Igniting innovation: Collaboration, prioritisation and analytics

Choose wisely: Deciding on which innovation path to take should be based on its novelty, the return on investment and the company's ability to deliver the final product. Photo used with permission from GE.

Keeping a business afloat often requires technopreneurs to exercise discretion in order to avoid risks which may threaten the well being of an organisation. However, there are certain risks worth taking, and those associated with collaboration would be among them. 

“The number one collaboration risk that people tend to mention is intellectual property protection,” says Dr Xiangli Chen, vice president and chief technology officer of General Electric (GE) Research and Development (R&D) Centre in Shanghai, China.