HP To inject start-up DNA into HP Labs

http://www.uberpulse.com/us/2008/03/hp_labs_20_to_open_innovation_accelerate_...

HP to foster "open innovation", collaborative research and input from VCs, start-ups, academia, government, etc... To inject start-up DNA into HP Labs "We realise that not all the smart people work for HP Labs", said Banerjee.


HP's open innovation programme has 3 aspects: 1) an innovation research programme with universities that will start with a call to proposals for projects in HP's 5 focused areas. HP will fund 100 students per year who will work on these projects during Summer and that will also form a pipeline of recruits, future talents, for HP Labs; 2) the Entrepreneur in Residence Programme will form partnership with VCs, like Foundation Capital, in hope that they will tell the HP researchers what's hot. In return, HP will share its research expertise with VCs and their portfolio companies; 3) Idealab, a website that offers a peek into certain early-stage software projects inside HP Labs, designed to encourage feedback from consumers and the developer community who can download the software. I've taken a "peek" at it and although the projects look innovative (but I'm not an expert), I don't think there's anything that was not already out there.
http://www.uberpulse.com/us/2008/03/hp_labs_20_to_open_innovation_accelerate_...

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