“Berkeley seems like a fitting place to find the godfather of
the open-innovation movement basking in glory. The Californian
village was, after all, at the very heart of the anti-establishment
movement of the 1960s and has spawned plenty of radical thinkers.
One of them, Henry Chesbrough, a business professor at the
University of California at Berkeley, observes with a smile that
‘this is the 40th anniversary of the Summer of Love.’“Mr Chesbrough’s two books ‘Open Innovation’ and ‘Open Business
Models’ have popularised the notion of looking for bright ideas
outside of an organisation. As the concept of open innovation has
become ever more fashionable, the corporate R&D lab has become
decreasingly relevant…”