# Open innovation: what it is and how it works · Zorraquino
> Open innovation combines internal and external knowledge and collaboration to develop or apply new solutions.
URL: https://www.zorraquino.com/en/dictionary/open-innovation

# Open innovation

Open innovation combines internal and external knowledge and collaboration to develop or apply new solutions

What it means, how it is used and where it comes up, with its related concepts.

[The whole glossary](https://www.zorraquino.com/en/dictionary)

## What it is and how it works

It can involve customers, universities, suppliers or start-ups. It requires agreeing objectives, contributions and the terms for using knowledge. Opening a call for ideas is only useful if there is capacity to evaluate, develop and adopt the results.

Topics

[Strategic design and innovation](https://www.zorraquino.com/en/dictionary/category/diseno-estrategico-e-innovacion)

## Related concepts

- [Product life cycle](https://www.zorraquino.com/en/dictionary/digital-marketing/product-life-cycle.html)
- [SWOT analysis](https://www.zorraquino.com/en/dictionary/digital-marketing/dafo.html)
- [Benchmarking](https://www.zorraquino.com/en/dictionary/branding/benchmarking.html)
- [AI adoption](https://www.zorraquino.com/en/dictionary/ai-adoption)