ActoNetwork | Should Companies Create Commons to Foster Innovation?

Should Companies Create Commons to Foster Innovation?

kidmercury | 26 October, 2005 12:46

The point is that even industry needs a robust and open public domain in order to innovate. That’s a key reason why so many software giants are turning to open source software, and why IBM has made dozens of its software patents available to competitors (while positioning itself to profit in other ways). The wider the participation in a tech sector, the more innovative it is likely to become. But this requires a commons. One reason that the biotech and computer revolutions took off in the first place was because there was a huge pool of shared knowledge – much of it seeded by the U.S. Government – that everyone could access and use.

In my opinion, this is spot on -- more than ever before, today's companies need to foster a commons that can attract users. Such a commons, when done properly, can create entirely new markets and faciliate rapid innovation. Commons can be a key ingredient to a disruptive strategy.

Should Companies Create Commons to Foster Innovation?

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