Select your localized edition:

Close ×

More Ways to Connect

Discover one of our 28 local entrepreneurial communities »

Be the first to know as we launch in new countries and markets around the globe.

Interested in bringing MIT Technology Review to your local market?

MIT Technology ReviewMIT Technology Review - logo

 

Unsupported browser: Your browser does not meet modern web standards. See how it scores »

{ action.text }

When Rich Friedrich of HP Labs looks into the future, he sees desks used as 3-D displays, printers that automatically tailor a newspaper to a reader’s tastes, faster and more secure cloud computing servers, and wireless nano-sensor networks that monitor the environment.

But he also sees that achieving these technologies will require tapping into resources beyond HP’s own intellectual property. It will require an embrace of “open innovation,” the idea that companies should make wider use of ideas and technologies that come from other sources—and allow their own technologies and ideas to be adopted by others.

Toward that end, HP’s Innovation Research Program, now in its fourth year, gives grants of $50,000 to $75,000 to university researchers. Each grant can be renewed for up to three years. The company is reviewing proposals for this year’s round of grants.

“This is not innovation by doing contract research,” says Friedrich, director of the Open Innovation Office at HP Labs. “This really about bottom-up ideas and inspiration and trying to understand how to apply those.” Existing projects include research at the Technical University of Berlin into improved ways to process search queries in the cloud, work at Imperial College London into building nano rods to make new display devices, and data-mining research at Tsinghua University in China.

“This is not a program for incremental innovation, nor will it show up in next year’s products,” says Henry Chesbrough, director of the Center for Open Innovation at the Haas School of Business at the University of California, Berkeley. “These program areas HP identifies are explicitly for longer-term, five-plus-years-out time frames.” Chesbrough adds that this focus on long-term strategic value is unique among the companies he knows of that do open innovation. And, he says, HP’s program—which last year gave 65 grants to 49 institutions in 14 countries—reaches a far wider circle than most.

HP Labs focuses on eight broad themes, including cloud computing, digital printing, and sustainability. Within those areas, the Innovation Program seeks proposals on 26 topics. For instance, the Sustainable Ecosystems Research group is interested in better methods of handling the energy demands of data centers and applying information technology to a city’s infrastructure. So if a researcher has an idea for a mathematical model that could describe how server farms behave, or ways to use analytics to predict leaks in water pipes, he or she could win a grant.

0 comments about this story. Start the discussion »

Credit: HP

Tagged: Business, Business Impact, business, Innovation Strategy

Reprints and Permissions | Send feedback to the editor

From the Archives

Close

Introducing MIT Technology Review Insider.

Already a Magazine subscriber?

You're automatically an Insider. It's easy to activate or upgrade your account.

Activate Your Account

Become an Insider

It's the new way to subscribe. Get even more of the tech news, research, and discoveries you crave.

Sign Up

Learn More

Find out why MIT Technology Review Insider is for you and explore your options.

Show Me