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Beijing best bet for firms seeking glory in open innovation

By Du Juan | China Daily | Updated: 2018-10-16 08:04

Beijing has been ranked as China's most popular place for major companies across the globe to boost open innovation, which is a model aimed at promoting integrated efforts in innovation, such as sharing data between firms, as a way to spark new ideas, according to a report published on Saturday.

By the end of September, 163 companies - including Fortune 500 companies and Fortune China 500 companies - had developed open innovation in Beijing, said a report published by Beijing Z-innoway, an institution founded by the Beijing municipal government to boost innovation.

Among the 72 international companies that are exploring open innovation in China, 55 are in Beijing, according to the report.

Beijing best bet for firms seeking glory in open innovation

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