Since 2007 the Third Millennium Lab is developing Open Innovation, Open Collaboration and Talent Pool solutions. Provoked by our mission we are initiating the creation of planet largest collaborative youth community where tomorrow’s leaders will be led into co-creation, career development, public recognition and participation in Youth Think Tank.

In time of rapid changes and especially in recession the companies will need to collaborate to survive, to gain efficiencies, fend off competitive threats and avoid commoditization.

Open Innovation (collaborative innovation) applies the principles of free trade to the marketplace for new ideas, enabling the laws of comparative advantage to drive the efficient allocation of R&D resources. By collaborating with outsiders - including customers, vendors, and communities - a company is able to import lower cost and higher quality ideas from the best sources in the world. This discipline allows the business to refocus its own innovation resources where it has clear competitive advantages.

These collaborative business models offer several benefits: reducing costs, increasing development capacity without increasing R&D budgets, accelerating the development process and quality of new product introductions.

Furthermore, open innovation is a tool for survival based on creativity and a tool to drive disruptive change.

It is “… the biggest change in the organization of the corporation in a century” Dan Tapscott, (Wikinomics)