{"id":518,"date":"2014-04-30T00:00:00","date_gmt":"2014-04-30T00:00:00","guid":{"rendered":"https:\/\/gac.idexlab.com\/blog\/when-corporates-open-innovation-centers\/"},"modified":"2025-04-08T09:44:07","modified_gmt":"2025-04-08T09:44:07","slug":"when-corporates-open-innovation-centers","status":"publish","type":"post","link":"https:\/\/gac.idexlab.com\/?p=518","title":{"rendered":"Corporates Open Innovation Centers"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">A collaborative dimension<\/h2>\n\n\n\n<p>Companies now announce &#8220;corporate open innovation centers&#8221; and insist on the collaborative dimension of the facility : with the local ecosystem, the local authorities, the clients, SMEs, etc. &nbsp;And &#8211; amongst others &#8211; with technology providers as well.<\/p>\n\n\n\n<p>what about before?<\/p>\n\n\n\n<p>20 years ago large companies used to open &#8220;new R&amp;D facilities&#8221; or new development centers&#8221;. They used to proudly announce how many Engineers and PhD&#8217;s they planned to hire and how they would install the latest equipment to push the technology envelope.<\/p>\n\n\n\n<p>Not anymore.<\/p>\n\n\n\n<p>Have a look at the recent AT&amp;T announcement :<\/p>\n\n\n\n<p><em>&#8220;With already $100 million invested in 4 <a title=\"www.att.com\" href=\"http:\/\/www.att.com\/gen\/press-room?pid=2949\" target=\"_blank\" rel=\"noopener noreferrer\">AT&amp;T foundry centers<\/a> across the world with the help of sponsorships from companies like; Alcatel lucent, Amdocs, Cisco, Ericsson, AT&amp;T is again planning to open a new innovation center for <a title=\"technology innovation\" href=\"http:\/\/www.idexlab.com\/en\/blog\/technology innovation\">technology innovation<\/a> and collaboration in Austin. The center will focus closely on data analysis, education as well as video\/mobile applications and solutions and will serve as a catalyst for <a title=\"collaborative innovation\" href=\"http:\/\/www.idexlab.com\/en\/blog\/collaborative innovation\">collaborative innovation<\/a> between educators, residents, community leaders, technologies and entrepreneurs. Community members will also have a great opportunity to create new content for the AT&amp;T\u2019s TV, online and mobile platforms in the studio dedicated for that.&#8221;<\/em><\/p>\n\n\n\n<p>The rationale ? Time-to-market and better linkages with customer needs and local innovation capabilities :<\/p>\n\n\n\n<p><em>&#8220;With the help of innovation centers as these, AT&amp;T wishes to narrow down the time to bring projects from concept to commercialization from 2-8 years to 6 months. What started as a traditional phone company that originally preferred to develop new services and products in-house, relying on its once formidable AT&amp;T Labs business, has been transformed to a group that is now able to spark a legion of ideas through a massive crowd-sourcing effort by building more relationships mostly with the startup community.&#8221;<\/em><\/p>\n\n\n\n<p><i>Sources: <\/i><i><a href=\"http:\/\/www.att.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">AT&amp;T<\/a><\/i><i> , <\/i><i><a href=\"http:\/\/www.siliconhillsnews.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Siliconhills<\/a><\/i><i>, <\/i><i><a href=\"http:\/\/www.prnewswire.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">PRNewswire<\/a><\/i><i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A collaborative dimension Companies now announce &#8220;corporate open innovation centers&#8221; and insist on the collaborative dimension of the facility : [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Corporate Open Innovation Centers: Enhancing Collaboration and Speed","_seopress_titles_desc":"Explore how corporate open innovation centers collaborate with local ecosystems, clients, and technology providers to accelerate time-to-market and align with customer 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