OPEN INNOVATION AS A CHALLENGE FOR CZECH PROFIT AND NON-PROFIT SECTOR

Notwithstanding the fact that Open innovation was introduced as a new concept by Henry Chesbrough as late as in 2003 some companies have already found this concept vital for boosting their further development. In the face of existing paradigm of closed innovation open innovation may offer more flexibility in the utilization of company's intellectual property, better utilization of company sources and prompt reaction to changes in business environment. Research questions to be raised in the context of open innovation should deal with the depth of involvement of Czech companies in open innovation and the scope within which academic institutions are able to address this topic. Pursuant to aforementioned research questions systematic research to be performed on selected Czech industrial companies and academic institutions is being completed. As far as the outcomes are concerned both industrial companies and academic institutions underrate significance and importance of open innovation for their further development. Problems to be at the bottom of this situation as well as the set of remedial actions to rectify this unfavourable development were presented. The implications of this article should be conducive to both improvement of the perception of open innovation in industrial sector and elaborating curricula for open innovation in academic branch.