As the world moves towards “the fourth industrial revolution”, the emergence of open innovation has become of increasing importance. Traditionally, organizations have relied on internal R&D resources and human capital to produce innovative products and services. While this traditional form has resulted in a significant amount of groundbreaking and life-altering technology, modern-day innovation has moved towards an “Open innovation” model. Let’s review what open innovation is and highlight 5 open innovation systems that are wildly…