You can think of yet2.com as an intermediary, an opportunity-finder, or more to the point, a link between those who sell and buy technologies. yet2.com seeks to partner otherwise estranged companies to maximize the return on everyone’s investments. On one side of yet2.com’s business is helping start-up companies with licensing, technology evaluation and acquisition, business development and R&D needs. The other side is finding larger companies with gaps that can be filled by externally produced technology.
The concept is called open innovation, and it propels the notion that large firms can and should use external ideas (as well as internal ideas) to advance their technology. Because knowledge is distributed differently (that is, on a global scale), new thinking says that companies cannot afford to rely solely on their own R&D departments. Instead, they should integrate the practice of buying or licensing processes or inventions from other companies. Read Full Article
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