HP’s Open Innovation Strategy: Leveraging Academic Labs

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.