Open Innovation: The Key to Advancing Brain Health

Authors

Harris A Eyre
Jason Searfoss
Malcolm Hopwood
Michael Berk
Shuo Chen
Jeffrey Cummings
Francois Veron
Vicki Zikopoulou
Agustin Ibanez
Kacie Kelly
Jair C Soares
Erin Smith
Barnabas J Gilbert

Language

English

Publication Date

8-1-2023

Journal

CNS Spectrums

DOI

10.1017/S109285292200092X

PMID

35904045

PMCID

PMC9906564

PubMedCentral® Posted Date

1-29-2024

PubMedCentral® Full Text Version

Author MSS

Abstract

With the exponential growth in investment attention to brain health-solutions spanning brain wellness to mental health to neurological disorders-tech giants, payers, and biotechnology companies have been making forays into this field to identify technology solutions and pharmaceutical amplifiers. So far, their investments have had mixed results. The concept of open innovation (OI) was first coined by Henry Chesbrough to describe the paradigm by which enterprises allow free flow of ideas, products, and services from the outside to the inside and vice versa in order to remain competitive, particularly in rapidly evolving fields where there is abundant, relevant knowledge outside the traditional walls of the enterprise. In this article, we advocate for further exploration and advancement of OI in brain health.

Keywords

Humans, Brain, Inventions, Mental Health, Open innovation, brain health, corporate innovation, venture capital, closed innovation, entrepreneurship, equity

Published Open-Access

yes

Recommended Citation

Eyre, Harris A; Searfoss, Jason; Hopwood, Malcolm; et al., "Open Innovation: The Key to Advancing Brain Health" (2023). Faculty, Staff and Student Publications. 6546.
https://digitalcommons.library.tmc.edu/uthgsbs_docs/6546