TRENDING
organisations ,” said Pascal Brier , Chief Innovation Officer at Capgemini and Member of the Group Executive Committee . “ The research shows that although companies see open innovation as pivotal for sustainability and continue to step up investments in open innovation , many are still not satisfied with its current outcomes . To address this , large companies need to expand their ecosystem to incorporate a more varied set of partners that will enable a bolder approach to innovation in order to see greater business value in the long run .”
Three of the top five cities where organisations plan to invest in Open Innovation Labs are in Europe
The report finds that organisations are adopting a variety of approaches to engage in open innovation – such as corporate accelerators and incubators , corporate venture capital , crowdsourcing and open innovation labs . Amongst these , 71 % of the organisations surveyed plan to increase investment in open innovation in the next two years .
• New York emerged as the top ranked city for investment in Open Innovation Labs , today and in the next two years , followed by London .
• Paris is expected to move up three ranks , reaching the third spot , overtaking San Francisco ( set to become number four in the next two years ).
• Overall , three of the top five cities where organisations plan to focus investments in Open Innovation Labs in the next two years are in Europe ( these include London , Paris and Berlin ).
• Organisations are diversifying their geographical approach to open innovation labs over the next two years , with Boston , Melbourne , Toronto , Beijing and the Guangdong-Honk Kong-Macao Greater Bay Area ( GBA ), all set to rise in the rankings .
Methodology
For this report , the Capgemini Research Institute conducted a quantitative survey of 2,000 senior executives ( director level and above ) from 1,000 large organisations ( with annual revenue of over US $ 1 billion each ) that have ongoing open innovation initiatives . Two respondents from each organisation were surveyed – one from the innovation function ( or equivalent ) and one from a business function ( including R & D / product development , strategy , marketing , technology / IT , supply chain , sustainability , operations and sales ). The organisations came from a range of sectors , including automotive , consumer products , retail , manufacturing , financial services , energy and utilities , telecom and technology , and life sciences and healthcare . In addition , the Institute also surveyed 500 startups , academics and non-profit entities that have worked on open innovation projects with large organisations ( i . e . organisations with annual revenue of over US $ 1 billion ). All respondents were based in 12 countries across North America , Europe and APAC : US , UK , France , Germany , Italy , Spain , Netherlands , Sweden , India , Singapore , Australia and Japan . The Institute also interviewed 32 senior industry executives and experts .
The report also finds that quality of life / city infrastructure , access to technology partners and to customers and suppliers are the primary factors for companies when deciding which locations to invest in open innovation labs . p
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