What are the Benefits of Open Innovation in Catalysis?
1. Accelerated Discovery: Open innovation can significantly speed up the discovery of new catalysts by pooling resources and knowledge. 2. Cost Reduction: Sharing the financial burden of R&D can make it more affordable for companies to pursue innovative catalytic technologies. 3. Diverse Perspectives: Engaging with external experts brings diverse viewpoints and expertise, which can lead to more innovative solutions. 4. Risk Mitigation: By collaborating with others, companies can share the risks associated with R&D projects.
