Ep. 25 - Open Innovation With Henry Chesbrough

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Published Mar 10, 2021

In this latest episode of the Most Awesome Founder Podcast, we introduce Henry Chesbrough - Director of the Garwood Center for Corporate Innovation, Adjunct Professor at the Haas School of Business, UC–Berkeley, and Chair of Open Innovation at Luiss Guido Carli in Rome.

We’re discussing the origins of the concept of open innovation, its implications in business today, the roles of startups, and the interrelationships of open innovation, open source, and intellectual property.

This conversation felt like a masterclass in this fascinating topic, rich with real-world examples that practitioners will relate to. Hope you enjoy it as much as we did!

Part 1: Intro Henry

Part 2: Henry’s journey to where he is today (02:02)

Part 3: Henry’s thoughts on moving between business and academics and the influence on his teaching (10:04)

Part 4: Henry’s definition of “Open Innovation” as a concept (13:01)

Part 5: Xerox as an example for the need for “Open Innovation” (14:08)

Part 6: The four phases of Xerox’s management towards trying to capitalize in internal innovation (17:44)

Part 7: How the reward system of the Xerox corporate VC led Xerox to shut down the VC arm (20:44)

Part 8: Henry’s drive to focus on “Open Innovation” in his research (25:47)

Part 9: The difference between “Open Innovation” and “Open Source” (29:30)

Part 10: The BioNTech – Pfizer Covid vaccine partnership as an example for “Open Innovation” (34:42)

Part 11: “Open Science” as the basis for commercialization of new businesses (39:48)

Part 12: How “Open innovation” expands beyond application in the business world (43:06)

Part 13: How startups can benefit from “Open Innovation” through partnerships (45:55)

Part 14: The roles of trust and of smart design of collaboration in an example from Henry (49:20)

Part 15: Henry’s view on the attitude of startup in terms of designing a collaboration (52:26)

Part 16: Failures and the dark side of “Open Innovation” (54:45)

Part 17: The needed mindset for “Open Innovation” (01:03:22)

Part 18: “Believe in yourself!” What Henry would tell his younger self in management, based on his experiences in academia? (1:05:15)

Part 19: What book would Henry recommend? (1:08:05)

Part 20: What is the most impactful path to follow as an academic? (1:09:11)

Part 21: Outro Gerrit (01:14:40)

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Ep. 25 - Open Innovation With Henry Chesbrough

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