WHICH ONE IS BETTER? OPEN/CLOSED OR HYBRID INNOVATION MODEL

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Description

In this Article, we hold on to the idea that neither of the innovation (open or closed) models outweighs the other substantially and preferentially at least nowadays; therefore, open and closed innovation models shall be implemented under a hybrid scheme mostly in a way that open innovation model is interfaced with the closed innovation model through private ordering means (i.e. parties’ own solutions to a particular regulatory problem) which are to be calibrated based on company’s (IP+Business) strategic requirements, size, expertise and choice of law.

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