A blog on the BBSRC website noted two key concepts that are essential to developing a true open innovation environment. The first is proactive management of intellectual property (IP). Many people confuse open access with open innovation – open access is one model of open innovation where IP is made freely available. However IP can be managed in many ways. In a closed innovation system IP is restricted to the IP holder whether that’s a company or an individual.  IP can also be licensed or transferred for others to use and commercialize. The second concept is really a cultural one – to accept that others might have better resources to develop your IP than you and with this comes a need to share risk and reward.

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