Module 1: The Open Innovation principle and Open Innovation process for agro-industry and bioeconomy.

Bahar Bahramian Dehkordi, Nikhil Phadnis

Open Innovation has become a new paradigm for organizing innovation and driving profitability not only in several mainstream industries like consumer products, automotive, or services but also the minorities such as bioeconomy, fish and organic farming etc. Module one familiarizes an individual with the world of Open Innovation, its history, and why the world jumped on the trend of OI investing in Open Innovation activities. The module provides comprehensive information on the bio-economy and agricultural industry, showcasing the impact that Open Innovation has had on it. Additionally, the module dives deeper into the principles of Open Innovation, its potential use cases, and relevant contextual case studies. This module provides SME managers with the basics of Open Innovation concepts and illustrates them in the form of case studies to signify their importance in a world of uncertainty.

Upon completing this module, you should be able to:

• Learn the principles of Open Innovation and its process
• distinguish between different modes of Open Innovation (inbound and outbound)
• Explain the concept of Open Innovation through both theory and case studies
• Analyze Open Innovation activities in companies and the motives for engaging in them, and the mechanisms through which they create value for the company