The Importance of Open Innovation to Regional Industrial Innovation and Development

This paper explores the impact of open innovation on regional industrial development, focusing on industrial innovation culture, depth, and breadth. Open innovation, first proposed by Henry Chesbrough in 2003, has become a crucial support for promoting scientific and technological progress. By building open innovation platforms and ecological networks, global cities and regions can absorb external resources, deepen understanding of science and technology innovation, and expand market capacity. Vertical innovation acceleration models, formed around regional industries, promote industrial innovation depth. Open innovation also facilitates the global flow of startups, enhancing industrial innovation breadth. Examples from China, Brazil, the Netherlands, the US, and Canada demonstrate the effectiveness of open innovation in fostering a thriving innovation ecosystem, driving high rates of iteration and growth for startups, and promoting collaboration among various stakeholders.