economic viability

As the name suggests, open innovation may involve many different
organisations and individuals. The benefits associated with it include:
¦ More ideas are generated and a broader base of expertise accessed
leading to improvements in the cost, quality and speed of innovation
¦ Licensing new innovations to third parties may provide a needed stimulus
within the organisation to make more use of internally generated ideas
¦ Exported ideas may receive more intense scrutiny and so a more rigorous
test of the economic viability of the idea