Celebrating the Career of Professor Joel West Research Seminar – “Open Innovation in the Healthcare Sector”

Please join us for Dr. Joel West’s Research Seminar Speaker Series presentation along with a celebration of Dr. West’s time here at KGI prior to his retirement the end of this semester!

Scholars have previously studied sectoral systems of innovation to analyze the interdependence of innovation activities and capabilities in an industry, but such studies have not specifically considered the role of open innovation, the paradigm for collaborative innovation defined by Chesbrough (2003). Here I review prior on biomedical product firms within the healthcare sector as defined by the S&P 500. From this research, I show that these firms — whether biotechnology, traditional pharmaceuticals, medical equipment or tools — demonstrate all modes of open innovation. Incumbent firms in-license technologies, acquire technologies and entire companies, while universities, small and large companies provide those technologies. Meanwhile, firms also practice coupled innovation, through bilateral and increasingly multilateral collaborative research. This study offers an example of how open innovation can be used to augment such sectoral studies, and offers a general model for open innovation knowledge flows in science-based industries

Date:  Friday, April 21, 2023

Time:  3:30 – 4:30 – Presentation

Celebration: 4:30 – 5:30 p.m.

Location: 535 Bldg. – 152 Classroom