:With the exponential growth in investment attention to brain health—solutions spanning brain wellness to mental health to neurological disorders—tech giants, payers, and biotechnology companies have been making forays into this field to identify technology solutions and pharmaceutical amplifiers. So far, their investments have had mixed results. The concept of open innovation (OI) was first coined by Henry Chesbrough to describe the paradigm by which enterprises allow free flow of ideas, products, and services from the outside to the inside and vice versa in order to remain competitive, particularly in rapidly evolving fields where there is abundant, relevant knowledge outside the traditional walls of the enterprise. In this article, we advocate for further exploration and advancement of OI in brain health.
ISSN:1092-8529
2165-6509
DOI:10.1017/S109285292200092X