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Financial Times: Innovative Matchmakers

Author: Louise Lucas
December 28, 2011


Louise Lucas describes the culture of open innovation and its benefits.

Left to its own devices, Apple might never have come up with the iPod. The now-ubiquitous music player was the brainchild of one Tony Fadell, a former employee of Philips, whose concept failed to raise sufficient funding, prompting him to hawk it around established corporates.

Less game-changing innovations also owe their existence to outsiders. The military came up trumps when a microwave manufacturer wanted to develop methods of heating more evenly – the soldiers' system had been tried and tested with blood plasma on the battlefields.

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