4th Industrial Revolution and Smart City Open Innovation

Jaewon Peter Chun (XnTree, United Kingdom)

As city problems are becoming more diverse and complex, governments are moving towards Open Innovation to bring all city stakeholders together to participate in developing and revolutionizing the city. Open Innovation within Smart City platform focuses on a decentralized approach to innovation as it is has become apparent that knowledge and expertise cannot be found solely within the government, but is widely distributed to various sectors of society. It values the importance of a collective effort from various actors and stakeholders to successfully innovate and overcome the overwhelming challenges that cities currently face and will be facing in the future.
Seeing the positive results of Open Innovation, cities have taken an even more proactive approach by developing Living Labs to further encourage and drive innovation. These Living Labs serve as a space for multiple stakeholders to collaborate, work, and develop solutions to city challenges, with the government providing the necessary support to fund these ideas and bring them to fruition. Through these Living Labs, governments and other city stakeholders have co-created solutions from the ground up, cutting the costs and time it usually requires to develop a ground-breaking city project.
The presentation will demonstrate how various cities encourage Open Innovation within smart city platform, as well as the struggles they faced in realizing it. Actual results from various Smart City Living Labs will also be presented to encourage the audience to develop a similar setup in their respective cities. It will feature presentations from different city stakeholders to fully illustrate the importance of multispectral cooperation in the implementation of Open Innovation and Smart City Living Labs.