Paradigm has signed an agreement to expand internal technology development by posting critical high-priority challenges to InnoCentive for open innovation. The agreement connects Paradigm's science and technology experts with InnoCentive's global network of "Solvers," a community of progressive physicists, chemists, mathematicians, and other scientists.
For over 20 years, Paradigm's past commitment to open innovation has helped shape its product line. By working with InnoCentive, Paradigm breaks the mold again, challenging the broader exploration and production community to recognize open innovation as a viable and desirable approach to accelerate advanced technology development for the oil and gas industry. This step is aligned in its commitment to changing the economics of energy through technology.
"Affordable energy is possible if people with passion and the ability to solve complex problems come together to optimize the systems of discovery and delivery. This relationship with Paradigm and sharing in John's vision will fundamentally change how discovery and innovation will happen in oil and gas in the future…now."
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