Open innovation is a new relationship model for companies with external agents (universities, startups, research centres, other companies in the same or another industry…) which promotes collaboration and the exchange of ideas.
Endesa has adopted this open model to find high-quality ideas that enable us to grow. We have entered this new culture with the purpose of developing innovative ideas capable of transforming the current energy model.
This is how Professor Henry Chesbrough defines this term, incorporated by Endesa in its Sustainability Plan.
How do we apply open innovation at Endesa?
Through the collaborative endesaenergychallenges.com platform, which, alongside entrepreneurs, looks to find energy efficient products and services. It aims to challenge the most brilliant minds to seek energy solutions that allow the current model to be transformed.
How does it work? On the one hand, the platform launches challenges like the Hackathon or Datathon which are useful for discovering new disruptive ideas that may contribute to finding these new energy solutions. On the other hand, we open up a communication channel with entrepreneurs and startups prepared to work with Endesa: Energy for entrepreneurs.
We also take part in initiatives and events that promote innovation and support for entrepreneurs, such as Spain Start Up: The South Summit –the largest entrepreneurship event in the south of Europe- or the European accelerator INCENSe – devoted to promoting hi-tech innovation and jobs.
Neither do we forget the future generations. Endesa collaborates with PANGEA, the largest global platform for young talent, and we have joined Pangea Team A, a programme aimed at addressing energy sector problems with the collaboration of innovative young people.