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Nokia – Challenges with Open Innovation Stephanie Lacroix, H1450088E&I Zone: Challenges with Open Innovation, November 2014Word Count: 2480Nokia:Spin-outs, divesture, outbound innovationIntroductionCompanies can commercialize their knowledge and innovation by licensing or selling their intellectual property rights (IPR). In the USA the total royalty income of industry from licensing is around US$100bn per year. The intellectual property.